Southern Copper FY2025 EPS Estimate Reduced by Scotiabank

Southern Copper Co. (NYSE:SCCO - Free Report) - Stock analysts at Scotiabank decreased their FY2025 EPS estimates for Southern Copper in a report released on Wednesday, March 19th. Scotiabank analyst A. Salazar now expects that the basic materials company will post earnings per share of $4.58 for the year, down from their previous forecast of $4.71. Scotiabank currently has a "Sector Underperform" rating and a $72.00 target price on the stock. The consensus estimate for Southern Copper's current full-year earnings is $4.66 per share. Scotiabank also issued estimates for Southern Copper's FY2026 earnings at $4.69 EPS.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%.

Several other brokerages have also issued reports on SCCO. Morgan Stanley upgraded shares of Southern Copper from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. upgraded shares of Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 target price for the company in a research report on Monday, December 2nd. Finally, UBS Group upgraded Southern Copper from a "neutral" rating to a "buy" rating and set a $120.00 price target on the stock in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $94.42.

Remove Ads

Southern Copper Price Performance

NYSE SCCO traded down $0.80 during trading hours on Monday, hitting $96.90. The company had a trading volume of 1,330,386 shares, compared to its average volume of 1,168,863. The firm has a 50 day simple moving average of $94.50 and a 200 day simple moving average of $100.68. The firm has a market capitalization of $77.15 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.90 and a beta of 1.12. Southern Copper has a 52 week low of $84.33 and a 52 week high of $127.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77.

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Tuesday, February 11th. This is a positive change from Southern Copper's previous quarterly dividend of $0.60. Southern Copper's payout ratio is 64.81%.

Hedge Funds Weigh In On Southern Copper

Several institutional investors and hedge funds have recently bought and sold shares of SCCO. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Southern Copper in the fourth quarter worth $30,000. Deseret Mutual Benefit Administrators grew its stake in shares of Southern Copper by 210.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company's stock worth $35,000 after purchasing an additional 257 shares during the last quarter. IFP Advisors Inc increased its holdings in Southern Copper by 143.4% during the 4th quarter. IFP Advisors Inc now owns 477 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 281 shares during the period. Larson Financial Group LLC raised its position in Southern Copper by 578.3% during the 3rd quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 347 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in shares of Southern Copper during the 4th quarter valued at about $47,000. 7.94% of the stock is currently owned by institutional investors.

Southern Copper Company Profile

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, copper, molybdenum, silver, gold, and lead.