Scotiabank Decreases Earnings Estimates for Southern Copper

Southern Copper Corporation (NYSE:SCCO) – Research analysts at Scotiabank cut their FY2026 earnings estimates for shares of Southern Copper in a note issued to investors on Wednesday, May 20th. Scotiabank analyst A. Salazar now expects that the basic materials company will earn $6.86 per share for the year, down from their prior estimate of $7.00. Scotiabank has a “Underperform” rating and a $135.00 price objective on the stock. The consensus estimate for Southern Copper’s current full-year earnings is $6.97 per share. Scotiabank also issued estimates for Southern Copper’s FY2027 earnings at $6.05 EPS.

A number of other equities research analysts have also recently commented on the company. Wall Street Zen cut Southern Copper from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. UBS Group dropped their target price on shares of Southern Copper from $150.00 to $140.00 and set a “sell” rating on the stock in a research note on Friday, March 27th. Morgan Stanley boosted their target price on shares of Southern Copper from $155.00 to $160.00 and gave the company an “underweight” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. boosted their target price on shares of Southern Copper from $117.50 to $127.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. Finally, Wells Fargo & Company set a $171.00 price objective on Southern Copper and gave the company an “equal weight” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $144.43.

Southern Copper Trading Up 3.3%

NYSE SCCO opened at $174.56 on Thursday. The stock has a market capitalization of $142.98 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.66 and a beta of 1.07. Southern Copper has a one year low of $88.73 and a one year high of $223.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.38 and a quick ratio of 3.89. The business’s fifty day moving average is $178.16 and its 200-day moving average is $169.04.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.04. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $3.96 billion. Southern Copper had a net margin of 34.13% and a return on equity of 45.63%.

Southern Copper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, May 13th. Southern Copper’s dividend payout ratio is 66.12%.

Insiders Place Their Bets

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 193 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $174.60, for a total transaction of $33,697.80. Following the completion of the transaction, the director directly owned 1,707 shares of the company’s stock, valued at approximately $298,042.20. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 300 shares of company stock worth $52,848 over the last three months. 0.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Southern Copper

A number of institutional investors have recently modified their holdings of the business. Intech Investment Management LLC lifted its stake in shares of Southern Copper by 0.8% during the 4th quarter. Intech Investment Management LLC now owns 6,030 shares of the basic materials company’s stock valued at $865,000 after buying an additional 50 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Southern Copper by 0.8% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,072 shares of the basic materials company’s stock valued at $871,000 after buying an additional 51 shares in the last quarter. Steel Grove Capital Advisors LLC lifted its stake in shares of Southern Copper by 1.8% during the 4th quarter. Steel Grove Capital Advisors LLC now owns 2,910 shares of the basic materials company’s stock valued at $417,000 after buying an additional 52 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in shares of Southern Copper by 0.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 6,379 shares of the basic materials company’s stock valued at $915,000 after buying an additional 53 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its stake in shares of Southern Copper by 0.8% during the 4th quarter. Venture Visionary Partners LLC now owns 6,998 shares of the basic materials company’s stock valued at $1,004,000 after buying an additional 53 shares in the last quarter. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

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.