Southern Copper (NYSE:SCCO – Get Rating) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a $45.00 target price on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 24.18% from the company’s current price.
Other analysts also recently issued reports about the company. Morgan Stanley raised Southern Copper from an “equal weight” rating to an “overweight” rating and set a $54.00 price objective for the company in a research note on Tuesday, November 8th. StockNews.com raised Southern Copper from a “hold” rating to a “buy” rating in a research note on Friday, November 11th. The Goldman Sachs Group assumed coverage on Southern Copper in a research note on Friday, August 5th. They set a “neutral” rating and a $65.00 price objective for the company. Finally, Barclays reduced their price objective on Southern Copper to $50.00 in a research note on Tuesday, August 9th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.80.
Southern Copper Trading Down 0.2 %
NYSE:SCCO opened at $59.35 on Wednesday. The stock has a 50-day simple moving average of $49.92 and a 200-day simple moving average of $51.45. The stock has a market cap of $45.88 billion, a P/E ratio of 17.82, a P/E/G ratio of 2.40 and a beta of 1.07. Southern Copper has a 1 year low of $42.42 and a 1 year high of $79.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.63 and a current ratio of 3.34.
Institutional Investors Weigh In On Southern Copper
Southern Copper Company Profile
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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