Southern Copper Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Southern Copper stock. 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.
View analyst ratings for Southern Copper or view top-rated stocks.

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Southern Copper saw a increase in short interest in the month of August. As of August 13th, there was short interest totaling 4,940,000 shares, an increase of 14.4% from the July 29th total of 4,320,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 5.8% of the shares of the company are sold short.
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Southern Copper is scheduled to release its next quarterly earnings announcement on Monday, October 25th 2021.
View our earnings forecast for Southern Copper.

Southern Copper Co. (NYSE:SCCO) announced its quarterly earnings data on Monday, July, 26th. The basic materials company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.06. The basic materials company earned $2.90 billion during the quarter, compared to analyst estimates of $2.83 billion. Southern Copper had a net margin of 28.18% and a trailing twelve-month return on equity of 37.37%.
View Southern Copper's earnings history.

Southern Copper's stock was trading at $31.53 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SCCO shares have increased by 85.6% and is now trading at $58.51.
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Southern Copper declared a quarterly dividend on Monday, July 26th. Investors of record on Thursday, August 12th will be paid a dividend of $0.90 per share on Thursday, August 26th. This represents a $3.60 annualized dividend and a dividend yield of 6.15%. The ex-dividend date is Wednesday, August 11th. This is a boost from Southern Copper's previous quarterly dividend of $0.70.
View Southern Copper's dividend history.

Southern Copper pays an annual dividend of $3.60 per share and currently has a dividend yield of 6.09%. SCCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Southern Copper is 177.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Southern Copper will have a dividend payout ratio of 79.82% in the coming year. This indicates that Southern Copper may not be able to sustain their current dividend.
View Southern Copper's dividend history.

4 brokerages have issued 1 year price targets for Southern Copper's shares. Their forecasts range from $55.00 to $70.00. On average, they anticipate Southern Copper's stock price to reach $64.63 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
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Some companies that are related to Southern Copper include Freeport-McMoRan (FCX), Compass Minerals International (CMP), Ferroglobe (GSM), Materion (MTRN), U.S. Silica (SLCA), SunCoke Energy (SXC), United States Antimony (UAMY), General Moly (GMO) and Revett Minerals (RVM).
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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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.84%), Fisher Asset Management LLC (0.49%), State Street Corp (0.37%), Price T Rowe Associates Inc. MD (0.35%), Bank of America Corp DE (0.26%) and Bank of America Corp DE (0.26%). Company insiders that own Southern Copper 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 for Southern Copper.

SCCO stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, State Street Corp, Goldman Sachs Group Inc., Connor Clark & Lunn Investment Management Ltd., abrdn plc, Marshall Wace LLP, Marshall Wace LLP, and BlackRock Inc.. Company insiders that have sold Southern Copper company stock in the last year include Andreve Vicente Ariztegui, Bonilla Luis Miguel Palomino, and German Larrea Mota Velasco.
View insider buying and selling activity for Southern Copper or view top insider-selling stocks.

SCCO stock was purchased by a variety of institutional investors in the last quarter, including Susquehanna International Group LLP, Renaissance Technologies LLC, Bank of America Corp DE, Bank of America Corp DE, Credit Suisse AG, Neuberger Berman Group LLC, Amundi, and Citadel Advisors LLC.
View insider buying and selling activity for Southern Copper or or view top insider-buying stocks.

Shares of SCCO 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 $58.51.

Southern Copper has a market capitalization of $45.23 billion and generates $7.98 billion in revenue each year. The basic materials company earns $1.57 billion in net income (profit) each year or $2.03 on an earnings per share basis.

Southern Copper employs 13,777 workers across the globe.

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

Southern Copper is headquartered at 1440 EAST MISSOURI AVENUE SUITE 160, PHOENIX AZ, 85014.

Southern Copper's mailing address is 1440 EAST 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].