Southern Copper Corporation (NYSE:SCCO – Free Report) – Research analysts at Scotiabank issued their FY2026 EPS estimates for shares of Southern Copper in a report issued on Tuesday, October 13th. Scotiabank analyst A. Salazar forecasts that the basic materials company will earn $7.95 per share for the year. The consensus estimate for Southern Copper’s current full-year earnings is $7.94 per share. Scotiabank also issued estimates for Southern Copper’s FY2027 earnings at $7.85 EPS.
Several other equities research analysts have also issued reports on SCCO. Wall Street Zen raised shares of Southern Copper from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Morgan Stanley reissued an “underweight” rating and issued a $170.00 target price on shares of Southern Copper in a research note on Wednesday, October 7th. Zacks Research lowered shares of Southern Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Barclays set a $164.03 price target on shares of Southern Copper and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Finally, UBS Group reaffirmed a “sell” rating and set a $180.00 price target (up from $160.00) on shares of Southern Copper in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Southern Copper presently has a consensus rating of “Reduce” and an average target price of $156.02.
View Our Latest Analysis on SCCO
Southern Copper Trading Up 0.6%
Shares of SCCO stock opened at $201.87 on Friday. The company has a quick ratio of 4.56, a current ratio of 5.06 and a debt-to-equity ratio of 0.63. Southern Copper has a fifty-two week low of $119.25 and a fifty-two week high of $223.88. The firm’s 50 day moving average price is $201.24 and its two-hundred day moving average price is $187.25. The stock has a market cap of $168.43 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11.
Southern Copper (NYSE:SCCO – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.93 by $0.06. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.37 billion. Southern Copper had a net margin of 35.87% and a return on equity of 49.04%. The company’s revenue was up 40.6% compared to the same quarter last year.
Hedge Funds Weigh In On Southern Copper
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Southern Copper in the second quarter valued at approximately $1,729,500,000. Bank of America Corp DE purchased a new stake in shares of Southern Copper during the second quarter valued at approximately $318,448,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Southern Copper by 2.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,290,648 shares of the basic materials company’s stock valued at $224,908,000 after purchasing an additional 27,744 shares during the period. Legal & General Group Plc purchased a new stake in shares of Southern Copper during the second quarter valued at approximately $149,739,000. Finally, Bollard Group LLC lifted its position in shares of Southern Copper by 14.0% during the first quarter. Bollard Group LLC now owns 861,950 shares of the basic materials company’s stock worth $148,307,000 after purchasing an additional 105,763 shares in the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.
Insider Activity at Southern Copper
In related news, Director Luis Palomino Bonilla sold 202 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $196.79, for a total transaction of $39,751.28. Following the sale, the director directly owned 1,723 shares in the company, valued at approximately $339,066.65. This trade represents a 10.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 704 shares of company stock worth $138,077. Company insiders own 0.07% of the company’s stock.
Southern Copper Company Profile
Southern Copper Corp. is an integrated copper producer engaged in the exploration, mining, processing, smelting and refining of copper and other minerals. Its principal products include copper cathodes, copper concentrates, molybdenum, zinc, silver and lead. The company also produces sulfuric acid and other byproducts through its metallurgical operations.
Southern Copper operates major mining and processing assets in Mexico and Peru. Its Mexican operations include the Buenavista del Cobre and La Caridad mining complexes, while its Peruvian operations include the Cuajone and Toquepala mines.
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