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NYSE:SCCO

Southern Copper (SCCO) Stock Price, News & Analysis

$94.10
-2.56 (-2.65%)
(As of 09/6/2024 ET)
Today's Range
$93.71
$97.00
50-Day Range
$94.12
$116.75
52-Week Range
$68.93
$129.79
Volume
772,264 shs
Average Volume
1.17 million shs
Market Capitalization
$73.51 billion
P/E Ratio
31.28
Dividend Yield
2.55%
Price Target
$89.57

Southern Copper MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.63 Rating Score
Upside/​Downside
4.8% Downside
$89.57 Price Target
Short Interest
Bearish
7.20% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.98
Upright™ Environmental Score
News Sentiment
1.09mentions of Southern Copper in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$31,473 Sold Last Quarter
Proj. Earnings Growth
16.17%
From $4.33 to $5.03 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.78 out of 5 stars

Basic Materials Sector

113th out of 180 stocks

Metal Mining Industry

10th out of 26 stocks

SCCO stock logo

About Southern Copper Stock (NYSE:SCCO)

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. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant in Mexico. The company also operates Buenavista, an open-pit copper mine, as well as two copper concentrators and two operating SX-EW plants in Mexico. In addition, it operates underground mines that produce zinc, lead, copper, silver, and gold; a coal mine; and a zinc refinery. The company has interests in 156,818 hectares and 502,688 hectares of concessions in Peru and Mexico; and 168,200 hectares and 28,453 hectares of exploration concessions in Argentina and Chile. Southern Copper Corporation was incorporated in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation operates as a subsidiary of Americas Mining Corporation.

SCCO Stock Price History

SCCO Stock News Headlines

The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Southern Copper (NYSE:SCCO) Shares Gap Down to $105.66
TECK Aug 2024 46.000 put (TECK240830P00046000)
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
0L8B.IL,0P0001HCYG,463 (0L8B.IL)
VALE Aug 2024 13.500 call
Jefferies Keeps Their Buy Rating on Southern Copper (SCCO)
See More Headlines
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Company Calendar

Last Earnings
7/19/2024
Ex-Dividend for 8/26 Dividend
8/09/2024
Dividend Payable
8/26/2024
Today
9/07/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Diversified Metals & Mining
CUSIP
84265V10
Employees
15,810
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$89.57
High Stock Price Target
$130.00
Low Stock Price Target
$54.00
Potential Upside/Downside
-4.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.63
Research Coverage
8 Analysts

Profitability

Net Income
$2.43 billion
Pretax Margin
42.69%

Debt

Sales & Book Value

Annual Sales
$10.52 billion
Cash Flow
$3.86 per share
Book Value
$9.58 per share

Miscellaneous

Free Float
780,531,000
Market Cap
$73.51 billion
Optionable
Optionable
Beta
1.17
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Key Executives

  • Mr. Raul Jacob Ruisanchez (Age 66)
    VP of Finance, Treasurer & CFO
    Comp: $408.65k
  • Ms. Lina A. Vingerhoets Vilca (Age 63)
    Comptroller
    Comp: $236.39k
  • Mr. Edgard Corrales Aguilar (Age 68)
    Vice President of Exploration
    Comp: $347.13k
  • Mr. Julian Jorge Lazalde Psihas (Age 56)
    Secretary
    Comp: $443.25k
  • Mr. Oscar Gonzalez Rocha (Age 86)
    President, CEO & Director
    Comp: $1.22M
  • Mr. Victor Pedraglio
    Manager of Financial Planning & Investor Relations
  • Mr. Andres Carlos Ferrero Ghislieri (Age 55)
    General Counsel

Should I Buy Southern Copper Stock? SCCO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Southern Copper Co.:

  • Southern Copper announced a quarterly dividend of $0.60 per share, representing a $2.40 annualized dividend and a dividend yield of 2.47%. This consistent dividend payout can provide investors with a steady income stream.
  • Recent analyst reports have shown positive sentiment towards Southern Copper, with some analysts issuing "outperform" ratings on the stock. This indicates potential growth and value appreciation.
  • The company has a strong market capitalization of $75.83 billion, reflecting its stability and position in the industry.
  • Despite fluctuations, Southern Copper's stock price has shown resilience, with a one-year high of $129.79. This demonstrates the potential for capital gains for investors.
  • Southern Copper has a history of increasing its dividend by an average of 38.7% annually over the last three years, showcasing a commitment to rewarding shareholders.

Cons

Investors should be bearish about investing in Southern Copper Co. for these reasons:

  • Several equities research analysts have rated the stock with a sell rating, indicating potential risks and challenges in the company's performance.
  • HSBC downgraded Southern Copper from a "hold" rating to a "reduce" rating, suggesting a cautious approach towards the stock's future prospects.
  • The company's PE ratio of 33.21 and a price-to-earnings-growth ratio of 1.04 may indicate that the stock is currently overvalued, potentially limiting upside potential.
  • Scotiabank dropped their target price on Southern Copper, signaling concerns about the company's performance and outlook within the sector.
  • While the stock has shown resilience, the current trading price of $97.07 is below the one-year high, indicating potential volatility and downside risk.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 25, 2024. Please send any questions or comments about these Southern Copper pros and cons to contact@marketbeat.com.

SCCO Stock Analysis - Frequently Asked Questions

How have SCCO shares performed this year?

Southern Copper's stock was trading at $86.07 at the beginning of 2024. Since then, SCCO shares have increased by 9.3% and is now trading at $94.10.
View the best growth stocks for 2024 here
.

How were Southern Copper's earnings last quarter?

Southern Copper Co. (NYSE:SCCO) announced its earnings results on Friday, July, 19th. The basic materials company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.09. The basic materials company earned $3.12 billion during the quarter, compared to the consensus estimate of $2.96 billion. Southern Copper had a trailing twelve-month return on equity of 34.98% and a net margin of 26.15%.

Who are Southern Copper's major shareholders?

Top institutional investors of Southern Copper include Mawer Investment Management Ltd. (0.25%), Driehaus Capital Management LLC (0.09%), Allspring Global Investments Holdings LLC (0.08%) and 1832 Asset Management L.P. (0.07%). Insiders that own company stock include Andreve Vicente Ariztegui, Sanchez Mejorada Enri Castillo, Bonilla Luis Miguel Palomino, PALOMINO BONILLA LUIS MIGUEL and German Larrea Mota Velasco.
View institutional ownership trends
.

How do I buy shares of Southern Copper?

Shares of SCCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Southern Copper own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Southern Copper investors own include Alibaba Group (BABA), NVIDIA (NVDA), B2Gold (BTG), Freeport-McMoRan (FCX), Applied Materials (AMAT), Intel (INTC) and Newmont (NEM).

This page (NYSE:SCCO) was last updated on 9/7/2024 by MarketBeat.com Staff

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