Southern Copper (SCCO) Stock Forecast & Price Target

$98.54 -3.47 (-3.40%)

(As of 11/26/2024 05:54 PM ET)

Southern Copper - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 9 Analyst Ratings

Sell
6

Hold
1

Buy
2

Based on 9 Wall Street analysts who have issued ratings for Southern Copper in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 9 analysts, 6 have given a sell rating, 1 has given a hold rating, and 2 have given a buy rating for SCCO.

Consensus Price Target

$90.63
-8.03% Downside

According to the 9 analysts' twelve-month price targets for Southern Copper, the average price target is $90.63. The highest price target for SCCO is $130.00, while the lowest price target for SCCO is $52.00. The average price target represents a forecasted downside of -8.03% from the current price of $98.54.

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SCCO Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	6 Sell rating(s)	6 Sell rating(s)	5 Sell rating(s)	4 Sell rating(s)
Consensus Price Target	$90.63	$90.63	$89.57	$64.50
Forecasted Upside	-8.03% Downside	-21.04% Downside	-11.70% Downside	-10.22% Downside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

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SCCO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SCCO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Southern Copper Stock vs. The Competition

Type	Southern Copper	Basic Materials Companies	S&P 500
Consensus Rating Score	1.56	2.76	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	-8.03% Downside	129.41% Upside	6.71% Upside
News Sentiment Rating	Positive News See Recent SCCO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Underperform ➝ Sector Underperform	$54.00 ➝ $52.00	-53.43%
10/2/2024	Citigroup 3 of 5 stars		Boost Target	Sell ➝ Sell	$99.44 ➝ $100.00	-14.74%
9/19/2024	Morgan Stanley 3 of 5 stars		Boost Target	Underweight ➝ Underweight	$97.00 ➝ $100.00	-4.55%
7/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Allsop Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$120.00	+4.77%
4/24/2024	CICC Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
4/22/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Reduce	$80.00	-29.47%
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3/22/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$61.00 ➝ $82.00	-21.44%
3/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$91.00 ➝ $130.00	+25.64%
3/21/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$63.50 ➝ $61.00	-40.90%
5/3/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$55.00 ➝ $56.00	-27.10%
4/21/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$53.00 ➝ $64.00	-20.70%
1/11/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
11/28/2022	Grupo Santander Subscribe to MarketBeat All Access for the recommendation accuracy rating	Rafael Barcellos Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$60.00 ➝ $69.00	+19.46%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:32 AM ET.

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

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 Saturday, November 23, 2024. Please send any questions or comments about these Southern Copper pros and cons to contact@marketbeat.com.

Southern Copper
Bull Case

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

Southern Copper Co. has a current stock price of $100.68, which reflects a strong market position and investor interest.
The company has a solid dividend yield of 2.1%, providing a steady income stream for investors, which is particularly attractive in a volatile market.
Recent institutional investments indicate confidence in Southern Copper Co., with significant stakes acquired by firms like Los Angeles Capital Management LLC, which increased its holdings by 21.7%.
Southern Copper Co. operates in multiple countries, including Peru and Mexico, diversifying its revenue sources and reducing dependence on any single market.
Analysts have a consensus rating of "Hold" with a target price of $90.63, suggesting that while there may be some caution, there is also potential for stability and growth.

Southern Copper
Bear Case

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

Several analysts have issued sell ratings, indicating potential concerns about the company's future performance, with firms like Citigroup and Morgan Stanley setting price targets around $100.
The company's dividend payout ratio is 72.16%, which may suggest that a significant portion of earnings is being distributed to shareholders, potentially limiting funds available for reinvestment in growth.
Southern Copper Co. has experienced a decline in stock price from its 1-year high of $129.79, which may indicate a bearish trend that could concern investors.
Market analysts have noted a sector underperformance rating from Scotiabank, which could reflect broader industry challenges that may impact Southern Copper Co.'s profitability.
With a debt-to-equity ratio of 0.64, while manageable, it indicates that the company is using some leverage, which could pose risks if market conditions worsen.

SCCO Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Southern Copper is $90.63, with a high forecast of $130.00 and a low forecast of $52.00.
: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last year. There are currently 6 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" SCCO shares.
: According to analysts, Southern Copper's stock has a predicted downside of -8.03% based on their 12-month stock forecasts.
: Southern Copper has been rated by research analysts at Citigroup, Morgan Stanley, and Scotiabank in the past 90 days.
: Analysts like Southern Copper less than other "basic materials" companies. The consensus rating for Southern Copper is Reduce while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how SCCO compares to other companies.

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This page (NYSE:SCCO) was last updated on 11/27/2024 by MarketBeat.com Staff

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Southern Copper (SCCO) Stock Forecast & Price Target