Southern Copper director sells $20,000 in shares
Luis Miguel Palomino Bonilla, a Southern Copper Corp director, sold 100 shares at $200 each, amounting to $20,000, on September 24, 2026. This reduced his beneficial ownership in the company to 1,403 shares, following the transaction above the stock's current price of $177.53. Despite near-term volatility, the stock is considered overvalued by InvestingPro analysis.
Interestingly, SCCO has consistently paid dividends for 31 years, yielding 2.71%. Investors are keeping a close eye on Southern Copper's record Q3 2026 results, with earnings at $2.15 per share and net sales at $4.7 billion, surpassing market estimates. However, the delayed Tía María project and lack of 2027 guidance have stirred investor concerns about copper prices' sustainability.
Analysts have neither upgraded nor downgraded SCCO, focusing instead on the company's ability to handle future challenges.
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