NYSE:SCCOSouthern Copper Stock Price, Forecast & News

$36.30

-0.49 (-1.33 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$35.55

Now: $36.30▼

$36.93

50-Day Range

$28.36

MA: $32.59▼

$36.79

52-Week Range

$23.43

Now: $36.30▼

$44.82

Volume1.41 million shs

Average Volume695,911 shs

Market Capitalization$28.06 billion

P/E Ratio21.35

Dividend Yield2.17%

Beta1.05

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 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 three SX-EW plants in Mexico. In addition, it operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery. The company has interests in 37,622 hectares of exploration concessions in Peru; 147,974 hectares of exploration concessions in Mexico; 63,453 hectares of exploration concessions in Argentina; 42,615 hectares of exploration concessions in Chile; and 7,298 hectares of exploration concessions in Ecuador. Southern Copper Corporation was founded in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation is a subsidiary of Americas Mining Corporation.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Southern Copper has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.86, Southern Copper has a potential downside of 4.0% from its current price of $36.30.
Amount of Analyst Coverage
Southern Copper has only been the subject of 4 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Southern Copper has received 370 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Southern Copper has received 509 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Southern Copper has received 57.91% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Southern Copper and other stocks. Vote “Outperform” if you believe SCCO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SCCO will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Southern Copper is a leading dividend payer. It pays a dividend yield of 2.17%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Southern Copper has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Southern Copper is 41.67 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Southern Copper will have a dividend payout ratio of 49.69 % next year. This indicates that Southern Copper will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Southern Copper insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $367,118.00 in company stock.
Percentage Held by Insiders
Only 0.46% of the stock of Southern Copper is held by insiders.
Percentage Held by Institutions
Only 6.85% of the stock of Southern Copper is held by institutions.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Southern Copper are expected to grow by 49.07% in the coming year, from $1.08 to $1.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Southern Copper is 21.35, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of Southern Copper is 21.35, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 20.18.
Price to Earnings Growth Ratio
Southern Copper has a PEG Ratio of 2.68. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Southern Copper has a P/B Ratio of 4.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.66 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Metal mining

Sub-IndustryDiversified Metals & Mining

SectorBasic Materials

Current SymbolNYSE:SCCO

Previous Symbol

CUSIP84265V10

CIK1001838

Webwww.southerncoppercorp.com

Phone602-264-1375

Debt

Debt-to-Equity Ratio0.97

Current Ratio2.98

Quick Ratio2.21

Price-To-Earnings

Trailing P/E Ratio21.35

Forward P/E Ratio33.61

P/E Growth2.68

Sales & Book Value

Annual Sales$7.29 billion

Price / Sales3.85

Cash Flow$2.87 per share

Price / Cash Flow12.64

Book Value$8.75 per share

Price / Book4.15

Profitability

EPS (Most Recent Fiscal Year)$1.92

Net Income$1.49 billion

Net Margins18.10%

Return on Equity19.25%

Return on Assets8.14%

Miscellaneous

Employees14,301

Outstanding Shares773,060,000

Market Cap$28.06 billion

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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Southern Copper (NYSE:SCCO) Frequently Asked Questions

How has Southern Copper's stock been impacted by COVID-19 (Coronavirus)?

Southern Copper's stock was trading at $31.53 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SCCO stock has increased by 15.1% and is now trading at $36.30. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Southern Copper?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Southern Copper.

When is Southern Copper's next earnings date?

Southern Copper is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Southern Copper.

How were Southern Copper's earnings last quarter?

Southern Copper Corp (NYSE:SCCO) announced its quarterly earnings results on Monday, April, 27th. The basic materials company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.39 by $0.11. The basic materials company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.64 billion. Southern Copper had a net margin of 18.10% and a return on equity of 19.25%. View Southern Copper's earnings history.

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

Southern Copper declared a quarterly dividend on Monday, April 27th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.20 per share on Tuesday, May 26th. This represents a $0.80 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, May 12th. View Southern Copper's dividend history.

What price target have analysts set for SCCO?

