Shares of Southern Copper Corp (NYSE:SCCO) have received an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $35.67.

SCCO has been the subject of a number of analyst reports. Goldman Sachs Group cut Southern Copper from a “buy” rating to a “neutral” rating and cut their price target for the stock from $47.00 to $41.00 in a report on Tuesday, June 16th. Bradesco Corretora cut Southern Copper from a “neutral” rating to an “underperform” rating and set a $24.00 target price on the stock. in a research report on Friday, March 20th. Zacks Investment Research lowered Southern Copper from a “hold” rating to a “strong sell” rating and set a $30.00 price objective for the company. in a research note on Friday, May 1st. UBS Group increased their price objective on Southern Copper from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and set a $27.00 target price on the stock in a report on Tuesday, March 24th.

In other news, Director Perez Alfredo Casar sold 11,625 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $31.58, for a total value of $367,117.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in Southern Copper in the 4th quarter worth approximately $25,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Southern Copper in the 4th quarter valued at $37,000. Synovus Financial Corp purchased a new stake in shares of Southern Copper in the 1st quarter valued at $25,000. OmniStar Financial Group Inc. purchased a new stake in shares of Southern Copper in the 1st quarter valued at $26,000. Finally, Perkins Coie Trust Co purchased a new stake in shares of Southern Copper in the 1st quarter valued at $28,000. 6.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of SCCO traded up $1.40 during midday trading on Tuesday, reaching $39.77. The company had a trading volume of 1,182,041 shares, compared to its average volume of 899,950. Southern Copper has a 1-year low of $23.43 and a 1-year high of $44.82. The stock has a market cap of $29.61 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08. The firm has a 50 day simple moving average of $36.54 and a 200-day simple moving average of $36.02. The company has a quick ratio of 2.21, a current ratio of 2.98 and a debt-to-equity ratio of 0.97.

Southern Copper (NYSE:SCCO) last announced its earnings results on Monday, April 27th. The basic materials company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.11). Southern Copper had a net margin of 18.10% and a return on equity of 19.25%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.64 billion. As a group, sell-side analysts anticipate that Southern Copper will post 1.21 earnings per share for the current fiscal year.

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 and lead.

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Analyst Recommendations for Southern Copper (NYSE:SCCO)

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