Scotiabank Reduces Earnings Estimates for Southern Copper

Southern Copper Co. (NYSE:SCCO) – Investment analysts at Scotiabank decreased their FY2025 earnings estimates for shares of Southern Copper in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst A. Salazar now anticipates that the basic materials company will earn $4.58 per share for the year, down from their prior forecast of $4.71. Scotiabank currently has a “Sector Underperform” rating and a $72.00 price target on the stock. The consensus estimate for Southern Copper’s current full-year earnings is $4.66 per share. Scotiabank also issued estimates for Southern Copper’s FY2026 earnings at $4.69 EPS.

Southern Copper (NYSE:SCCO) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%.

Several other brokerages also recently issued reports on SCCO. UBS Group raised shares of Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Thursday, March 13th. Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price on the stock in a research report on Monday, December 2nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $94.42.

Southern Copper Stock Performance

Shares of SCCO stock opened at $101.17 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. Southern Copper has a 52 week low of $84.33 and a 52 week high of $127.34. The company’s 50 day moving average price is $94.48 and its two-hundred day moving average price is $100.70. The company has a market capitalization of $80.55 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 1.90 and a beta of 1.12.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s dividend payout ratio (DPR) is 64.81%.

Institutional Investors Weigh In On Southern Copper

Institutional investors and hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in Southern Copper in the fourth quarter valued at approximately $30,000. Deseret Mutual Benefit Administrators raised its stake in Southern Copper by 210.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 257 shares during the period. Larson Financial Group LLC lifted its holdings in Southern Copper by 578.3% during the 3rd quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 347 shares during the last quarter. IFP Advisors Inc boosted its position in Southern Copper by 143.4% during the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 281 shares during the period. Finally, Spire Wealth Management acquired a new position in shares of Southern Copper in the fourth quarter valued at $47,000. 7.94% of the stock is owned by institutional investors.

About Southern Copper

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.