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NYSE:SCCO

Southern Copper (SCCO) Stock Price, News & Analysis

$105.40
+1.06 (+1.02%)
(As of 07/26/2024 ET)
Today's Range
$104.18
$106.17
50-Day Range
$103.94
$129.34
52-Week Range
$68.93
$129.79
Volume
731,682 shs
Average Volume
1.02 million shs
Market Capitalization
$82.33 billion
P/E Ratio
35.03
Dividend Yield
2.63%
Price Target
$89.57

Southern Copper MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.63 Rating Score
Upside/​Downside
15.0% Downside
$89.57 Price Target
Short Interest
Bearish
7.73% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.98
Upright™ Environmental Score
News Sentiment
0.62mentions of Southern Copper in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$472,430 Sold Last Quarter
Proj. Earnings Growth
16.13%
From $4.34 to $5.04 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.

2.44 out of 5 stars

Basic Materials Sector

113th out of 175 stocks

Metal Mining Industry

15th out of 23 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

Jefferies Keeps Their Buy Rating on Southern Copper (SCCO)
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Company Calendar

Last Earnings
10/24/2023
Ex-Dividend for 5/23 Dividend
5/07/2024
Dividend Payable
5/23/2024
Today
7/27/2024
Next Earnings (Estimated)
8/06/2024
Ex-Dividend for 8/26 Dividend
8/09/2024
Dividend Payable
8/26/2024
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
$89.57
High Stock Price Target
$130.00
Low Stock Price Target
$54.00
Potential Upside/Downside
-15.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.63
Research Coverage
8 Analysts

Profitability

Net Income
$2.43 billion
Pretax Margin
39.26%

Debt

Sales & Book Value

Annual Sales
$9.90 billion
Cash Flow
$4.22 per share
Book Value
$9.58 per share

Miscellaneous

Free Float
780,531,000
Market Cap
$82.33 billion
Optionable
Optionable
Beta
1.19
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Key Executives

  • Mr. Raul Jacob Ruisanchez (Age 66)
    VP of Finance, Treasurer & CFO
    Comp: $408.65k
  • Ms. Lina A. Vingerhoets Vilca (Age 63)
    Comptroller
    Comp: $236.39k
  • Mr. Edgard Corrales Aguilar (Age 68)
    Vice President of Exploration
    Comp: $347.13k
  • Mr. Julian Jorge Lazalde Psihas (Age 56)
    Secretary
    Comp: $443.25k
  • Mr. Oscar Gonzalez Rocha (Age 86)
    President, CEO & Director
    Comp: $1.22M
  • 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 Corporation engages in mining, exploring, smelting, and refining copper and other minerals in various countries, providing geographical diversification for investors.
  • The company's focus on copper and molybdenum concentrates production can benefit from the increasing demand for these metals in various industries.
  • Recent developments in the mining sector have positively impacted Southern Copper Co.'s operations, leading to potential growth opportunities.
  • The current stock price of Southern Copper Co. is favorable for investors looking to enter the market at a reasonable valuation.
  • Strong financial performance and consistent dividend payments make Southern Copper Co. an attractive investment option for income-oriented investors.

Cons

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

  • Volatility in commodity prices, especially copper, can impact Southern Copper Co.'s financial performance and stock price.
  • Environmental and regulatory challenges in the countries where Southern Copper Co. operates may pose risks to the company's operations and profitability.
  • Fluctuations in global economic conditions and trade policies can affect the demand for copper and other minerals, impacting Southern Copper Co.'s revenue and earnings.
  • Competitive pressures in the mining industry could limit Southern Copper Co.'s market share and pricing power, affecting its profitability.
  • Uncertainty surrounding future mining projects and exploration activities may lead to delays or additional costs for Southern Copper Co., impacting its financial 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 Tuesday, July 2, 2024. Please send any questions or comments about these Southern Copper pros and cons to contact@marketbeat.com.

SCCO Stock Analysis - Frequently Asked Questions

How have SCCO shares performed this year?

Southern Copper's stock was trading at $86.07 at the beginning of 2024. Since then, SCCO shares have increased by 22.5% and is now trading at $105.40.
View the best growth stocks for 2024 here
.

How were Southern Copper's earnings last quarter?

Southern Copper Co. (NYSE:SCCO) announced its quarterly earnings data on Tuesday, October, 24th. The basic materials company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.72 by $0.08. The basic materials company earned $2.51 billion during the quarter, compared to analysts' expectations of $2.49 billion. Southern Copper had a net margin of 24.20% and a trailing twelve-month return on equity of 30.44%.

Who are Southern Copper's major shareholders?

Top institutional investors of Southern Copper include Allspring Global Investments Holdings LLC (0.08%), Bank of New York Mellon Corp (0.04%), Sumitomo Mitsui Trust Holdings Inc. (0.03%) and Randolph Co Inc (0.02%). Insiders that own company stock include Andreve Vicente Ariztegui, Sanchez Mejorada Enri Castillo, PALOMINO BONILLA LUIS MIGUEL, Bonilla Luis Miguel Palomino and German Larrea Mota Velasco.
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.

What other stocks do shareholders of Southern Copper own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Southern Copper investors own include Alibaba Group (BABA), NVIDIA (NVDA), B2Gold (BTG), Freeport-McMoRan (FCX), Applied Materials (AMAT), Intel (INTC) and Newmont (NEM).

This page (NYSE:SCCO) was last updated on 7/27/2024 by MarketBeat.com Staff

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