Southern Copper Corp Given New $46.00 Price Target at Jefferies Group (SCCO)
Research analysts at Jefferies Group decreased their price objective on shares of Southern Copper Corp (NASDAQ:SCCO) from $47.00 to $46.00 in a report released on Tuesday. Jefferies Group’s price target would suggest a potential upside of 38.97% from the company’s current price.
In other Southern Copper Corp news, Director Morales Luis Castelazo sold 1,000 shares of Southern Copper Corp stock on the open market in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $33.80, for a total transaction of $33,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Southern Copper Corp (NASDAQ:SCCO) traded up 0.33% during mid-day trading on Tuesday, hitting $33.209. The stock had a trading volume of 174,772 shares. Southern Copper Corp has a 52 week low of $24.50 and a 52 week high of $33.90. The stock’s 50-day moving average is $30.33 and its 200-day moving average is $29.55. The company has a market cap of $27.678 billion and a P/E ratio of 19.21.
Southern Copper Corp (NASDAQ:SCCO) last announced its earnings results on Tuesday, May 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.05. On average, analysts predict that Southern Copper Corp will post $1.74 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SCCO. Analysts at BMO Capital Markets upgraded shares of Southern Copper Corp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 7th. They now have a $40.00 price target on the stock, up previously from $30.00. Separately, analysts at TheStreet downgraded shares of Southern Copper Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Finally, analysts at Bank of America downgraded shares of Southern Copper Corp from a “buy” rating to a “neutral” rating in a research note on Thursday, April 24th. They now have a $32.00 price target on the stock, down previously from $32.50. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.88.
Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.