Southern Copper Corp Given Average Rating of “Hold” by Analysts (NASDAQ:SCCO)
Shares of Southern Copper Corp (NASDAQ:SCCO) have received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the company, American Banking & Market News reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $37.40.
A number of research firms have recently commented on SCCO. Analysts at Morgan Stanley downgraded shares of Southern Copper Corp to an “underweight” rating in a research note on Wednesday, August 13th. They now have a $40.00 price target on the stock, down previously from $46.00. Separately, analysts at FBR Capital Markets downgraded shares of Southern Copper Corp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 6th. They now have a $35.00 price target on the stock, down previously from $37.00. Finally, analysts at Credit Suisse raised their price target on shares of Southern Copper Corp from $38.00 to $41.00 in a research note on Tuesday, August 5th.
In other Southern Copper Corp news, Chairman German Larrea Mota Velasco acquired 155,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were purchased at an average price of $32.46 per share, with a total value of $5,031,300.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Southern Copper Corp (NASDAQ:SCCO) opened at 32.81 on Tuesday. Southern Copper Corp has a one year low of $24.50 and a one year high of $33.90. The stock’s 50-day moving average is $32.48 and its 200-day moving average is $30.51. The company has a market cap of $27.307 billion and a price-to-earnings ratio of 19.23.
Southern Copper Corp (NASDAQ:SCCO) last posted its quarterly earnings results on Monday, August 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.04. Analysts expect that Southern Copper Corp will post $1.75 EPS for the current fiscal year.
Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer.
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