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Southern Copper (SCCO) Stock Forecast & Price Target

$104.30
+0.32 (+0.31%)
(As of 07/19/2024 ET)

Southern Copper - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 8 Wall Street analysts who have issued ratings for Southern Copper in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 8 analysts, 5 have given a sell rating, 1 has given a hold rating, and 2 have given a buy rating for SCCO.

Consensus Price Target

$89.57
-14.12% Downside
High Forecast$130.00
Average Forecast$89.57
Low Forecast$54.00

According to the 8 analysts' twelve-month price targets for Southern Copper, the average price target is $89.57. The highest price target for SCCO is $130.00, while the lowest price target for SCCO is $54.00. The average price target represents a forecasted downside of -14.12% from the current price of $104.30.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Reduce
Reduce
Sell
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
3 Hold rating(s)
Sell
5 Sell rating(s)
5 Sell rating(s)
5 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$89.57$84.50$76.00$62.86
Forecasted Upside-14.12% Downside-23.33% Downside-24.27% Downside-12.76% Downside
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SCCO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SCCO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Southern Copper Stock vs. The Competition

TypeSouthern CopperBasic Materials CompaniesS&P 500
Consensus Rating Score
1.63
2.64
2.51
Consensus RatingReduceModerate BuyModerate Buy
Predicted Upside-14.12% Downside387.35% Upside10.07% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024UBS Group
4 of 5 stars
M. Allsop
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Initiated CoverageNeutral$120.00+4.77%
6/21/2024Morgan Stanley
3 of 5 stars
 Boost TargetUnderweight ➝ Underweight$81.70 ➝ $100.00-9.55%
5/21/2024Scotiabank
5 of 5 stars
 Lower TargetSector Underperform ➝ Sector Underperform$55.00 ➝ $54.00-57.22%
4/24/2024CICC Research
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 Initiated CoverageOutperform
4/22/2024HSBC
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 DowngradeHold ➝ Reduce$80.00-29.47%
3/22/2024The Goldman Sachs Group
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 Boost TargetSell ➝ Sell$61.00 ➝ $82.00-21.44%
3/22/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$91.00 ➝ $130.00+25.64%
3/21/2024JPMorgan Chase & Co.
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 Lower TargetUnderweight ➝ Underweight$63.50 ➝ $61.00-40.90%
5/3/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$55.00 ➝ $56.00-27.10%
4/21/2023Barclays
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 Boost TargetEqual Weight$53.00 ➝ $64.00-20.70%
1/11/2023Citigroup
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 Boost Target$40.00 ➝ $60.00-16.46%
1/11/2023Wolfe Research
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 UpgradeUnderperform ➝ Peer Perform
11/28/2022Grupo Santander
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Rafael Barcellos
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UpgradeNeutral ➝ Outperform$60.00 ➝ $69.00+19.46%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:05 PM ET.

SCCO Forecast - Frequently Asked Questions

What is Southern Copper's forecast for 2024?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Southern Copper is $89.57, with a high forecast of $130.00 and a low forecast of $54.00.

Should I buy or sell Southern Copper stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last twelve months. There are currently 5 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" SCCO shares.

Does Southern Copper's stock price have much downside?

According to analysts, Southern Copper's stock has a predicted downside of -19.18% based on their 12-month stock forecasts.

Has Southern Copper been downgraded by Wall Street analysts recently?

Over the previous 90 days, Southern Copper's stock had 1 downgrade by analysts.

What analysts cover Southern Copper?

Southern Copper has been rated by research analysts at CICC Research, HSBC, Morgan Stanley, Scotiabank, and UBS Group in the past 90 days.

Do Wall Street analysts like Southern Copper more than its competitors?

Analysts like Southern Copper less than other "basic materials" companies. The consensus rating for Southern Copper is Reduce while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how SCCO compares to other companies.


This page (NYSE:SCCO) was last updated on 7/21/2024 by MarketBeat.com Staff

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