Scotiabank Predicts Increased Earnings for Southern Copper

Southern Copper Corporation (NYSE:SCCO) – Equities researchers at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of Southern Copper in a report released on Thursday, June 18th. Scotiabank analyst A. Salazar now anticipates that the basic materials company will post earnings per share of $7.75 for the year, up from their previous estimate of $6.86. Scotiabank has a “Underperform” rating and a $140.00 price target on the stock. The consensus estimate for Southern Copper’s current full-year earnings is $7.62 per share. Scotiabank also issued estimates for Southern Copper’s FY2027 earnings at $7.45 EPS.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley increased their target price on Southern Copper from $155.00 to $160.00 and gave the stock an “underweight” rating in a research report on Thursday, April 9th. UBS Group increased their price objective on Southern Copper from $140.00 to $145.00 and gave the stock a “sell” rating in a report on Thursday, May 21st. Barclays assumed coverage on Southern Copper in a research note on Thursday, May 21st. They issued an “underweight” rating and a $148.00 target price for the company. Wall Street Zen downgraded shares of Southern Copper from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Southern Copper from $127.00 to $131.50 and gave the stock an “underweight” rating in a report on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Southern Copper has a consensus rating of “Reduce” and an average price target of $145.94.

Southern Copper Stock Performance

NYSE SCCO opened at $192.98 on Monday. The firm has a market cap of $159.41 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. The company has a quick ratio of 3.89, a current ratio of 4.38 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $184.81 and its 200-day moving average is $177.71. Southern Copper has a 12-month low of $88.73 and a 12-month high of $223.88.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SCCO. Pacer Advisors Inc. boosted its position in Southern Copper by 19.9% in the first quarter. Pacer Advisors Inc. now owns 412,868 shares of the basic materials company’s stock valued at $71,038,000 after buying an additional 68,518 shares in the last quarter. Empowered Funds LLC raised its position in Southern Copper by 896.1% in the 1st quarter. Empowered Funds LLC now owns 50,422 shares of the basic materials company’s stock worth $8,676,000 after purchasing an additional 45,360 shares during the last quarter. Parallel Advisors LLC boosted its position in Southern Copper by 3.8% in the 1st quarter. Parallel Advisors LLC now owns 4,816 shares of the basic materials company’s stock valued at $829,000 after buying an additional 178 shares during the last quarter. BankChampaign National Association acquired a new stake in shares of Southern Copper in the 1st quarter valued at $600,000. Finally, Amundi boosted its holdings in Southern Copper by 3.6% in the first quarter. Amundi now owns 449,320 shares of the basic materials company’s stock valued at $77,310,000 after acquiring an additional 15,664 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Insider Activity

In related news, Director Bonilla Luis Miguel Palomino sold 200 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $177.82, for a total value of $35,564.00. Following the completion of the transaction, the director directly owned 1,807 shares in the company, valued at approximately $321,320.74. This represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 404 shares of company stock worth $74,108 in the last quarter. Insiders own 0.07% of the company’s stock.

Southern Copper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, May 13th. Southern Copper’s dividend payout ratio (DPR) is presently 66.12%.

Southern Copper Company Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.