Southern Copper - SCCO Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last twelve months. There are currently 3 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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7 brokerages have issued 12 month target prices for Southern Copper's shares. Their SCCO share price forecasts range from $40.00 to $69.00. On average, they anticipate the company's stock price to reach $53.83 in the next year. This suggests that the stock has a possible downside of 12.8%.
View analysts price targets for SCCO or view top-rated stocks among Wall Street analysts.

Southern Copper's stock was trading at $61.71 at the beginning of 2022. Since then, SCCO shares have increased by 0.1% and is now trading at $61.76.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our SCCO earnings forecast.

Southern Copper Co. (NYSE:SCCO) issued its earnings results on Friday, October, 28th. The basic materials company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.12. The basic materials company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.32 billion. Southern Copper had a trailing twelve-month return on equity of 32.37% and a net margin of 25.56%.

Southern Copper declared a quarterly dividend on Thursday, October 20th. Investors of record on Wednesday, November 9th will be given a dividend of $0.50 per share on Wednesday, November 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, November 8th.
Read our dividend analysis for SCCO.

Southern Copper (NYSE:SCCO) pays an annual dividend of $2.00 per share and currently has a dividend yield of 3.29%. The dividend payout ratio is 60.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SCCO will have a dividend payout ratio of 69.93% next year. This indicates that the company will be able to sustain or increase its 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.85%), Price T Rowe Associates Inc. MD (0.56%), Fisher Asset Management LLC (0.45%), State Street Corp (0.33%), Marathon Asset Management Ltd (0.18%) and Personal Capital Advisors Corp (0.18%). Insiders that own company stock include Andreve Vicente Ariztegui, Bonilla Luis Miguel Palomino, German Larrea Mota Velasco and Perez Alfredo Casar.
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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 $61.76.

Southern Copper (NYSE:SCCO) has a market capitalization of $47.75 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 $3.33 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.