Southern Copper (SCCO) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $116.13 to $118.19
• 50-Day Range: $94.12 to $120.41
• 52-Week Range: $68.93 to $129.79
• Volume: 957,876 shs
• Average Volume: 1.18 million shs
• Market Capitalization: $92.14 billion
• P/E Ratio: 39.20
• Dividend Yield: 2.03%
• Price Target: $90.88
• Consensus Rating: Reduce

Southern Copper Stock Analysis - MarketRank™

Southern Copper scored higher than 58% of companies evaluated by MarketBeat, and ranked 124th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Southern Copper has received a consensus rating of Reduce. The company's average rating score is 1.56, and is based on 2 buy ratings, 1 hold rating, and 6 sell ratings.

Amount of Analyst Coverage

Southern Copper has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.97%

Earnings Growth

Earnings for Southern Copper are expected to grow by 15.97% in the coming year, from $4.32 to $5.01 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Southern Copper is 39.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.41.

Price to Earnings Ratio vs. Sector

The P/E ratio of Southern Copper is 39.20, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 120.64.

Price to Earnings Growth Ratio

Southern Copper has a PEG Ratio of 1.23. 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 12.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.84% 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 6.3.

Change versus previous month

Short interest in Southern Copper has recently increased by 6.77%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Southern Copper pays a meaningful dividend of 2.05%, 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 79.73%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Southern Copper will have a dividend payout ratio of 47.90% next year. This indicates that Southern Copper will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -4.98

Percentage of Shares Shorted

7.84% 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 6.3.

Change versus previous month

Short interest in Southern Copper has recently increased by 6.77%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.00

News Sentiment

Southern Copper has a news sentiment score of 1.00. 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 0.43 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Southern Copper this week, compared to 5 articles on an average week.

Search Interest

15 people have searched for SCCO on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

4 people have added Southern Copper to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

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 $42,423.00 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.

SCCO Stock Analysis - Frequently Asked Questions

How have SCCO shares performed this year?

Southern Copper's stock was trading at $86.07 on January 1st, 2024. Since then, SCCO stock has increased by 37.0% and is now trading at $117.95.
View the best growth stocks for 2024 here.

How were Southern Copper's earnings last quarter?

Southern Copper Co. (NYSE:SCCO) announced its quarterly earnings results on Friday, July, 19th. The basic materials company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.09. The basic materials company earned $3.12 billion during the quarter, compared to analyst estimates 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 Handelsbanken Fonder AB (0.01%), SG Americas Securities LLC and Massmutual Trust Co. FSB ADV. Insiders that own company stock include Andreve Vicente Ariztegui, Sanchez Mejorada Enri Castillo, PALOMINO BONILLA LUIS MIGUEL, Bonilla Luis Miguel Palomino 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).

Company Calendar

• Last Earnings: 7/19/2024
• Ex-Dividend for 8/26 Dividend: 8/09/2024
• Dividend Payable: 8/26/2024
• Today: 10/06/2024
• Next Earnings (Estimated): 10/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Metal mining
• Sub-Industry: Diversified Metals & Mining
• Current Symbol: NYSE:SCCO
• CUSIP: 84265V10
• CIK: 1001838
• Web: www.southerncoppercorp.com
• Phone: (602) 264-1375
• Fax: 602-264-1397
• Employees: 15,810
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $90.88
• High Stock Price Target: $130.00
• Low Stock Price Target: $54.00
• Potential Upside/Downside: -23.0%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.56
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.01
• Trailing P/E Ratio: 39.20
• Forward P/E Ratio: 27.30
• P/E Growth: 1.23
• Net Income: $2.43 billion
• Net Margins: 26.15%
• Pretax Margin: 42.69%
• Return on Equity: 34.98%
• Return on Assets: 16.12%

Debt

• Debt-to-Equity Ratio: 0.67
• Current Ratio: 2.81
• Quick Ratio: 2.27

Sales & Book Value

• Annual Sales: $10.52 billion
• Price / Sales: 8.76
• Cash Flow: $4.14 per share
• Price / Cash Flow: 28.49
• Book Value: $9.58 per share
• Price / Book: 12.31

Miscellaneous

• Outstanding Shares: 781,156,000
• Free Float: 780,531,000
• Market Cap: $92.14 billion
• Optionable: Optionable
• Beta: 1.18