Southern Copper Corp (NYSE:SCCO) Given Average Rating of “Hold” by Analysts

Southern Copper Corp (NYSE:SCCO) has received an average recommendation of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $51.95.

SCCO has been the subject of a number of research analyst reports. ValuEngine raised shares of Southern Copper from a “sell” rating to a “hold” rating in a research note on Monday, June 17th. Macquarie initiated coverage on shares of Southern Copper in a research note on Wednesday, July 10th. They set an “underperform” rating and a $35.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Southern Copper from a “strong-buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a research note on Tuesday, June 4th.

NYSE:SCCO traded down $1.44 on Friday, reaching $33.11. The stock had a trading volume of 1,110,036 shares, compared to its average volume of 694,976. The stock has a market cap of $27.67 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.05 and a beta of 0.89. The company has a current ratio of 2.24, a quick ratio of 1.91 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $37.69. Southern Copper has a 12-month low of $29.01 and a 12-month high of $47.70.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Wednesday, August 7th. Southern Copper’s dividend payout ratio is currently 80.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of SCCO. Yorktown Management & Research Co Inc purchased a new position in shares of Southern Copper during the 2nd quarter valued at approximately $490,000. Coastal Investment Advisors Inc. boosted its stake in shares of Southern Copper by 63.8% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,310 shares of the basic materials company’s stock valued at $52,000 after buying an additional 510 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of Southern Copper by 0.5% during the 2nd quarter. TD Asset Management Inc. now owns 335,500 shares of the basic materials company’s stock valued at $13,034,000 after buying an additional 1,600 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Southern Copper by 87.7% during the 2nd quarter. Janus Henderson Group PLC now owns 30,692 shares of the basic materials company’s stock valued at $1,192,000 after buying an additional 14,337 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Southern Copper by 20.3% during the 2nd quarter. Advisor Group Inc. now owns 9,464 shares of the basic materials company’s stock valued at $368,000 after buying an additional 1,599 shares during the last quarter. 6.84% of the stock is owned by institutional investors.

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 and lead.

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Analyst Recommendations for Southern Copper (NYSE:SCCO)

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