Southern Copper Corporation (NYSE:SCCO) had its price target lifted by equities research analysts at Cowen and Company from $39.00 to $48.00 in a note issued to investors on Friday. The firm presently has a “market perform” rating on the basic materials company’s stock. Cowen and Company’s price target indicates a potential upside of 11.91% from the company’s current price.

A number of other equities analysts also recently commented on the company. BidaskClub downgraded Southern Copper Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. FBR & Co restated a “buy” rating on shares of Southern Copper Corporation in a report on Monday, October 23rd. Scotiabank downgraded Southern Copper Corporation from a “sector perform” rating to an “underperform” rating in a report on Monday, October 23rd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $40.00 price objective on shares of Southern Copper Corporation in a report on Monday, October 23rd. Finally, HSBC Holdings plc downgraded Southern Copper Corporation from a “buy” rating to a “hold” rating and set a $41.00 price objective on the stock. in a report on Wednesday, August 16th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.88.

Southern Copper Corporation (NYSE:SCCO) opened at $42.89 on Friday. Southern Copper Corporation has a twelve month low of $26.52 and a twelve month high of $44.69. The company has a market capitalization of $33,155.13, a P/E ratio of 33.51, a P/E/G ratio of 0.72 and a beta of 0.63. The company has a quick ratio of 2.08, a current ratio of 3.30 and a debt-to-equity ratio of 0.94.

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A number of hedge funds have recently made changes to their positions in SCCO. BlackRock Inc. grew its holdings in Southern Copper Corporation by 3,278.5% during the first quarter. BlackRock Inc. now owns 7,789,950 shares of the basic materials company’s stock valued at $279,583,000 after purchasing an additional 7,559,379 shares during the last quarter. Prudential Financial Inc. grew its holdings in Southern Copper Corporation by 131.2% during the second quarter. Prudential Financial Inc. now owns 1,223,889 shares of the basic materials company’s stock valued at $42,384,000 after purchasing an additional 694,600 shares during the last quarter. Manning & Napier Advisors LLC grew its holdings in Southern Copper Corporation by 10.5% during the second quarter. Manning & Napier Advisors LLC now owns 1,776,807 shares of the basic materials company’s stock valued at $61,529,000 after purchasing an additional 168,577 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Southern Copper Corporation by 2,712.4% during the second quarter. Janus Henderson Group PLC now owns 163,600 shares of the basic materials company’s stock valued at $5,665,000 after purchasing an additional 157,783 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in Southern Copper Corporation by 342.1% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 154,340 shares of the basic materials company’s stock valued at $5,345,000 after purchasing an additional 119,429 shares during the last quarter. Institutional investors own 6.03% 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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