Southern Copper - SCCO Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last twelve months. There are currently 2 sell ratings and 4 hold ratings 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.
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6 analysts have issued 1 year target prices for Southern Copper's shares. Their SCCO share price forecasts range from $40.00 to $65.00. On average, they expect the company's stock price to reach $52.83 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price.
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Southern Copper's stock was trading at $61.71 at the beginning of the year. Since then, SCCO shares have decreased by 21.2% and is now trading at $48.63.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SCCO earnings forecast.

Southern Copper Co. (NYSE:SCCO) announced its quarterly earnings data on Tuesday, July, 26th. The basic materials company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.95 by $0.39. The basic materials company had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.78 billion. Southern Copper had a trailing twelve-month return on equity of 36.17% and a net margin of 27.59%.

Southern Copper declared a quarterly dividend on Monday, July 25th. Shareholders of record on Thursday, August 11th will be given a dividend of $0.75 per share on Thursday, August 25th. This represents a $3.00 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Wednesday, August 10th.
Read our dividend analysis for SCCO.

Southern Copper (NYSE:SCCO) pays an annual dividend of $3.00 per share and currently has a dividend yield of 6.14%. SCCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.37%. 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 109.89% 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 retail and institutional investors. Top institutional shareholders include AdvisorNet Financial Inc (0.00%) and Confluence Investment Management LLC (0.00%). Insiders that own company stock include Andreve Vicente Ariztegui, Bonilla Luis Miguel Palomino, German Larrea Mota Velasco, Perez Alfredo Casar and Sanchez Mejorada Enri Castillo.
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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 $48.63.

Southern Copper (NYSE:SCCO) has a market capitalization of $37.60 billion and generates $10.93 billion in revenue each year. The basic materials company earns $3.40 billion in net income (profit) each year or $3.78 on an earnings per share basis.

The company employs 14,700 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.