Caisse de depot et placement du Quebec Invests $25 Million in Southern Copper
Caisse de depot et placement du Quebec has made a new $25.08 million investment in Southern Copper Corporation, purchasing 143,931 shares during the second quarter.
This is not the only significant stake purchased by Caisse de depot et placement du Quebec; it also acquired a new position in Bell Investment Advisors Inc and Rakuten Securities Inc., both of which bought stakes worth around $26,000 and $28,000 respectively. Other investors like SHP Wealth Management, Lloyd Advisory Services LLC, and Virtus Advisers LLC have also made new investments in Southern Copper.
The firm's 7.94% ownership by institutional investors is notable, but analysts are divided on the stock's prospects. While some firms upgraded their rating for Southern Copper, others downgraded it. The consensus rating among analysts is 'Reduce', with a target price of $146.84.