Southern Copper Gains Institutional Support with William Blair Investment

William Blair Investment Management LLC purchased a new position in shares of Southern Copper Corporation (NYSE:SCCO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 340,692 shares of the basic materials company's stock, valued at approximately $59,369,000.

In addition to William Blair Investment Management LLC, several other institutional investors also increased their stakes in Southern Copper Corporation during the fourth quarter. Intech Investment Management LLC grew its holdings in the company by 0.8%, while VIRGINIA RETIREMENT SYSTEMS ET Al and Steel Grove Capital Advisors LLC both saw their positions increase by 1.8% and 0.8%, respectively.

Southern Copper Corporation's stock price has seen some fluctuations, with a 1-year low of $92.94 and a 1-year high of $223.88. The company's market capitalization stands at $180.47 billion, with a debt-to-equity ratio of 0.63 and a current ratio of 5.06.