Analysts Set Southern Copper Co. (NYSE:SCCO) PT at $94.81

Shares of Southern Copper Co. (NYSE:SCCO) have earned an average rating of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $94.81.

Several research firms recently weighed in on SCCO. JPMorgan Chase & Co. raised shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price for the company in a research note on Monday, December 2nd. Scotiabank cut their price objective on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Finally, Citigroup increased their price target on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research note on Wednesday, October 2nd.

Institutional Investors Weigh In On Southern Copper

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCCO. Creative Financial Designs Inc. ADV increased its position in shares of Southern Copper by 172.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 141 shares during the last quarter. McClarren Financial Advisors Inc. boosted its stake in Southern Copper by 169.2% during the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after buying an additional 181 shares during the period. Itau Unibanco Holding S.A. bought a new position in Southern Copper during the second quarter valued at $31,000. Oakworth Capital Inc. purchased a new stake in shares of Southern Copper in the third quarter valued at $42,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Southern Copper by 578.3% in the 3rd quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 347 shares during the last quarter. 7.94% of the stock is currently owned by hedge funds and other institutional investors.

Southern Copper Trading Down 0.2 %

Shares of SCCO opened at $92.01 on Friday. The firm has a market cap of $72.28 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. Southern Copper has a 1 year low of $77.14 and a 1 year high of $129.79. The company has a 50 day simple moving average of $101.01 and a two-hundred day simple moving average of $105.15.

Southern Copper Announces Dividend

The business also recently declared a — dividend, which was paid on Thursday, November 21st. Investors of record on Wednesday, November 6th were given a $0.62 dividend. The ex-dividend date was Wednesday, November 6th. This represents a yield of 2.1%. Southern Copper’s dividend payout ratio is currently 72.16%.

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.