Analysts expect that Southern Copper Corp (NYSE:SCCO) will report $0.59 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Southern Copper’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.76. Southern Copper reported earnings of $0.52 per share during the same quarter last year, which would indicate a positive year over year growth rate of 13.5%. The business is expected to announce its next quarterly earnings report on Friday, October 19th.

According to Zacks, analysts expect that Southern Copper will report full-year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.12 to $2.59. For the next financial year, analysts forecast that the company will post earnings of $3.03 per share, with EPS estimates ranging from $2.70 to $3.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Southern Copper.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.11). Southern Copper had a net margin of 13.78% and a return on equity of 15.48%.

SCCO has been the topic of several analyst reports. ValuEngine raised Southern Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, June 6th. B. Riley dropped their target price on Southern Copper from $55.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 19th. Scotiabank set a $40.00 target price on Southern Copper and gave the stock a “sell” rating in a research report on Monday, August 6th. JPMorgan Chase & Co. raised Southern Copper to a “sell” rating and set a $45.00 target price on the stock in a research report on Tuesday, June 5th. Finally, Berenberg Bank reaffirmed a “sell” rating and issued a $39.00 target price on shares of Southern Copper in a research report on Saturday, June 2nd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $46.31.

Several large investors have recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. bought a new position in shares of Southern Copper in the second quarter worth $2,652,000. Northern Trust Corp grew its stake in shares of Southern Copper by 0.8% in the second quarter. Northern Trust Corp now owns 1,039,201 shares of the basic materials company’s stock worth $48,707,000 after purchasing an additional 8,354 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of Southern Copper in the second quarter worth $158,000. Advisors Asset Management Inc. grew its stake in shares of Southern Copper by 107.9% in the second quarter. Advisors Asset Management Inc. now owns 47,918 shares of the basic materials company’s stock worth $2,246,000 after purchasing an additional 24,873 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Southern Copper by 22.7% in the second quarter. Public Employees Retirement System of Ohio now owns 338,034 shares of the basic materials company’s stock worth $15,844,000 after purchasing an additional 62,627 shares in the last quarter. 7.49% of the stock is owned by institutional investors.

Shares of NYSE SCCO opened at $43.54 on Monday. Southern Copper has a 1-year low of $38.34 and a 1-year high of $58.09. The company has a current ratio of 3.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $33.86 billion, a price-to-earnings ratio of 28.44 and a beta of 0.53.

Southern Copper Company Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. 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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Earnings History and Estimates for Southern Copper (NYSE:SCCO)

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