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S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
An Unusual Way to Invest in Gold (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
New Trump Bombshell (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
3 stocks set to benefit from record Valentine's Day spending
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
An Unusual Way to Invest in Gold (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
New Trump Bombshell (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
3 stocks set to benefit from record Valentine's Day spending
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
An Unusual Way to Invest in Gold (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
An Unusual Way to Invest in Gold (Ad)
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Airbnb stock bulls just went all in before earnings
New Trump Bombshell (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
3 stocks set to benefit from record Valentine's Day spending
NYSE:SCCO

Southern Copper (SCCO) Stock Price, News & Analysis

$80.16
-0.78 (-0.96%)
(As of 02/9/2024 08:56 PM ET)
Today's Range
$79.62
$80.94
50-Day Range
$71.29
$88.21
52-Week Range
$64.66
$88.40
Volume
988,800 shs
Average Volume
957,529 shs
Market Capitalization
$61.97 billion
P/E Ratio
25.53
Dividend Yield
4.99%
Price Target
$64.50

Southern Copper MarketRank™ Stock Analysis

Analyst Rating
Strong Sell
1.33 Rating Score
Upside/​Downside
19.5% Downside
$64.50 Price Target
Short Interest
Bearish
6.75% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.44
Upright™ Environmental Score
News Sentiment
0.88mentions of Southern Copper in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.29%
From $3.50 to $4.35 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.40 out of 5 stars

Basic Materials Sector

119th out of 174 stocks

Metal Mining Industry

13th out of 18 stocks


SCCO stock logo

About Southern Copper Stock (NYSE:SCCO)

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. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant in Mexico. The company also operates Buenavista, an open-pit copper mine, as well as two copper concentrators and two operating SX-EW plants in Mexico. In addition, it operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery. The company has interests in 493,117 hectares of exploration concessions in Peru and Mexico; 239,077 hectares of exploration concessions in Argentina; 30,568 hectares of exploration concessions in Chile; and 7,299 hectares of exploration concessions in Ecuador. Southern Copper Corporation was incorporated in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation operates as a subsidiary of Americas Mining Corporation.

SCCO Stock Price History

SCCO Stock News Headlines

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Southern Copper Corp.
Southern Copper (NYSE:SCCO) Downgraded by StockNews.com to Hold
Q4 2023 Southern Copper Corp Earnings Call
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This AI company just signed a deal with NVIDIA that went unreported by the media. Find out how you can get in on what is being dubbed 'the #1 AI stock for 2024 to buy now'
Southern Copper Corporation
15 Countries with the Highest Exports to China
SCCO Jan 2025 50.000 put
Southern Copper Is More Likely to Head North Than South
See More Headlines
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Company Calendar

Last Earnings
10/24/2023
Ex-Dividend for 11/22 Dividend
11/07/2023
Dividend Payable
11/22/2023
Today
2/12/2024
Ex-Dividend for 2/29 Dividend
2/12/2024
Dividend Payable
2/29/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Diversified Metals & Mining
CUSIP
84265V10
Employees
15,018
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$64.50
High Stock Price Target
$91.00
Low Stock Price Target
$51.00
Potential Upside/Downside
-19.5%
Consensus Rating
Strong Sell
Rating Score (0-4)
1.33
Research Coverage
6 Analysts

Profitability

Net Income
$2.43 billion
Pretax Margin
43.53%

Debt

Sales & Book Value

Annual Sales
$9.90 billion
Cash Flow
$4.44 per share
Book Value
$10.54 per share

Miscellaneous

Free Float
772,492,000
Market Cap
$61.97 billion
Optionable
Optionable
Beta
1.29
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Key Executives

  • Mr. Oscar Gonzalez Rocha (Age 86)
    President, CEO & Director
    Comp: $1.22M
  • Mr. Raul Jacob Ruisanchez (Age 66)
    VP of Finance, Treasurer & CFO
    Comp: $385.09k
  • Ms. Lina A. Vingerhoets Vilca (Age 63)
    Comptroller
    Comp: $222.89k
  • Mr. Edgard Corrales Aguilar (Age 68)
    Vice President of Exploration
    Comp: $321.62k
  • Mr. Julian Jorge Lazalde Psihas (Age 56)
    Secretary
    Comp: $323.65k
  • Mr. Victor Pedraglio
    Manager of Financial Planning & Investor Relations
  • Mr. Andres Carlos Ferrero Ghislieri (Age 55)
    General Counsel

Should I Buy Southern Copper Stock? SCCO Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Southern Copper was last updated on Monday, January 29, 2024 at 1:43 PM.

