Southern Copper (NYSE:SCCO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Southern Copper (NYSE:SCCO) had its price objective increased by JPMorgan Chase & Co. from $117.50 to $127.00 in a report issued on Friday,Benzinga reports. The firm currently has an “underweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 33.93% from the company’s previous close.

A number of other research analysts have also weighed in on SCCO. Citigroup reaffirmed a “sell” rating on shares of Southern Copper in a report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern Copper in a report on Friday, March 27th. Itau BBA Securities lowered Southern Copper from a “market perform” rating to an “underperform” rating and set a $124.94 target price for the company. in a report on Monday, December 22nd. Wall Street Zen upgraded Southern Copper from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Finally, UBS Group dropped their price target on Southern Copper from $150.00 to $140.00 and set a “sell” rating for the company in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $145.19.

Southern Copper Trading Up 2.2%

Shares of SCCO opened at $192.21 on Friday. The business has a 50-day moving average of $187.94 and a 200 day moving average of $158.80. Southern Copper has a fifty-two week low of $82.56 and a fifty-two week high of $223.88. The firm has a market cap of $157.44 billion, a P/E ratio of 36.13, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.40 and a current ratio of 3.89.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings data on Wednesday, January 28th. The basic materials company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.73 billion. Southern Copper had a return on equity of 41.97% and a net margin of 32.30%.During the same quarter last year, the firm posted $0.98 EPS. As a group, research analysts forecast that Southern Copper will post 4.66 EPS for the current year.

Insider Buying and Selling

In related news, Director Lerdo De Tejada Leon Contreras sold 9,326 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $209.56, for a total value of $1,954,344.91. Following the completion of the sale, the director owned 605 shares in the company, valued at $126,783.04. The trade was a 93.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bonilla Luis Miguel Palomino sold 193 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $174.60, for a total value of $33,697.80. Following the completion of the sale, the director owned 1,707 shares of the company’s stock, valued at $298,042.20. The trade was a 10.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,526 shares of company stock valued at $1,989,373 in the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Southern Copper

A number of large investors have recently bought and sold shares of SCCO. Capital World Investors increased its stake in Southern Copper by 36.1% in the 3rd quarter. Capital World Investors now owns 6,437,608 shares of the basic materials company’s stock worth $781,268,000 after purchasing an additional 1,708,693 shares during the period. Norges Bank purchased a new position in Southern Copper in the 4th quarter worth approximately $97,645,000. Capital Research Global Investors purchased a new position in Southern Copper in the 4th quarter worth approximately $81,039,000. Arrowstreet Capital Limited Partnership purchased a new position in Southern Copper in the 4th quarter worth approximately $46,560,000. Finally, HRT Financial LP purchased a new position in Southern Copper in the 2nd quarter worth approximately $29,771,000. 7.94% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Southern Copper

Here are the key news stories impacting Southern Copper this week:

• Positive Sentiment: Solid fundamentals — Southern Copper’s latest quarter beat expectations (EPS and revenue) and the company shows high margins and return on equity, which supports investor confidence and helps explain buying interest today.
• Positive Sentiment: Technicals and momentum — the stock is trading above its 50‑day and well above its 200‑day moving averages, and recent strong YTD/1‑year returns are attracting momentum flows that can lift the share price.
• Neutral Sentiment: Analyst upgrade to neutral — Goldman Sachs moved SCCO from “sell” to “neutral” with a $178 target; the upgrade is a vote of confidence on near‑term risk versus prior ratings but the target still implies modest downside versus the current price. Goldman Sachs upgrade
• Negative Sentiment: Permit revoked for Tía María — Peru pulled the permit for the US$1.8B Tía María copper mine, a long‑running Southern Copper project in Peru, creating direct project risk and potential loss of future production upside. This is a material country‑level headwind for SCCO’s Peruvian pipeline. Peru pulls permit for Tia María
• Negative Sentiment: Mixed analyst signals with downside bias — JPMorgan raised its price target but kept an “underweight” stance (PT to $127), and Morgan Stanley raised its PT but also retains an “underweight” view; both imply notable downside from current levels and add selling pressure/uncertainty. JPMorgan / Morgan Stanley notes
• Negative Sentiment: Valuation concern piece — recent commentary questioning whether SCCO “has run too far” highlights valuation risk after the stock’s large one‑year run; such narratives can temper further upside and encourage profit‑taking. Valuation analysis

Southern Copper Company Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.