Southern Copper Co. (NYSE:SCCO) Given Average Recommendation of “Reduce” by Analysts

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

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

Southern Copper Stock Performance

Shares of NYSE:SCCO opened at $93.21 on Friday. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $103.27 and a 200-day moving average price of $105.66. The company has a market cap of $73.22 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14. Southern Copper has a 12 month low of $77.14 and a 12 month high of $129.79.

Southern Copper Dividend Announcement

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

Institutional Investors Weigh In On Southern Copper

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV grew its stake in shares of Southern Copper by 172.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 223 shares of the basic materials company’s stock worth $26,000 after buying an additional 141 shares during the last quarter. McClarren Financial Advisors Inc. grew its stake in shares of Southern Copper by 169.2% in the third quarter. McClarren Financial Advisors Inc. now owns 288 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 181 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Southern Copper in the second quarter worth $31,000. Oakworth Capital Inc. bought a new position in shares of Southern Copper during the third quarter valued at $42,000. Finally, Larson Financial Group LLC raised its position 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 purchasing an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 7.94% of the company’s stock.

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.