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

Southern Copper Co. (NYSE:SCCO) has been given an average recommendation of “Reduce” by the nine analysts that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $94.81.

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price on the stock in a research note on Monday, December 2nd. Scotiabank decreased their target price 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 shares of Southern Copper from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $106.30 to $102.00 in a research report on Thursday, December 12th. Finally, Citigroup upped their price target on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research report on Wednesday, October 2nd.

Institutional Investors Weigh In On Southern Copper

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. M&T Bank Corp boosted its holdings in shares of Southern Copper by 0.5% in the 3rd quarter. M&T Bank Corp now owns 20,460 shares of the basic materials company’s stock worth $2,367,000 after purchasing an additional 105 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in Southern Copper by 1.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 10,558 shares of the basic materials company’s stock worth $1,138,000 after purchasing an additional 108 shares during the period. Prudential PLC lifted its position in Southern Copper by 1.0% in the second quarter. Prudential PLC now owns 10,667 shares of the basic materials company’s stock valued at $1,149,000 after purchasing an additional 109 shares during the last quarter. Tyche Wealth Partners LLC boosted its stake in shares of Southern Copper by 0.6% during the third quarter. Tyche Wealth Partners LLC now owns 19,685 shares of the basic materials company’s stock valued at $2,277,000 after purchasing an additional 109 shares during the period. Finally, Greenwood Capital Associates LLC grew its holdings in shares of Southern Copper by 0.7% in the third quarter. Greenwood Capital Associates LLC now owns 15,722 shares of the basic materials company’s stock worth $1,819,000 after purchasing an additional 112 shares during the last quarter. 7.94% of the stock is owned by hedge funds and other institutional investors.

Southern Copper Stock Up 1.1 %

Southern Copper stock opened at $92.16 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The stock has a market cap of $72.40 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14. Southern Copper has a fifty-two week low of $77.14 and a fifty-two week high of $129.79. The firm’s 50-day simple moving average is $101.48 and its 200 day simple moving average is $105.24.

Southern Copper Dividend Announcement

The company also recently declared a — dividend, which was paid on Thursday, November 21st. Stockholders 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 dividend yield of 2.1%. Southern Copper’s dividend payout ratio (DPR) 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.