Southern Copper - SCCO Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last twelve months. There are currently 3 sell ratings, 3 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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8 analysts have issued 1 year target prices for Southern Copper's shares. Their SCCO share price forecasts range from $50.00 to $69.00. On average, they predict the company's stock price to reach $57.86 in the next twelve months. This suggests that the stock has a possible downside of 18.9%.
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Southern Copper's stock was trading at $60.39 on January 1st, 2023. Since then, SCCO shares have increased by 18.2% and is now trading at $71.36.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our SCCO earnings forecast.

Southern Copper Co. (NYSE:SCCO) announced its quarterly earnings results on Sunday, October, 31st. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.12. The basic materials company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.67 billion. Southern Copper had a trailing twelve-month return on equity of 33.31% and a net margin of 26.26%.

Southern Copper announced a quarterly dividend on Thursday, January 26th. Stockholders of record on Tuesday, February 14th will be given a dividend of $1.00 per share on Wednesday, March 1st. This represents a $4.00 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Monday, February 13th. This is a positive change from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for SCCO.

ETFs with the largest weight of Southern Copper (NYSE:SCCO) stock in their portfolio include iShares MSCI Peru ETF (EPU), Optica Rare Earths & Critical Materials ETF (CRIT), Global X Copper Miners ETF (COPX), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Global X Disruptive Materials ETF (DMAT), The Acquirers Fund (ZIG), BrandywineGLOBALDynamic US Large Cap Value ETF (DVAL) and Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA).

Southern Copper (NYSE:SCCO) pays an annual dividend of $4.00 per share and currently has a dividend yield of 5.63%. SCCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 116.96%. 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 97.09% 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 institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.43%), Price T Rowe Associates Inc. MD (0.42%), Morgan Stanley (0.23%), Mirae Asset Global Investments Co. Ltd. (0.19%), Personal Capital Advisors Corp (0.18%) and Marathon Asset Management Ltd (0.17%). 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 $71.36.

Southern Copper (NYSE:SCCO) has a market capitalization of $55.17 billion and generates $10.05 billion in revenue each year. The basic materials company earns $2.64 billion in net income (profit) each year or $3.42 on an earnings per share basis.

The company employs 15,018 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.