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 2 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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7 brokerages have issued twelve-month target prices for Southern Copper's shares. Their SCCO share price forecasts range from $50.00 to $69.00. On average, they anticipate the company's stock price to reach $59.00 in the next year. This suggests that the stock has a possible downside of 22.5%.
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Southern Copper's stock was trading at $60.39 on January 1st, 2023. Since then, SCCO stock has increased by 26.0% and is now trading at $76.11.
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Southern Copper Co. (NYSE:SCCO) posted its quarterly earnings data on Sunday, October, 31st. The basic materials company reported $1.12 earnings per share 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 32.37% and a net margin of 25.56%.

Southern Copper declared a quarterly dividend on Thursday, January 26th. Investors of record on Tuesday, February 14th will be paid a dividend of $1.00 per share on Wednesday, March 1st. This represents a $4.00 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend is Monday, February 13th. This is an increase from the stock's previous quarterly dividend of $0.50.
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 2.66%. The company does not yet have a strong track record of dividend growth. 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 61.73% 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 many different institutional and retail investors. Top institutional shareholders include RWC Asset Advisors US LLC (0.14%), Allspring Global Investments Holdings LLC (0.13%), Capital Advisors Inc. OK (0.05%), Sumitomo Mitsui Trust Holdings Inc. (0.03%), New York State Common Retirement Fund (0.02%) and MUFG Securities EMEA plc (0.02%). 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 $76.11.

Southern Copper (NYSE:SCCO) has a market capitalization of $58.84 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.