Southern Copper (NYSE:SCCO) Stock Price Expected to Rise, Scotiabank Analyst Says

Southern Copper (NYSE:SCCO) had its price target hoisted by equities research analysts at Scotiabank from $125.00 to $133.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “sector underperform” rating on the basic materials company’s stock. Scotiabank’s price objective points to a potential downside of 26.50% from the company’s previous close.

Several other analysts have also weighed in on the company. Wall Street Zen raised Southern Copper from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Morgan Stanley lifted their price objective on Southern Copper from $155.00 to $160.00 and gave the stock an “underweight” rating in a report on Thursday, April 9th. Bank of America lowered Southern Copper from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from $162.00 to $175.00 in a report on Thursday, February 26th. UBS Group decreased their price objective on Southern Copper from $150.00 to $140.00 and set a “sell” rating on the stock in a report on Friday, March 27th. Finally, Citigroup reissued a “sell” rating on shares of Southern Copper in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, Southern Copper has an average rating of “Reduce” and an average price target of $145.61.

Southern Copper Stock Performance

Shares of NYSE SCCO opened at $180.96 on Thursday. The company has a quick ratio of 3.40, a current ratio of 3.89 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $185.81 and its two-hundred day moving average is $163.20. The company has a market cap of $148.22 billion, a P/E ratio of 34.01, a P/E/G ratio of 1.83 and a beta of 1.16. Southern Copper has a 12 month low of $86.59 and a 12 month high of $223.88.

Southern Copper shares are set to split before the market opens on Wednesday, May 13th. The 1.01-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, May 12th.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results on Wednesday, January 28th. The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.73 billion. Southern Copper had a return on equity of 41.97% and a net margin of 32.30%.During the same period in the previous year, the business posted $0.98 EPS. On average, equities analysts expect that Southern Copper will post 6.79 EPS for the current year.

Insiders Place Their Bets

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 193 shares of the business’s stock in a transaction 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 transaction, the director owned 1,707 shares of the company’s stock, valued at approximately $298,042.20. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lerdo De Tejada Leon Contreras sold 9,326 shares of the business’s stock in a transaction 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 transaction, the director directly owned 605 shares in the company, valued at approximately $126,783.04. This represents a 93.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,526 shares of company stock worth $1,989,373. Insiders own 0.07% of the company’s stock.

Hedge Funds Weigh In On Southern Copper

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC boosted its stake in Southern Copper by 84.3% in the first quarter. Root Financial Partners LLC now owns 527 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 241 shares in the last quarter. CHICAGO TRUST Co NA boosted its stake in Southern Copper by 16.9% in the first quarter. CHICAGO TRUST Co NA now owns 2,219 shares of the basic materials company’s stock worth $382,000 after purchasing an additional 320 shares in the last quarter. SMART Wealth LLC bought a new stake in shares of Southern Copper during the first quarter worth $628,000. Powell Investment Advisors LLC raised its position in shares of Southern Copper by 0.8% during the first quarter. Powell Investment Advisors LLC now owns 9,800 shares of the basic materials company’s stock worth $1,686,000 after acquiring an additional 82 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC raised its position in shares of Southern Copper by 4.9% during the first quarter. Drucker Wealth 3.0 LLC now owns 16,053 shares of the basic materials company’s stock worth $2,762,000 after acquiring an additional 744 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Key Headlines Impacting Southern Copper

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

• Positive Sentiment: Quarterly dividend announced — SCCO declared a $1.00 quarterly dividend (annualized yield ~2.2%). Record date is May 13 and payment date is May 29; that steady cash return is a supportive factor for income-minded investors.
• Neutral Sentiment: News about a different, similarly named company (Great Southern Copper PLC) raising funds via warrants — not the same issuer as SCCO, so unlikely to materially affect Southern Copper’s fundamentals. Great Southern Copper Raises Funds via Warrant Exercise and Increases Share Capital
• Negative Sentiment: Leadership uncertainty after the sudden death of the CEO — multiple outlets flag management transition risk and investor concern that the firm faces an earnings/operational test during the change, a direct driver of today’s downside pressure. Why Southern Copper (SCCO) Is Down 5.1% After Sudden CEO Death And Leadership Uncertainty Southern Copper faces earnings test amid leadership transition
• Negative Sentiment: Unusually large put-option buying — investors purchased ~10,968 put contracts (≈68% above typical put volume), signaling elevated bearish positioning or hedging activity that can amplify downward price moves.
• Negative Sentiment: Analyst sentiment is weak: SCCO’s consensus is around a “Reduce”/average reduce rating and Scotiabank’s recent note raised its price target to $133 but maintained a “sector underperform” rating (target still well below the current share price), reinforcing downside expectations. Southern Copper Corporation (NYSE:SCCO) Given Average Rating of “Reduce” by Analysts Scotiabank raises price target to $133 (Benzinga)
• Negative Sentiment: Critical equity research and commentary highlight valuation risk — recent pieces argue SCCO is an expensive copper exposure that cannot afford operational missteps, increasing sensitivity to the current leadership and earnings risk. Southern Copper: An Expensive Copper Story That Cannot Afford A Misstep

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.