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S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
NYSE:SCCO

Southern Copper (SCCO) Stock Price, News & Analysis

$113.84
-0.24 (-0.21%)
(As of 04/16/2024 ET)
Today's Range
$108.80
$114.69
50-Day Range
$78.03
$116.97
52-Week Range
$64.66
$120.37
Volume
1.78 million shs
Average Volume
1.11 million shs
Market Capitalization
$88.01 billion
P/E Ratio
36.25
Dividend Yield
2.81%
Price Target
$76.83

Southern Copper MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
32.5% Downside
$76.83 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
0.81mentions of Southern Copper in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$27,880 Sold Last Quarter
Proj. Earnings Growth
21.85%
From $3.89 to $4.74 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.

2.62 out of 5 stars

Basic Materials Sector

96th out of 170 stocks

Metal Mining Industry

9th out of 15 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

Southern Copper (NYSE:SCCO) Shares Gap Up to $116.95
BUY ALERT: Billionaires piling into this asset class
Legendary investor Warren Buffett has poured over $500 million into gold! It's a BIG move by one of the world's most cautious investors.
Southern Copper (NYSE:SCCO) Sets New 1-Year High at $117.86
BUY ALERT: Billionaires piling into this asset class
Legendary investor Warren Buffett has poured over $500 million into gold! It's a BIG move by one of the world's most cautious investors.
AI Data Centers Seen Driving Demand For Copper
SCCO Apr 2024 120.000 call
SCCO May 2024 110.000 call
Copper and Miner Shares Jump After China Output Cut
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
4/17/2024
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
$76.83
High Stock Price Target
$130.00
Low Stock Price Target
$56.00
Potential Upside/Downside
-32.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$2.43 billion
Pretax Margin
39.97%

Debt

Sales & Book Value

Annual Sales
$9.90 billion
Cash Flow
$4.16 per share
Book Value
$9.68 per share

Miscellaneous

Free Float
772,495,000
Market Cap
$88.01 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

Should I Buy Southern Copper Stock? SCCO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Southern Copper Co.:

  • Southern Copper Co. has shown consistent revenue growth over recent periods, indicating a strong financial performance.
  • The company's diversified operations across multiple countries provide geographic diversification, reducing risk associated with a single region.
  • With a current stock price of $102.61, Southern Copper Co. has shown a steady increase in stock value, offering potential for capital appreciation.
  • Strong net margin of 24.51% showcases efficient cost management and profitability.
  • Positive return on equity of 30.85% reflects the company's ability to generate profit from shareholders' equity.

Cons

Investors should be bearish about investing in Southern Copper Co. for these reasons:

  • The company's stock price volatility, with a beta of 1.27, indicates higher sensitivity to market movements, potentially leading to increased risk.
  • Recent earnings report showed a lower than expected earnings per share, which may impact investor confidence in the short term.
  • Debt-to-equity ratio of 0.84 suggests a moderate level of debt, which could pose risks in case of economic downturns or rising interest rates.
  • Market cap of $79.33 billion may limit significant growth potential for investors seeking high-growth opportunities.
  • Fluctuations in commodity prices, especially copper, can directly impact Southern Copper Co.'s profitability and stock performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Southern Copper pros and cons to contact@marketbeat.com.

SCCO Stock Analysis - Frequently Asked Questions

Should I buy or sell Southern Copper stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last twelve months. There are currently 3 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research 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?

5 brokers have issued 1-year price targets for Southern Copper's stock. Their SCCO share price targets range from $56.00 to $130.00. On average, they anticipate the company's stock price to reach $76.83 in the next year. This suggests that the stock has a possible downside of 32.5%.
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 32.3% and is now trading at $113.84.
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 trading volume, of 1,050,000 shares, the short-interest ratio is presently 5.5 days. Approximately 6.8% of the shares of the company are short sold.
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) announced its quarterly earnings results 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 trailing twelve-month return on equity of 30.85% and a net margin of 24.51%.

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

Southern Copper declared a quarterly dividend on Thursday, January 25th. Stockholders 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 dividend yield of 2.81%. 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 2.78%. 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 67.51% 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 a variety of institutional and retail investors. Top institutional investors include Wealth Enhancement Advisory Services LLC (0.01%), Alaska Permanent Fund Corp (0.01%), Occidental Asset Management LLC (0.00%), Los Angeles Capital Management LLC (0.00%), GoalVest Advisory LLC (0.00%) and Symmetry Partners LLC (0.00%). 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 4/17/2024 by MarketBeat.com Staff

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