Southern Copper (SCCO) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" SCCO shares.
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7 Wall Street analysts have issued 12 month target prices for Southern Copper's stock. Their SCCO share price forecasts range from $51.00 to $74.00. On average, they expect the company's stock price to reach $62.86 in the next year. This suggests that the stock has a possible downside of 23.5%.
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Southern Copper's stock was trading at $60.39 at the beginning of the year. Since then, SCCO stock has increased by 36.0% and is now trading at $82.15.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our SCCO earnings forecast.

Southern Copper Co. (NYSE:SCCO) posted its quarterly earnings data on Sunday, October, 31st. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.12. The basic materials company had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.67 billion. Southern Copper had a net margin of 27.62% and a trailing twelve-month return on equity of 34.86%.

Southern Copper declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Wednesday, August 9th will be given a dividend of $1.00 per share on Wednesday, August 23rd. This represents a $4.00 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, August 8th. This is a positive change from the stock's previous quarterly dividend of $0.95.
Read our dividend analysis for SCCO.

ETFs with the largest weight of Southern Copper (NYSE:SCCO) stock in their portfolio include iShares MSCI Peru and Global Exposure ETF (EPU), Optica Rare Earths & Critical Materials ETF (CRIT), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Global X Copper Miners ETF (COPX), Global X Disruptive Materials ETF (DMAT), iShares Copper and Metals Mining ETF (ICOP), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH) and iShares MSCI Frontier and Select EM ETF (FM).

Southern Copper (NYSE:SCCO) pays an annual dividend of $4.00 per share and currently has a dividend yield of 4.87%. SCCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 111.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SCCO will have a dividend payout ratio of 93.90% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SCCO.

Based on aggregate information from My MarketBeat watchlists, some companies that other Southern Copper investors own include Alibaba Group (BABA), NVIDIA (NVDA), B2Gold (BTG), Freeport-McMoRan (FCX), Applied Materials (AMAT), Intel (INTC), Newmont (NEM), Compañía de Minas Buenaventura S.A.A. (BVN), JPMorgan Chase & Co. (JPM) and General Electric (GE).

Southern Copper trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCCO."

Southern Copper's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (0.96%), Fisher Asset Management LLC (0.43%), abrdn plc (0.40%), Marathon Asset Management Ltd (0.15%), Mirae Asset Global Investments Co. Ltd. (0.14%) and Allspring Global Investments Holdings LLC (0.11%). Insiders that own company stock include Andreve Vicente Ariztegui, Bonilla Luis Miguel Palomino and German Larrea Mota Velasco.
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Shares of SCCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SCCO stock can currently be purchased for approximately $82.15.

Southern Copper (NYSE:SCCO) has a market capitalization of $63.51 billion and generates $10.05 billion in revenue each year. The basic materials company earns $2.64 billion in net income (profit) each year or $3.60 on an earnings per share basis.

The company employs 15,018 workers across the globe.

Southern Copper's mailing address is 1440 EAST MISSOURI AVENUE SUITE 160, PHOENIX AZ, 85014. The official website for the company is www.southerncoppercorp.com. The basic materials company can be reached via phone at (602) 264-1375, via email at southerncopper@southernperu.com, or via fax at 602-264-1397.