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NYSE:SCCO

Southern Copper - SCCO Stock Forecast, Price & News

$49.18
+0.58 (+1.19%)
(As of 08/12/2022 05:25 PM ET)
Add
Compare
Today's Range
$47.95
$49.24
50-Day Range
$45.94
$64.89
52-Week Range
$44.70
$79.32
Volume
891,715 shs
Average Volume
1.33 million shs
Market Capitalization
$38.02 billion
P/E Ratio
13.01
Dividend Yield
6.17%
Price Target
$53.80

Southern Copper MarketRank™ Forecast

Analyst Rating
Reduce
1.40 Rating Score
Upside/​Downside
9.4% Upside
$53.80 Price Target
Short Interest
Bearish
7.59% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-7.09
Upright™ Environmental Score
News Sentiment
0.01mentions of Southern Copper in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.60%
From $3.36 to $3.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.43 out of 5 stars

Basic Materials Sector

143rd out of 172 stocks

Metal Mining Industry

14th out of 18 stocks

SCCO stock logo

About Southern Copper (NYSE:SCCO) Stock

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 two operating 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 82,134 hectares of exploration concessions in Peru; 493,533 hectares of exploration concessions in Mexico; 246,346 hectares of exploration concessions in Argentina; 29,888 hectares of exploration concessions in Chile; and 7,299 hectares of exploration concessions in Ecuador. Southern Copper Corporation was incorporated in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation operates as a subsidiary of Americas Mining Corporation.

Analyst Ratings Changes

SCCO has been the topic of a number of research analyst reports. Barclays cut their target price on Southern Copper to $50.00 in a research report on Tuesday. Morgan Stanley dropped their price target on Southern Copper from $66.00 to $52.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 22nd. StockNews.com cut Southern Copper from a "buy" rating to a "hold" rating in a research report on Saturday, August 6th. Citigroup cut Southern Copper from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $70.00 to $40.00 in a research report on Wednesday, July 13th. Finally, Wolfe Research cut Southern Copper from a "peer perform" rating to an "underperform" rating in a research report on Thursday, July 7th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, Southern Copper has a consensus rating of "Hold" and an average price target of $53.80.

Southern Copper Stock Performance

NYSE:SCCO opened at $48.60 on Friday. The company has a current ratio of 3.29, a quick ratio of 2.58 and a debt-to-equity ratio of 0.81. The business's 50 day moving average is $51.97 and its two-hundred day moving average is $62.23. Southern Copper has a 12-month low of $44.70 and a 12-month high of $79.32. The stock has a market capitalization of $37.57 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.72 and a beta of 1.12.

Southern Copper Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Wednesday, August 10th. Southern Copper's dividend payout ratio (DPR) is 132.28%.

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SCCO Stock News Headlines

How Does Freeport McMoran Inc Compare to Its Sector Competitors? (SCCO)
Freeport McMoran Inc recently reported its earnings with mixed results. Investors may be interested to see how this company's performance compares to its peers.
Southern Copper Co. (SCCO) To Go Ex-Dividend on August 10th
Analyzing Southern Copper's Short Interest
Southern Copper Enters Oversold Territory
How safe is Southern Copper's dividend?
COPX: Playing Copper's Comeback
See More Headlines
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SCCO Company Calendar

Last Earnings
10/31/2021
Ex-Dividend for 5/31 Dividend
5/16/2022
Dividend Payable
5/31/2022
Ex-Dividend for 8/25 Dividend
8/10/2022
Today
8/12/2022
Dividend Payable
8/25/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Diversified Metals & Mining
CUSIP
84265V10
Employees
14,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$53.80
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+9.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.40
Research Coverage
5 Analysts

Profitability

Net Income
$3.40 billion
Pretax Margin
47.10%

Debt

Sales & Book Value

Annual Sales
$10.93 billion
Cash Flow
$5.54 per share
Book Value
$9.94 per share

Miscellaneous

Free Float
772,469,000
Market Cap
$38.02 billion
Optionable
Optionable
Beta
1.12

Key Executives

  • Mr. Oscar Gonzalez Rocha (Age 84)
    Pres, CEO & Director
    Comp: $1.46M
  • Mr. Raul Jacob Ruisanchez (Age 64)
    VP of Fin., Treasurer & CFO
    Comp: $442.96k
  • Ms. Lina A. Vingerhoets Vilca (Age 61)
    Comptroller
    Comp: $269.16k
  • Mr. Edgard Corrales Aguilar (Age 66)
    VP of Exploration
    Comp: $406.02k
  • Mr. Julian Jorge Lazalde Psihas (Age 54)
    Sec.
    Comp: $320.47k
  • Mr. Victor Pedraglio
    Mang. of Financial Planning & Investor Relations
  • Mr. Andres Carlos Ferrero Ghislieri (Age 53)
    Gen. Counsel & Assistant Sec.













SCCO Stock - Frequently Asked Questions

Should I buy or sell Southern Copper stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last year. There are currently 3 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" SCCO shares.
View SCCO analyst ratings
or view top-rated stocks.

What is Southern Copper's stock price forecast for 2022?

5 Wall Street research analysts have issued 1 year price objectives for Southern Copper's stock. Their SCCO share price forecasts range from $40.00 to $65.00. On average, they predict the company's share price to reach $53.80 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
View analysts price targets for SCCO
or view top-rated stocks among Wall Street analysts.

How have SCCO shares performed in 2022?

Southern Copper's stock was trading at $61.71 at the beginning of 2022. Since then, SCCO shares have decreased by 20.8% and is now trading at $48.89.
View the best growth stocks for 2022 here
.

Are investors shorting Southern Copper?

Southern Copper saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 5,890,000 shares, an increase of 25.9% from the June 30th total of 4,680,000 shares. Based on an average trading volume of 1,500,000 shares, the short-interest ratio is currently 3.9 days. Approximately 6.9% of the shares of the stock are sold short.
View Southern Copper's Short Interest
.

When is Southern Copper's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SCCO earnings forecast
.

How were Southern Copper's earnings last quarter?

Southern Copper Co. (NYSE:SCCO) posted its quarterly earnings data 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 analysts' expectations of $2.67 billion. Southern Copper had a trailing twelve-month return on equity of 36.17% and a net margin of 27.59%.

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

Southern Copper announced 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 dividend yield of 6.14%. The ex-dividend date is Wednesday, August 10th.
Read our dividend analysis for SCCO
.

Is Southern Copper a good dividend stock?

Southern Copper (NYSE:SCCO) pays an annual dividend of $3.00 per share and currently has a dividend yield of 6.21%. 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 88.76% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SCCO.

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), 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).

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 variety of institutional and retail investors. Top institutional shareholders include Marathon Asset Management Ltd (0.20%), Mirae Asset Global Investments Co. Ltd. (0.17%), Personal Capital Advisors Corp (0.16%), RWC Asset Advisors US LLC (0.11%), Allspring Global Investments Holdings LLC (0.10%) and Grantham Mayo Van Otterloo & Co. LLC (0.08%). 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Southern Copper's stock price today?

One share of SCCO stock can currently be purchased for approximately $48.89.

How much money does Southern Copper make?

Southern Copper (NYSE:SCCO) has a market capitalization of $37.80 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.

How many employees does Southern Copper have?

The company employs 14,700 workers across the globe.

How can I contact Southern Copper?

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.

This page (NYSE:SCCO) was last updated on 8/12/2022 by MarketBeat.com Staff

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