Southern Copper (SCCO) Projected to Post Quarterly Earnings on Friday

Southern Copper (NYSE:SCCO - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Friday, July 18th. Analysts expect the company to announce earnings of $1.05 per share and revenue of $2.89 billion for the quarter.

Southern Copper (NYSE:SCCO - Get Free Report) last issued its earnings results on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.05 billion. Southern Copper had a net margin of 30.00% and a return on equity of 39.39%. On average, analysts expect Southern Copper to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Southern Copper Stock Down 1.5%

Shares of Southern Copper stock traded down $1.55 during trading on Monday, reaching $100.06. The company had a trading volume of 1,074,416 shares, compared to its average volume of 1,250,802. The company has a market cap of $79.67 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. The firm's fifty day moving average is $95.81 and its 200-day moving average is $93.52. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.22 and a current ratio of 3.71. Southern Copper has a fifty-two week low of $74.11 and a fifty-two week high of $118.64.

Southern Copper Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SCCO. Hsbc Global Res upgraded shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 24th. Itau BBA Securities upgraded shares of Southern Copper from an "underperform" rating to a "market perform" rating in a research note on Wednesday, June 11th. UBS Group lowered shares of Southern Copper from a "buy" rating to a "neutral" rating and set a $105.00 price objective on the stock. in a research note on Tuesday, July 1st. JPMorgan Chase & Co. dropped their price objective on shares of Southern Copper from $83.50 to $79.00 and set a "neutral" rating on the stock in a research note on Thursday, July 3rd. Finally, Wall Street Zen lowered shares of Southern Copper from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat, Southern Copper presently has an average rating of "Hold" and an average price target of $91.60.

Institutional Investors Weigh In On Southern Copper

Several large investors have recently made changes to their positions in SCCO. Focus Partners Wealth increased its stake in shares of Southern Copper by 21.5% in the first quarter. Focus Partners Wealth now owns 5,944 shares of the basic materials company's stock valued at $556,000 after purchasing an additional 1,052 shares during the period. Empowered Funds LLC increased its stake in shares of Southern Copper by 17.9% in the first quarter. Empowered Funds LLC now owns 6,705 shares of the basic materials company's stock valued at $627,000 after purchasing an additional 1,020 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Southern Copper by 42.1% in the first quarter. Royal Bank of Canada now owns 44,879 shares of the basic materials company's stock valued at $4,194,000 after acquiring an additional 13,293 shares in the last quarter. Institutional investors and hedge funds own 7.94% of the company's stock.

About Southern Copper

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.