Southern Copper (SCCO) to Release Quarterly Earnings on Friday

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

Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The basic materials company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. Southern Copper had a net margin of 30.00% and a return on equity of 39.39%. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.05 billion. 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 Price Performance

Shares of NYSE:SCCO traded down $0.66 during trading hours on Friday, hitting $101.60. 1,176,031 shares of the company's stock traded hands, compared to its average volume of 1,249,614. Southern Copper has a 52 week low of $74.11 and a 52 week high of $118.64. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.22 and a current ratio of 3.71. The company's fifty day simple moving average is $95.58 and its two-hundred day simple moving average is $93.48. The company has a market cap of $80.89 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.34 and a beta of 1.02.

Southern Copper Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on SCCO shares. Itau BBA Securities upgraded shares of Southern Copper from an "underperform" rating to a "market perform" rating in a report on Wednesday, June 11th. UBS Group cut shares of Southern Copper from a "buy" rating to a "neutral" rating and set a $105.00 target price for the company. in a report on Tuesday, July 1st. Wall Street Zen cut shares of Southern Copper from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Hsbc Global Res upgraded shares of Southern Copper from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Southern Copper from $83.50 to $79.00 and set a "neutral" rating for the company in a report on Thursday, July 3rd. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $91.60.

Hedge Funds Weigh In On Southern Copper

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its stake 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 worth $4,194,000 after acquiring an additional 13,293 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Southern Copper by 17.9% in the 1st 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 in the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Southern Copper by 21.5% in the 1st 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 in the last quarter. Institutional investors 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.