Analysts Set Southern Copper Co. (NYSE:SCCO) PT at $91.50

Shares of Southern Copper Co. (NYSE:SCCO - Get Free Report) have received a consensus rating of "Reduce" from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $91.50.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Southern Copper from $84.00 to $83.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. UBS Group reduced their price target on shares of Southern Copper from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Scotiabank upped their price target on shares of Southern Copper from $52.00 to $72.00 and gave the stock a "sector underperform" rating in a report on Monday, March 10th. Hsbc Global Res raised Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen lowered Southern Copper from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.

Institutional Investors Weigh In On Southern Copper

Several institutional investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. boosted its holdings in shares of Southern Copper by 117.6% during the first quarter. Cullen Frost Bankers Inc. now owns 272 shares of the basic materials company's stock worth $25,000 after purchasing an additional 147 shares during the period. Golden State Wealth Management LLC bought a new stake in Southern Copper in the first quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Southern Copper during the 4th quarter valued at $30,000. N.E.W. Advisory Services LLC bought a new position in Southern Copper in the 1st quarter worth $34,000. Finally, Deseret Mutual Benefit Administrators raised its holdings in Southern Copper by 210.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 7.94% of the company's stock.

Southern Copper Stock Down 1.6%

Shares of Southern Copper stock traded down $1.44 during trading hours on Wednesday, reaching $90.95. The company's stock had a trading volume of 1,312,415 shares, compared to its average volume of 1,192,894. The company has a market capitalization of $72.41 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.90 and a beta of 1.05. The stock's fifty day simple moving average is $89.45 and its two-hundred day simple moving average is $93.60. Southern Copper has a one year low of $74.11 and a one year high of $118.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. Southern Copper had a net margin of 29.53% and a return on equity of 40.27%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.05 billion. On average, research analysts forecast that Southern Copper will post 4.66 earnings per share for the current year.

Southern Copper Announces Dividend

The business also recently declared a dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were given a dividend of $0.70 per share. The ex-dividend date was Friday, May 2nd. This represents a yield of 2.98%. Southern Copper's payout ratio is 61.27%.

Southern Copper Company Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.