Healthcare Fund Buys 496k Shares of Southern Copper for $85M

The Healthcare of Ontario Pension Plan Trust Fund recently purchased a new position in Southern Copper Corporation (SCCO), buying approximately 496,000 shares valued at $85.3 million. This investment represents about 0.06% of Southern Copper's outstanding stock.

According to the company's most recent Form 13F filing with the Securities & Exchange Commission, other large investors also recently modified their holdings in SCCO. Intech Investment Management LLC grew its position by 0.8%, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake by 0.8%, and Steel Grove Capital Advisors LLC raised its position by 1.8%.

The company has a market capitalization of $148.4 billion, a price-to-earnings ratio of 26.27, and a beta of 1.11. SCCO's quarterly revenue was up 40.6% compared to the same quarter last year. The business also recently announced a quarterly dividend, which will be paid on August 27th to investors of record on August 11th.