8 Wall Street analysts have issued 12-month price targets for Southern Copper's stock. Their forecasts range from $24.00 to $46.00. On average, they expect Southern Copper's stock price to reach $34.86 in the next twelve months. This suggests that the stock has a possible downside of 4.0%. View analysts' price targets for Southern Copper.

Has Southern Copper been receiving favorable news coverage?

News articles about SCCO stock have trended very negative recently, InfoTrie reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Southern Copper earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the basic materials company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the stock's share price in the near future. View the latest news aboutSouthern Copper.

Are investors shorting Southern Copper?

Southern Copper saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 5,470,000 shares, a decrease of 5.9% from the April 15th total of 5,810,000 shares. Based on an average daily volume of 997,400 shares, the days-to-cover ratio is presently 5.5 days. Currently, 6.7% of the company's stock are short sold. View Southern Copper's Current Options Chain.

Who are some of Southern Copper's key competitors?

Some companies that are related to Southern Copper include Freeport-McMoRan (FCX), Compass Minerals International (CMP), Materion (MTRN), SunCoke Energy (SXC), U.S. Silica (SLCA), Ferroglobe (GSM), General Moly (GMO), United States Antimony (UAMY) and Revett Mining Company, Inc. (DE) (RVM). View all competitors.

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), Applied Materials (AMAT), Freeport-McMoRan (FCX), Intel (INTC), Compania de Minas Buenaventura SAA (BVN), General Electric (GE), Barrick Gold (GOLD) and Newmont Goldcorp (NEM).

Who are Southern Copper's key executives?

Southern Copper's management team includes the following people:

Mr. Oscar González Rocha, Pres, CEO & Director (Age 80)
Mr. Raul Jacob Ruisanchez, VP of Fin., Treasurer & CFO (Age 61)
Ms. Lina Vingerhoets Vilca, Comptroller & Principal Accounting Officer (Age 58)
Mr. Edgard Corrales Aguilar, VP of Exploration (Age 63)
Mr. Julián Jorge Lazalde Psihas, Sec. (Age 51)

What is Southern Copper's stock symbol?

Southern Copper trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCCO."

Who are Southern Copper's major shareholders?

Southern Copper's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.81%), State Street Corp (0.51%), Fisher Asset Management LLC (0.44%), Personal Capital Advisors Corp (0.16%), Parametric Portfolio Associates LLC (0.16%) and Morgan Stanley (0.15%). Company insiders that own Southern Copper stock include Perez Alfredo Casar, Quintanilla Daniel Muniz and Sanchez Mejorada Enri Castillo. View institutional ownership trends for Southern Copper.

Which major investors are selling Southern Copper stock?

SCCO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Invesco Ltd., Fisher Asset Management LLC, Alliancebernstein L.P., AQR Capital Management LLC, KBC Group NV, Russell Investments Group Ltd., and APG Asset Management N.V.. Company insiders that have sold Southern Copper company stock in the last year include Perez Alfredo Casar, and Sanchez Mejorada Enri Castillo. View insider buying and selling activity for Southern Copper.

Which major investors are buying Southern Copper stock?

SCCO stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Wellington Management Group LLP, RWC Asset Advisors US LLC, 1832 Asset Management L.P., Grantham Mayo Van Otterloo & Co. LLC, State Street Corp, and Wells Fargo & Company MN. View insider buying and selling activity for Southern Copper.

How do I buy shares of Southern Copper?

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

What is Southern Copper's stock price today?

One share of SCCO stock can currently be purchased for approximately $36.30.

How big of a company is Southern Copper?

Southern Copper has a market capitalization of $28.06 billion and generates $7.29 billion in revenue each year. The basic materials company earns $1.49 billion in net income (profit) each year or $1.92 on an earnings per share basis. Southern Copper employs 14,301 workers across the globe.

What is Southern Copper's official website?

The official website for Southern Copper is www.southerncoppercorp.com.

How can I contact Southern Copper?

Southern Copper's mailing address is 1440 E. MISSOURI AVENUE SUITE 160, PHOENIX AZ, 85014. The basic materials company can be reached via phone at 602-264-1375 or via email at [email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff