Southern Copper (SCCO) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last twelve months. There are currently 4 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SCCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SCCO, but not buy additional shares or sell existing shares.
View SCCO analyst ratings or view top-rated stocks.

8 analysts have issued 1-year price objectives for Southern Copper's shares. Their SCCO share price forecasts range from $51.00 to $70.00. On average, they anticipate the company's share price to reach $62.29 in the next twelve months. This suggests that the stock has a possible downside of 9.3%.
View analysts price targets for SCCO or view top-rated stocks among Wall Street analysts.

Southern Copper's stock was trading at $60.39 at the start of the year. Since then, SCCO shares have increased by 13.8% and is now trading at $68.6950.
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Southern Copper saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,630,000 shares, an increase of 17.5% from the April 30th total of 4,790,000 shares. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is currently 4.5 days. Approximately 6.6% of the shares of the company are short sold.
View Southern Copper's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our SCCO earnings forecast.

Southern Copper Co. (NYSE:SCCO) released its earnings results on Sunday, October, 31st. The basic materials company reported $1.12 earnings per share for the quarter, hitting analysts' consensus estimates of $1.12. The basic materials company had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.67 billion. Southern Copper had a net margin of 26.46% and a trailing twelve-month return on equity of 33.71%.

Southern Copper announced a quarterly dividend on Thursday, April 20th. Investors of record on Tuesday, May 9th will be given a dividend of $0.95 per share on Tuesday, May 23rd. This represents a $3.80 annualized dividend and a yield of 5.53%. The ex-dividend date is Monday, May 8th.
Read our dividend analysis for SCCO.

ETFs with the largest weight of Southern Copper (NYSE:SCCO) stock in their portfolio include iShares MSCI Peru and Global Exposure ETF (EPU), Optica Rare Earths & Critical Materials ETF (CRIT), Global X Copper Miners ETF (COPX), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Timothy Plan Market Neutral ETF (TPMN), Global X Disruptive Materials ETF (DMAT), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH) and Pinnacle Focused Opportunities ETF (FCUS).

Southern Copper (NYSE:SCCO) pays an annual dividend of $4.00 per share and currently has a dividend yield of 5.97%. SCCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 115.94%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SCCO will have a dividend payout ratio of 88.30% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SCCO.

Based on aggregate information from My MarketBeat watchlists, some companies that other Southern Copper investors own include Alibaba Group (BABA), NVIDIA (NVDA), B2Gold (BTG), Freeport-McMoRan (FCX), Applied Materials (AMAT), Intel (INTC), Newmont (NEM), Compañía de Minas Buenaventura S.A.A. (BVN), JPMorgan Chase & Co. (JPM) and General Electric (GE).

Southern Copper trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCCO."

Southern Copper's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (1.01%), Fisher Asset Management LLC (0.43%), FIL Ltd (0.38%), Mawer Investment Management Ltd. (0.36%), abrdn plc (0.35%) and State Street Corp (0.34%). Insiders that own company stock include Andreve Vicente Ariztegui, Bonilla Luis Miguel Palomino and German Larrea Mota Velasco.
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Shares of SCCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SCCO stock can currently be purchased for approximately $68.70.

Southern Copper (NYSE:SCCO) has a market capitalization of $53.11 billion and generates $10.05 billion in revenue each year. The basic materials company earns $2.64 billion in net income (profit) each year or $3.45 on an earnings per share basis.

The company employs 15,018 workers across the globe.

Southern Copper's mailing address is 1440 EAST MISSOURI AVENUE SUITE 160, PHOENIX AZ, 85014. The official website for the company is www.southerncoppercorp.com. The basic materials company can be reached via phone at (602) 264-1375, via email at southerncopper@southernperu.com, or via fax at 602-264-1397.