Brokers Issue Forecasts for Southern Copper FY2026 Earnings

Southern Copper Co. (NYSE:SCCO - Free Report) - Analysts at Scotiabank issued their FY2026 earnings estimates for shares of Southern Copper in a research note issued on Wednesday, January 8th. Scotiabank analyst A. Salazar forecasts that the basic materials company will post earnings per share of $4.81 for the year. Scotiabank currently has a "Sector Underperform" rating and a $52.00 target price on the stock. The consensus estimate for Southern Copper's current full-year earnings is $4.45 per share.

A number of other brokerages have also recently commented on SCCO. JPMorgan Chase & Co. raised shares of Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 price objective on the stock in a research note on Monday, December 2nd. Morgan Stanley raised shares of Southern Copper from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. Finally, Citigroup increased their price objective on shares of Southern Copper from $99.44 to $100.00 and gave the company a "sell" rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $94.81.

Southern Copper Price Performance

Shares of SCCO traded down $1.02 during trading hours on Friday, reaching $94.58. The company had a trading volume of 985,916 shares, compared to its average volume of 946,169. The firm has a 50 day simple moving average of $99.25 and a 200-day simple moving average of $104.64. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $74.30 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.56 and a beta of 1.14. Southern Copper has a 12-month low of $77.14 and a 12-month high of $129.79.

Southern Copper Announces Dividend

The business also recently announced a -- dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 6th were given a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper's dividend payout ratio is presently 72.16%.

Institutional Investors Weigh In On Southern Copper

Hedge funds have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV raised its holdings in Southern Copper by 172.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company's stock valued at $26,000 after buying an additional 141 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Southern Copper in the second quarter worth $31,000. McClarren Financial Advisors Inc. boosted its holdings in Southern Copper by 169.2% in the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company's stock worth $33,000 after purchasing an additional 181 shares during the period. Oakworth Capital Inc. acquired a new position in shares of Southern Copper during the third quarter valued at $42,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Southern Copper during the third quarter valued at $47,000. 7.94% of the stock is owned by institutional investors and hedge funds.

About Southern Copper

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.