Southern Copper Corp Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:SCCO)
Shares of Southern Copper Corp (NASDAQ:SCCO) have been given an average rating of “Hold” by the twelve brokerages that are covering the stock, American Banking & Market News reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.88.
A number of research firms have recently commented on SCCO. Analysts at Jefferies Group cut their price target on shares of Southern Copper Corp from $47.00 to $46.00 in a research note on Tuesday. Separately, 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. Finally, 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.
Shares of Southern Copper Corp (NASDAQ:SCCO) opened at 32.32 on Tuesday. Southern Copper Corp has a 52 week low of $24.50 and a 52 week high of $33.90. The stock has a 50-day moving average of $30.66 and a 200-day moving average of $29.67. The company has a market cap of $26.937 billion and a price-to-earnings ratio of 18.86.
Southern Copper Corp (NASDAQ:SCCO) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.05. Analysts expect that Southern Copper Corp will post $1.75 EPS for the current fiscal year.
In other Southern Copper Corp news, Director Morales Luis Castelazo sold 1,000 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $33.80, for a total value of $33,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer.
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