Southern Copper Corp (NYSE:SCCO) has earned an average recommendation of “Hold” from the fourteen research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $53.65.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Southern Copper from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, April 16th. HSBC upgraded shares of Southern Copper from a “reduce” rating to a “hold” rating and set a $37.00 price target on the stock in a research report on Tuesday, March 19th. TheStreet upgraded shares of Southern Copper from a “c+” rating to a “b-” rating in a research report on Monday, March 11th. ValuEngine downgraded shares of Southern Copper from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, Citigroup upgraded shares of Southern Copper from a “sell” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $41.00 in a research report on Tuesday, February 19th.

NYSE:SCCO traded down $0.44 during mid-day trading on Friday, hitting $36.99. 460,275 shares of the company’s stock were exchanged, compared to its average volume of 991,171. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.83 and a quick ratio of 1.91. Southern Copper has a fifty-two week low of $29.01 and a fifty-two week high of $49.68. The company has a market cap of $28.93 billion, a PE ratio of 18.50, a P/E/G ratio of 1.12 and a beta of 0.78.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results on Monday, April 29th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.04). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.85 billion. Southern Copper had a return on equity of 22.04% and a net margin of 20.84%. Equities research analysts expect that Southern Copper will post 2.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were paid a $0.40 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 4.33%. Southern Copper’s dividend payout ratio is currently 80.00%.

A number of hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank purchased a new position in shares of Southern Copper in the 1st quarter worth about $32,000. Coastal Investment Advisors Inc. purchased a new stake in Southern Copper during the first quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Southern Copper by 2,425.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,111 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,067 shares during the last quarter. WealthBridge Capital Management LLC purchased a new stake in Southern Copper during the first quarter valued at about $53,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Southern Copper during the first quarter valued at about $55,000. Institutional investors and hedge funds own 6.84% of the company’s stock.

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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