Southern Copper Co. (NYSE:SCCO) Receives $94.81 Consensus PT from Analysts

Southern Copper Co. (NYSE:SCCO - Get Free Report) has been assigned an average rating of "Reduce" from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $94.81.

A number of equities research analysts recently issued reports on SCCO shares. JPMorgan Chase & Co. raised shares of Southern Copper from an "underweight" rating to a "neutral" rating and set a $92.50 price target 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 decreased their price objective for the company from $106.30 to $102.00 in a report on Thursday, December 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV increased its holdings in shares of 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 purchasing an additional 141 shares during the last quarter. McClarren Financial Advisors Inc. increased its stake in shares of Southern Copper by 169.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company's stock worth $33,000 after acquiring an additional 181 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Southern Copper during the 4th quarter worth $30,000. Oakworth Capital Inc. acquired a new position in shares of Southern Copper during the 3rd quarter valued at about $42,000. Finally, Deseret Mutual Benefit Administrators grew its holdings 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 valued at $35,000 after purchasing an additional 257 shares during the period. 7.94% of the stock is owned by hedge funds and other institutional investors.

Southern Copper Stock Performance

SCCO traded up $1.30 on Monday, reaching $97.68. The stock had a trading volume of 1,089,122 shares, compared to its average volume of 1,186,355. The business's 50-day moving average price is $94.83 and its two-hundred day moving average price is $101.94. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. Southern Copper has a 12-month low of $78.82 and a 12-month high of $129.79. The company has a market cap of $76.73 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.89 and a beta of 1.13.

Southern Copper (NYSE:SCCO - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. Sell-side analysts forecast that Southern Copper will post 4.66 earnings per share for the current year.

Southern Copper Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Tuesday, February 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This is a positive change from Southern Copper's previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 2.87%. Southern Copper's payout ratio is presently 64.81%.

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.