NYSE:SCCO

Southern Copper (SCCO) Stock Price, News & Analysis

$109.51
+0.28 (+0.26%)
(As of 09:52 AM ET)
Today's Range
$108.03
$110.16
50-Day Range
$78.89
$116.97
52-Week Range
$64.66
$120.37
Volume
111,829 shs
Average Volume
1.12 million shs
Market Capitalization
$84.66 billion
P/E Ratio
34.88
Dividend Yield
2.92%
Price Target
$76.00

Southern Copper MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.57 Rating Score
Upside/​Downside
32.0% Downside
$76.00 Price Target
Short Interest
Bearish
6.67% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-5.07
Upright™ Environmental Score
News Sentiment
0.41mentions of Southern Copper in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$27,880 Sold Last Quarter
Proj. Earnings Growth
20.76%
From $3.95 to $4.77 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.01 out of 5 stars

Basic Materials Sector

90th out of 173 stocks

Metal Mining Industry

12th out of 21 stocks

SCCO stock logo

About Southern Copper Stock (NYSE:SCCO)

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. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant in Mexico. The company also operates Buenavista, an open-pit copper mine, as well as two copper concentrators and two operating SX-EW plants in Mexico. In addition, it operates underground mines that produce zinc, lead, copper, silver, and gold; a coal mine; and a zinc refinery. The company has interests in 156,818 hectares and 502,688 hectares of concessions in Peru and Mexico; and 168,200 hectares and 28,453 hectares of exploration concessions in Argentina and Chile. Southern Copper Corporation was incorporated in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation operates as a subsidiary of Americas Mining Corporation.

SCCO Stock Price History

SCCO Stock News Headlines

This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Southern Copper (NYSE:SCCO) Rating Lowered to Reduce at HSBC
Southern Copper (NYSE:SCCO) PT Raised to $55.00
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Up 34% YTD, Is This Copper Stock Overvalued?
AI Data Centers Seen Driving Demand For Copper
SCCO Apr 2024 120.000 call
SCCO May 2024 110.000 call
See More Headlines
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Company Calendar

Last Earnings
2/02/2024
Ex-Dividend for 2/29 Dividend
2/12/2024
Dividend Payable
2/29/2024
Today
4/25/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Diversified Metals & Mining
CUSIP
84265V10
Employees
15,810
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$76.00
High Stock Price Target
$130.00
Low Stock Price Target
$55.00
Potential Upside/Downside
-30.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.57
Research Coverage
7 Analysts

Profitability

Net Income
$2.43 billion
Pretax Margin
39.97%

Debt

Sales & Book Value

Annual Sales
$9.90 billion
Cash Flow
$4.13 per share
Book Value
$9.68 per share

Miscellaneous

Free Float
772,495,000
Market Cap
$84.46 billion
Optionable
Optionable
Beta
1.29
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Key Executives

  • Mr. Oscar Gonzalez Rocha (Age 86)
    President, CEO & Director
    Comp: $1.22M
  • Mr. Raul Jacob Ruisanchez (Age 66)
    VP of Finance, Treasurer & CFO
    Comp: $385.09k
  • Ms. Lina A. Vingerhoets Vilca (Age 63)
    Comptroller
    Comp: $222.89k
  • Mr. Edgard Corrales Aguilar (Age 68)
    Vice President of Exploration
    Comp: $321.62k
  • Mr. Julian Jorge Lazalde Psihas (Age 56)
    Secretary
    Comp: $323.65k
  • Mr. Victor Pedraglio
    Manager of Financial Planning & Investor Relations
  • Mr. Andres Carlos Ferrero Ghislieri (Age 55)
    General Counsel

SCCO Stock Analysis - Frequently Asked Questions

Should I buy or sell Southern Copper stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last year. There are currently 5 sell ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" SCCO shares.
View SCCO analyst ratings
or view top-rated stocks.

What is Southern Copper's stock price target for 2024?

7 brokerages have issued 1 year price targets for Southern Copper's shares. Their SCCO share price targets range from $55.00 to $130.00. On average, they anticipate the company's share price to reach $76.00 in the next twelve months. This suggests that the stock has a possible downside of 32.0%.
View analysts price targets for SCCO
or view top-rated stocks among Wall Street analysts.

How have SCCO shares performed in 2024?

Southern Copper's stock was trading at $86.07 at the start of the year. Since then, SCCO shares have increased by 29.8% and is now trading at $111.72.
View the best growth stocks for 2024 here
.

Are investors shorting Southern Copper?

Southern Copper saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 5,800,000 shares, an increase of 29.8% from the February 29th total of 4,470,000 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is currently 5.5 days. Approximately 6.8% of the shares of the company are sold short.
View Southern Copper's Short Interest
.

When is Southern Copper's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SCCO earnings forecast
.

How were Southern Copper's earnings last quarter?

Southern Copper Co. (NYSE:SCCO) posted its quarterly earnings data on Friday, February, 2nd. The basic materials company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.73 by $0.15. The basic materials company earned $2.30 billion during the quarter, compared to analysts' expectations of $2.37 billion. Southern Copper had a net margin of 24.51% and a trailing twelve-month return on equity of 30.85%.

How often does Southern Copper pay dividends? What is the dividend yield for Southern Copper?

Southern Copper announced a quarterly dividend on Thursday, January 25th. Investors of record on Tuesday, February 13th will be given a dividend of $0.80 per share on Thursday, February 29th. This represents a $3.20 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Monday, February 12th.
Read our dividend analysis for SCCO
.

Is Southern Copper a good dividend stock?

Southern Copper (NYSE:SCCO) pays an annual dividend of $3.20 per share and currently has a dividend yield of 2.92%. The dividend payout ratio is 101.91%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SCCO will have a dividend payout ratio of 67.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SCCO.

What other stocks do shareholders of Southern Copper own?

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).

Who are Southern Copper's major shareholders?

Southern Copper's stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.08%), Sumitomo Mitsui Trust Holdings Inc. (0.03%), Randolph Co Inc (0.02%), Raymond James & Associates (0.02%), Wealth Enhancement Advisory Services LLC (0.01%) and Alaska Permanent Fund Corp (0.01%). Insiders that own company stock include Andreve Vicente Ariztegui, Bonilla Luis Miguel Palomino, German Larrea Mota Velasco and Sanchez Mejorada Enri Castillo.
View institutional ownership trends
.

How do I buy shares of Southern Copper?

Shares of SCCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SCCO) was last updated on 4/25/2024 by MarketBeat.com Staff

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