Southern Copper (SCCO) Stock Forecast & Price Target

$94.10

-2.56 (-2.65%)

(As of 09/6/2024 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

Reduce
Based on 8 Analyst Ratings

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
-4.81% 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 -4.81% from the current price of $94.10.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Reduce	Reduce	Reduce	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)	2 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)
Sell	5 Sell rating(s)	5 Sell rating(s)	5 Sell rating(s)	4 Sell rating(s)
Consensus Price Target	$89.57	$89.57	$90.33	$61.94
Forecasted Upside	-4.81% Downside	-19.18% Downside	-19.00% Downside	-15.49% 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.

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.

Southern Copper Stock vs. The Competition

Type	Southern Copper	Basic Materials Companies	S&P 500
Consensus Rating Score	1.63	2.69	2.51
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	-4.81% Downside	192.84% Upside	11.36% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/12/2024	UBS Group 4 of 5 stars	M. Allsop Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$120.00	+4.77%
6/21/2024	Morgan Stanley 3 of 5 stars		Boost Target	Underweight ➝ Underweight	$81.70 ➝ $100.00	-9.55%
5/21/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Underperform ➝ Sector Underperform	$55.00 ➝ $54.00	-57.22%
4/24/2024	CICC Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
4/22/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Reduce	$80.00	-29.47%
3/22/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$61.00 ➝ $82.00	-21.44%
Get the Latest News and Ratings for SCCO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Southern Copper and its competitors with MarketBeat's FREE daily newsletter.
3/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$91.00 ➝ $130.00	+25.64%
3/21/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$63.50 ➝ $61.00	-40.90%
5/3/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$55.00 ➝ $56.00	-27.10%
4/21/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$53.00 ➝ $64.00	-20.70%
1/11/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$40.00 ➝ $60.00	-16.46%
1/11/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
11/28/2022	Grupo Santander Subscribe to MarketBeat All Access for the recommendation accuracy rating	Rafael Barcellos Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ 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 Saturday at 09:31 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 year. 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.
What analysts cover Southern Copper?: Southern Copper has been rated by research analysts at Morgan Stanley, 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.