Southern Copper Co. (NYSE:SCCO) Given Consensus Recommendation of “Strong Sell” by Analysts

Southern Copper Co. (NYSE:SCCO) has been given a consensus rating of “Strong Sell” by the six analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $76.00.

Several brokerages have recently weighed in on SCCO. Scotiabank upped their price objective on shares of Southern Copper from $53.00 to $55.00 and gave the company a “sector underperform” rating in a report on Thursday, April 18th. The Goldman Sachs Group boosted their price objective on Southern Copper from $61.00 to $82.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Jefferies Financial Group upgraded Southern Copper from a “hold” rating to a “buy” rating and increased their target price for the stock from $91.00 to $130.00 in a report on Friday, March 22nd. HSBC lowered shares of Southern Copper from a “hold” rating to a “reduce” rating and set a $80.00 price target for the company. in a research note on Monday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Southern Copper from $63.50 to $61.00 and set an “underweight” rating on the stock in a research note on Thursday, March 21st.

Hedge Funds Weigh In On Southern Copper

Several institutional investors have recently modified their holdings of the business. Nilsine Partners LLC increased its position in shares of Southern Copper by 1.9% during the 1st quarter. Nilsine Partners LLC now owns 5,719 shares of the basic materials company’s stock valued at $609,000 after purchasing an additional 109 shares during the last quarter. Wahed Invest LLC grew its position in Southern Copper by 9.0% during the fourth quarter. Wahed Invest LLC now owns 1,451 shares of the basic materials company’s stock valued at $125,000 after buying an additional 120 shares during the period. Janiczek Wealth Management LLC increased its holdings in Southern Copper by 11.5% during the fourth quarter. Janiczek Wealth Management LLC now owns 1,227 shares of the basic materials company’s stock worth $106,000 after buying an additional 127 shares during the last quarter. CWM LLC raised its position in Southern Copper by 3.3% in the fourth quarter. CWM LLC now owns 4,329 shares of the basic materials company’s stock worth $373,000 after acquiring an additional 137 shares during the period. Finally, First National Trust Co boosted its stake in Southern Copper by 0.4% in the fourth quarter. First National Trust Co now owns 37,134 shares of the basic materials company’s stock valued at $3,196,000 after acquiring an additional 150 shares during the last quarter. 7.94% of the stock is owned by institutional investors.

Southern Copper Trading Down 1.6 %

NYSE SCCO opened at $111.59 on Tuesday. Southern Copper has a one year low of $64.66 and a one year high of $120.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 3.19 and a quick ratio of 2.46. The business has a 50 day simple moving average of $97.35 and a 200 day simple moving average of $84.65. The stock has a market capitalization of $86.27 billion, a P/E ratio of 35.54, a P/E/G ratio of 3.25 and a beta of 1.29.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.15). Southern Copper had a return on equity of 30.85% and a net margin of 24.51%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.37 billion. Research analysts expect that Southern Copper will post 3.95 earnings per share for the current year.

Southern Copper Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 13th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.20 annualized dividend and a yield of 2.87%. Southern Copper’s dividend payout ratio (DPR) is 101.91%.

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, copper, molybdenum, silver, gold, and lead.