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NYSE:SCCO

Southern Copper (SCCO) Stock Price, News & Analysis

Southern Copper logo
$93.01 +1.03 (+1.12%)
(As of 12/20/2024 04:33 PM ET)

About Southern Copper Stock (NYSE:SCCO)

Key Stats

Today's Range
$91.56
$93.72
50-Day Range
$91.98
$117.56
52-Week Range
$77.14
$129.79
Volume
998,545 shs
Average Volume
1.12 million shs
Market Capitalization
$73.06 billion
P/E Ratio
23.95
Dividend Yield
3.01%
Price Target
$94.81
Consensus Rating
Reduce

Company Overview

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 is a subsidiary of Americas Mining Corporation.

Southern Copper Stock Analysis - MarketRank™

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50th Percentile Overall Score

SCCO MarketRank™: 

Southern Copper scored higher than 50% of companies evaluated by MarketBeat, and ranked 137th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Southern Copper has received a consensus rating of Reduce. The company's average rating score is 1.78, and is based on 2 buy ratings, 3 hold ratings, and 4 sell ratings.

  • Amount of Analyst Coverage

    Southern Copper has only been the subject of 4 research reports in the past 90 days.

  • Read more about Southern Copper's stock forecast and price target.
  • Earnings Growth

    Earnings for Southern Copper are expected to grow by 3.60% in the coming year, from $4.45 to $4.61 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Southern Copper is 23.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Southern Copper is 23.95, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 112.72.

  • Price to Earnings Growth Ratio

    Southern Copper has a PEG Ratio of 1.56. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Southern Copper has a P/B Ratio of 9.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    7.73% of the float of Southern Copper has been sold short.
  • Short Interest Ratio / Days to Cover

    Southern Copper has a short interest ratio ("days to cover") of 6.6.
  • Change versus previous month

    Short interest in Southern Copper has recently decreased by 5.61%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Southern Copper pays a meaningful dividend of 3.04%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Southern Copper does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Southern Copper is 72.16%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Southern Copper will have a dividend payout ratio of 60.74% next year. This indicates that Southern Copper will be able to sustain or increase its dividend.

  • Read more about Southern Copper's dividend.
  • Percentage of Shares Shorted

    7.73% of the float of Southern Copper has been sold short.
  • Short Interest Ratio / Days to Cover

    Southern Copper has a short interest ratio ("days to cover") of 6.6.
  • Change versus previous month

    Short interest in Southern Copper has recently decreased by 5.61%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Southern Copper has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Southern Copper this week, compared to 6 articles on an average week.
  • Search Interest

    Only 9 people have searched for SCCO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Southern Copper to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Southern Copper insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,422.00 in company stock.

  • Percentage Held by Insiders

    Only 0.08% of the stock of Southern Copper is held by insiders.

  • Percentage Held by Institutions

    Only 7.94% of the stock of Southern Copper is held by institutions.

  • Read more about Southern Copper's insider trading history.
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SCCO Stock News Headlines

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SCCO Stock Analysis - Frequently Asked Questions

Southern Copper's stock was trading at $86.07 on January 1st, 2024. Since then, SCCO shares have increased by 8.1% and is now trading at $93.01.
View the best growth stocks for 2024 here
.

Southern Copper Co. (NYSE:SCCO) issued its earnings results on Tuesday, October, 24th. The basic materials company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.08. The basic materials company earned $2.51 billion during the quarter, compared to the consensus estimate of $2.49 billion. Southern Copper had a net margin of 27.67% and a trailing twelve-month return on equity of 37.11%.

Southern Copper's top institutional investors include Fisher Asset Management LLC (0.38%), abrdn plc (0.35%), State Street Corp (0.35%) and Mawer Investment Management Ltd. (0.21%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Southern Copper investors own include Cuisine Solutions (CUSI), InnerScope Hearing Technologies (INND), UnitedHealth Group (UNH), Johnson & Johnson (JNJ), Gilead Sciences (GILD), Corning (GLW) and Devon Energy (DVN).

Company Calendar

Last Earnings
10/24/2023
Ex-Dividend for 11/21 Dividend
11/06/2024
Dividend Payable
11/21/2024
Today
12/21/2024
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
$94.81
High Stock Price Target
$130.00
Low Stock Price Target
$52.00
Potential Upside/Downside
+1.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.78
Research Coverage
9 Analysts

Profitability

Net Income
$2.43 billion
Pretax Margin
44.78%

Debt

Sales & Book Value

Annual Sales
$10.94 billion
Cash Flow
$3.88 per share
Book Value
$9.58 per share

Miscellaneous

Free Float
784,912,000
Market Cap
$73.06 billion
Optionable
Optionable
Beta
1.14
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This page (NYSE:SCCO) was last updated on 12/22/2024 by MarketBeat.com Staff
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