Southern Copper Stock Forecast, Price & News

Southern Copper's stock was trading at $31.53 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SCCO stock has increased by 59.4% and is now trading at $50.27.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last year. There are currently 4 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Southern Copper.

Southern Copper is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Southern Copper.

Southern Copper Co. (NYSE:SCCO) posted its quarterly earnings results on Tuesday, July, 28th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.07. The basic materials company earned $1.79 billion during the quarter, compared to the consensus estimate of $1.22 billion. Southern Copper had a net margin of 16.20% and a return on equity of 17.10%.
View Southern Copper's earnings history.

Southern Copper announced a quarterly dividend on Monday, July 27th. Stockholders of record on Wednesday, August 12th will be paid a dividend of $0.40 per share on Tuesday, August 25th. This represents a $1.60 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Tuesday, August 11th. This is an increase from Southern Copper's previous quarterly dividend of $0.20.
View Southern Copper's dividend history.

8 brokers have issued twelve-month target prices for Southern Copper's stock. Their forecasts range from $24.00 to $45.00. On average, they anticipate Southern Copper's share price to reach $36.83 in the next twelve months. This suggests that the stock has a possible downside of 26.7%.
View analysts' price targets for Southern Copper.

Southern Copper saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,630,000 shares, a drop of 13.7% from the August 31st total of 6,520,000 shares. Based on an average daily volume of 791,600 shares, the days-to-cover ratio is currently 7.1 days. Currently, 6.9% of the company's shares are sold short.
View Southern Copper's Short Interest.

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), United States Antimony (UAMY), General Moly (GMO) and Revett Mining Company, Inc. (DE) (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 Goldcorp (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 investors include Candriam Luxembourg S.C.A. (0.06%), Denali Advisors LLC (0.02%), Assenagon Asset Management S.A. (0.01%), United Capital Management of KS Inc. (0.01%), Asio Capital LLC (0.01%) and Hexavest Inc. (0.00%). Company insiders that own Southern Copper stock include Bonilla Luis Miguel Palomino, 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 Candriam Luxembourg S.C.A., Denali Advisors LLC, Hexavest Inc., Pacer Advisors Inc., and Envestnet Asset Management Inc.. Company insiders that have sold Southern Copper company stock in the last year include Bonilla Luis Miguel Palomino, Perez Alfredo Casar, and Sanchez Mejorada Enri Castillo.
View insider buying and selling activity for Southern Copper.

SCCO stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., United Capital Management of KS Inc., Standard Life Aberdeen plc, Campbell & CO Investment Adviser LLC, Avantax Advisory Services Inc., Crossmark Global Holdings Inc., Asio Capital LLC, and Cerebellum GP LLC.
View insider buying and selling activity for 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.

One share of SCCO stock can currently be purchased for approximately $50.27.

Southern Copper has a market capitalization of $38.86 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.

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

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]