Pros

Here are some ways that investors could benefit from investing in Southern Copper Co.:

  • Strong presence in multiple countries: Southern Copper Corporation is involved in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. This diversified geographical presence reduces the risk associated with relying on a single market.
  • Wide range of products: The company is engaged 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, and production of molybdenum concentrate and sulfuric acid. This diverse product portfolio allows Southern Copper to capitalize on various market opportunities.
  • Positive financial performance: In the most recent quarter, Southern Copper reported earnings per share (EPS) of $0.80, beating analysts' consensus estimates. The company also had a return on equity of 35.91% and a net margin of 27.66%. These financial indicators suggest a strong performance and profitability.
  • Dividend payout: Southern Copper recently disclosed a quarterly dividend of $1.00 per share, representing a dividend yield of 4.81%. This dividend payout provides an additional source of income for investors.
  • Market cap and stability: With a market cap of $64.28 billion, Southern Copper is a large and established company in the metal mining industry. Its stability and size make it an attractive investment option for investors looking for long-term growth.

Cons

Investors should be bearish about investing in Southern Copper Co. for these reasons:

  • Volatility in metal prices: Southern Copper's financial performance is heavily influenced by the prices of copper and other metals. Fluctuations in metal prices can impact the company's profitability and stock performance.
  • Environmental and regulatory risks: Mining operations are subject to environmental regulations and community opposition. Any negative environmental impact or regulatory changes can lead to increased costs and potential disruptions in operations.
  • Dependence on global economic conditions: Southern Copper's business is closely tied to global economic conditions. A slowdown in economic growth or a recession can reduce demand for copper and other metals, affecting the company's revenue and profitability.
  • Debt-to-equity ratio: Southern Copper has a debt-to-equity ratio of 0.80, indicating a moderate level of debt. High levels of debt can increase financial risk and limit the company's flexibility in pursuing growth opportunities.
  • Competition in the industry: The metal mining industry is highly competitive, with numerous players operating in the market. Southern Copper faces competition from both domestic and international companies, which can impact its market share and pricing power.














SCCO Stock Analysis - Frequently Asked Questions

Should I buy or sell Southern Copper stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Southern Copper in the last twelve months. There are currently 4 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "strong sell" SCCO shares.
View SCCO analyst ratings
or view top-rated stocks.

What is Southern Copper's stock price target for 2024?

6 Wall Street analysts have issued 12 month price targets for Southern Copper's stock. Their SCCO share price targets range from $51.00 to $91.00. On average, they anticipate the company's stock price to reach $64.50 in the next twelve months. This suggests that the stock has a possible downside of 19.5%.
View analysts price targets for SCCO
or view top-rated stocks among Wall Street analysts.

How have SCCO shares performed in 2024?

Southern Copper's stock was trading at $86.07 at the beginning of the year. Since then, SCCO shares have decreased by 6.9% and is now trading at $80.16.
View the best growth stocks for 2024 here
.

When is Southern Copper's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our SCCO earnings forecast
.

How were Southern Copper's earnings last quarter?

Southern Copper Co. (NYSE:SCCO) released its quarterly earnings data on Tuesday, October, 24th. The basic materials company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. The basic materials company had revenue of $2.51 billion for the quarter, compared to analysts' expectations of $2.49 billion. Southern Copper had a net margin of 24.51% and a trailing twelve-month return on equity of 30.37%.

How often does Southern Copper pay dividends? What is the dividend yield for Southern Copper?

Southern Copper announced a quarterly dividend on Thursday, January 25th. Investors of record on Tuesday, February 13th will be given a dividend of $0.80 per share on Thursday, February 29th. This represents a $3.20 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Monday, February 12th.
Read our dividend analysis for SCCO
.

Is Southern Copper a good dividend stock?

Southern Copper (NYSE:SCCO) pays an annual dividend of $4.00 per share and currently has a dividend yield of 4.99%. SCCO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 127.39%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SCCO will have a dividend payout ratio of 91.95% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SCCO.

What other stocks do shareholders of Southern Copper own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Southern Copper investors own include Alibaba Group (BABA), NVIDIA (NVDA), B2Gold (BTG), Freeport-McMoRan (FCX), Applied Materials (AMAT), Intel (INTC), Newmont (NEM), Compañía de Minas Buenaventura S.A.A. (BVN), JPMorgan Chase & Co. (JPM) and General Electric (GE).

Who are Southern Copper's major shareholders?

Southern Copper's stock is owned by many different institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.43%), abrdn plc (0.39%), Mawer Investment Management Ltd. (0.29%), Mirae Asset Global Investments Co. Ltd. (0.13%), Norges Bank (0.11%) and Allspring Global Investments Holdings LLC (0.08%). Insiders that own company stock include Andreve Vicente Ariztegui, Bonilla Luis Miguel Palomino, German Larrea Mota Velasco and Sanchez Mejorada Enri Castillo.
View institutional ownership trends
.

How do I buy shares of Southern Copper?

Shares of SCCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SCCO) was last updated on 2/12/2024 by MarketBeat.com Staff

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