Southern Copper Corporation (NYSE:SCCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “Southern Copper Corporation is a mining metallurgical company, producer of copper and valuable by-products. “

A number of other brokerages have also weighed in on SCCO. Cowen and Company reiterated a “hold” rating and set a $39.00 target price on shares of Southern Copper Corporation in a research note on Wednesday, July 19th. Barclays PLC boosted their target price on shares of Southern Copper Corporation from $33.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, August 9th. HSBC Holdings plc lowered shares of Southern Copper Corporation from a “buy” rating to a “hold” rating and set a $41.00 target price for the company. in a research note on Wednesday, August 16th. BidaskClub upgraded shares of Southern Copper Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $40.00 target price on shares of Southern Copper Corporation in a research note on Monday, October 23rd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Southern Copper Corporation has a consensus rating of “Hold” and an average target price of $38.88.

Southern Copper Corporation (NYSE:SCCO) opened at $43.91 on Friday. The stock has a market capitalization of $34,082.76, a P/E ratio of 34.44, a P/E/G ratio of 0.70 and a beta of 0.63. Southern Copper Corporation has a 12-month low of $31.15 and a 12-month high of $44.69. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.01 and a quick ratio of 2.08.

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Several large investors have recently bought and sold shares of SCCO. Bessemer Group Inc. increased its stake in shares of Southern Copper Corporation by 114.5% in the 2nd quarter. Bessemer Group Inc. now owns 3,692 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 1,971 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Southern Copper Corporation in the 2nd quarter worth $134,000. Sit Investment Associates Inc. increased its stake in shares of Southern Copper Corporation by 68.8% in the 2nd quarter. Sit Investment Associates Inc. now owns 5,400 shares of the basic materials company’s stock worth $187,000 after purchasing an additional 2,200 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Southern Copper Corporation by 3.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,820 shares of the basic materials company’s stock worth $202,000 after purchasing an additional 200 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Southern Copper Corporation in the 1st quarter worth $221,000. Hedge funds and other institutional investors own 6.04% of the company’s stock.

About Southern Copper Corporation

Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.

Analyst Recommendations for Southern Copper Corporation (NYSE:SCCO)

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