Southern Copper Corporation

NYSE: SCCO
$111.82
+$2.59 (+2.4%)
Closing price April 25, 2024
Southern Copper Corporation is a leading miner and processor of copper and other minerals, with operations across Peru, Mexico, Argentina, Ecuador, and Chile. Founded in 1952 and headquartered in Phoenix, Arizona, the company specializes in extracting and refining copper, producing copper and molybdenum concentrates, and manufacturing products like sulfuric acid and refined silver, gold, and other materials. Southern Copper operates significant mines, including the Toquepala and Cuajone mines in Peru and the La Caridad and Buenavista mines in Mexico, along with various smelting and refining facilities.
The top analyst upgrades, downgrades and other research calls from Thursday include Adtran, Alcoa, Clorox, Kinder Morgan, Lam Research, MGIC, Sprint and Walmart.
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While it is hardly unexpected, as the stock market continues to print new highs, the number of shares being bought by insiders continues to drop.
Despite the markets hitting all-time high, insiders continued to buy stock this past week, in what could be a very bullish sign for investors.
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Insiders looking to buy stock took advantage of the better volumes and returned to the market this past week.
Despite a shortened week of trading in the equity markets due to the Labor Day holiday, there was a still a sizable herd of corporate insiders adding to their holdings.