FY2026 EPS Estimates for Southern Copper Lowered by Analyst

Southern Copper Corporation (NYSE:SCCO - Free Report) - Equities research analysts at Scotiabank cut their FY2026 earnings estimates for Southern Copper in a note issued to investors on Thursday, April 23rd. Scotiabank analyst A. Salazar now anticipates that the basic materials company will post earnings of $7.00 per share for the year, down from their prior forecast of $7.07. Scotiabank has a "Sector Underperform" rating and a $133.00 price target on the stock. The consensus estimate for Southern Copper's current full-year earnings is $6.79 per share. Scotiabank also issued estimates for Southern Copper's FY2027 earnings at $6.22 EPS.

Southern Copper (NYSE:SCCO - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.01. Southern Copper had a net margin of 32.30% and a return on equity of 41.97%. The company had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter last year, the company earned $0.98 earnings per share.

SCCO has been the topic of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of Southern Copper from $117.50 to $127.00 and gave the stock an "underweight" rating in a report on Friday, April 10th. Wall Street Zen raised shares of Southern Copper from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. The Goldman Sachs Group raised shares of Southern Copper from a "sell" rating to a "neutral" rating and set a $178.00 price objective on the stock in a report on Friday, April 10th. Bank of America cut shares of Southern Copper from a "neutral" rating to an "underperform" rating and lifted their target price for the company from $162.00 to $175.00 in a report on Thursday, February 26th. Finally, UBS Group cut their target price on shares of Southern Copper from $150.00 to $140.00 and set a "sell" rating on the stock in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $145.61.

Southern Copper Stock Down 1.2%

SCCO stock opened at $178.31 on Tuesday. The company has a current ratio of 3.89, a quick ratio of 3.40 and a debt-to-equity ratio of 0.61. Southern Copper has a twelve month low of $86.59 and a twelve month high of $223.88. The company's 50 day moving average is $185.42 and its two-hundred day moving average is $164.03. The stock has a market cap of $146.06 billion, a P/E ratio of 33.52, a PEG ratio of 1.82 and a beta of 1.16.

Southern Copper's stock is going to split before the market opens on Wednesday, May 13th. The 1.01-1 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Tuesday, May 12th.

Southern Copper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, May 13th. Southern Copper's payout ratio is presently 75.19%.

Insiders Place Their Bets

In other Southern Copper news, Director Lerdo De Tejada Leon Contreras sold 9,326 shares of the business's stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $209.56, for a total value of $1,954,344.91. Following the transaction, the director directly owned 605 shares of the company's stock, valued at approximately $126,783.04. The trade was a 93.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bonilla Luis Miguel Palomino sold 193 shares of the business's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $174.60, for a total transaction of $33,697.80. Following the completion of the transaction, the director directly owned 1,707 shares in the company, valued at $298,042.20. This represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,526 shares of company stock worth $1,989,373 over the last ninety days. Corporate insiders own 0.07% of the company's stock.

Institutional Investors Weigh In On Southern Copper

Several institutional investors and hedge funds have recently made changes to their positions in SCCO. Hopwood Financial Services Inc. purchased a new stake in shares of Southern Copper in the 3rd quarter worth about $25,000. SHP Wealth Management purchased a new stake in shares of Southern Copper in the 4th quarter worth about $25,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Southern Copper in the 4th quarter worth about $29,000. Virtus Advisers LLC purchased a new stake in shares of Southern Copper in the 4th quarter worth about $29,000. Finally, United Community Bank purchased a new stake in shares of Southern Copper in the 3rd quarter worth about $30,000. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

About Southern Copper

Southern Copper Corporation NYSE: SCCO is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper's operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.

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