Southern Copper Corp (NYSE:SCCO) Receives Consensus Rating of “Hold” from Analysts

Southern Copper Corp (NYSE:SCCO) has earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $51.95.

A number of equities research analysts have recently commented on SCCO shares. Zacks Investment Research raised Investar from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, June 4th. ValuEngine raised United Overseas Bank from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. HSBC reaffirmed a “hold” rating on shares of Deutsche Bank in a research report on Tuesday, March 19th. Finally, Macquarie started coverage on Lundin Mining in a research report on Wednesday. They set a “neutral” rating on the stock.

Southern Copper stock traded up $0.02 during mid-day trading on Tuesday, hitting $36.87. The stock had a trading volume of 571,965 shares, compared to its average volume of 676,511. The firm’s 50-day moving average is $36.82. The firm has a market cap of $28.50 billion, a PE ratio of 18.44, a PEG ratio of 1.20 and a beta of 0.86. Southern Copper has a 12 month low of $29.01 and a 12 month high of $49.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.83 and a quick ratio of 1.91.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings results on Monday, April 29th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.04). The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.85 billion. Southern Copper had a net margin of 20.84% and a return on equity of 22.04%. Research analysts forecast that Southern Copper will post 2.27 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in SCCO. Toronto Dominion Bank bought a new position in Southern Copper in the first quarter valued at approximately $32,000. Cullen Frost Bankers Inc. bought a new position in Southern Copper in the first quarter valued at approximately $55,000. NumerixS Investment Technologies Inc bought a new position in Southern Copper in the fourth quarter valued at approximately $98,000. CENTRAL TRUST Co grew its stake in Southern Copper by 12.9% in the first quarter. CENTRAL TRUST Co now owns 4,481 shares of the basic materials company’s stock valued at $178,000 after purchasing an additional 511 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. bought a new position in Southern Copper in the first quarter valued at approximately $236,000. 6.84% of the stock is currently owned by institutional investors and hedge funds.

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 and lead.

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Analyst Recommendations for Southern Copper (NYSE:SCCO)

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