Southern Copper (NYSE:SCCO) Lowered to Hold Rating by StockNews.com

Southern Copper (NYSE:SCCO) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other analysts have also recently issued reports about the stock. Hsbc Global Res raised shares of Southern Copper from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 24th. UBS Group cut their target price on shares of Southern Copper from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Scotiabank upped their price objective on Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Southern Copper from $84.00 to $83.50 and set a “neutral” rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Southern Copper currently has an average rating of “Hold” and a consensus price target of $91.50.

Southern Copper Price Performance

NYSE:SCCO opened at $92.89 on Monday. Southern Copper has a one year low of $74.84 and a one year high of $127.34. The stock has a market cap of $73.96 billion, a P/E ratio of 21.50, a PEG ratio of 1.90 and a beta of 1.04. The company has a fifty day moving average price of $90.58 and a 200 day moving average price of $96.91. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31.

Southern Copper (NYSE:SCCO) last released its quarterly earnings data on Friday, April 25th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Analysts anticipate that Southern Copper will post 4.66 earnings per share for the current year.

Institutional Trading of Southern Copper

Several large investors have recently modified their holdings of SCCO. Golden State Wealth Management LLC bought a new stake in shares of Southern Copper during the first quarter worth $29,000. Whittier Trust Co. of Nevada Inc. bought a new position in Southern Copper in the 4th quarter valued at approximately $30,000. Deseret Mutual Benefit Administrators boosted its position in Southern Copper by 210.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 379 shares of the basic materials company’s stock worth $35,000 after buying an additional 257 shares during the period. IFP Advisors Inc grew its stake in shares of Southern Copper by 143.4% in the fourth quarter. IFP Advisors Inc now owns 477 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 281 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in Southern Copper in the fourth quarter valued at $47,000. 7.94% of the stock is owned by institutional investors and hedge funds.

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, copper, molybdenum, silver, gold, and lead.