Other analysts have also recently issued research reports about the company. Morgan Stanley cut Southern Copper from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $55.00 to $63.00 in a research report on Wednesday, March 23rd. Barclays upped their price target on Southern Copper from $58.00 to $62.00 in a research report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Southern Copper presently has a consensus rating of “Hold” and an average price target of $61.30.
Shares of SCCO opened at $58.38 on Tuesday. The company has a quick ratio of 2.30, a current ratio of 2.73 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $71.51 and a two-hundred day simple moving average of $65.82. The stock has a market cap of $45.13 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.75 and a beta of 1.12. Southern Copper has a 52 week low of $54.92 and a 52 week high of $83.29.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC bought a new stake in Southern Copper in the first quarter worth $226,000. Herold Advisors Inc. bought a new position in Southern Copper during the first quarter valued at $61,000. Scotia Capital Inc. purchased a new stake in shares of Southern Copper during the first quarter valued at $445,000. Swiss National Bank boosted its stake in shares of Southern Copper by 14.8% during the first quarter. Swiss National Bank now owns 267,920 shares of the basic materials company’s stock valued at $20,335,000 after purchasing an additional 34,500 shares during the period. Finally, Duality Advisers LP purchased a new stake in shares of Southern Copper during the first quarter valued at $1,456,000. Institutional investors own 6.83% of the company’s stock.
Southern Copper Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Southern Copper (SCCO)
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