Analysts Set Southern Copper Co. (NYSE:SCCO) PT at $94.81

Shares of Southern Copper Co. (NYSE:SCCO) have received an average recommendation of “Reduce” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $94.81.

Several research analysts have recently weighed in on SCCO shares. Citigroup boosted their price objective on shares of Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a report on Wednesday, October 2nd. Morgan Stanley raised shares of Southern Copper from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $106.30 to $102.00 in a research report on Thursday, December 12th. Scotiabank lowered their price target on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. raised Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price objective for the company in a report on Monday, December 2nd.

Southern Copper Price Performance

NYSE SCCO opened at $92.01 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The company has a market capitalization of $72.28 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.56 and a beta of 1.14. The stock has a 50-day moving average of $101.01 and a 200 day moving average of $105.15. Southern Copper has a one year low of $77.14 and a one year high of $129.79.

Southern Copper Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Thursday, November 21st. Stockholders of record on Wednesday, November 6th were paid a $0.62 dividend. The ex-dividend date was Wednesday, November 6th. This represents a dividend yield of 2.1%. Southern Copper’s dividend payout ratio (DPR) is 72.16%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Modus Advisors LLC purchased a new position in Southern Copper during the fourth quarter valued at approximately $68,000. GAMMA Investing LLC raised its position in shares of Southern Copper by 29.6% during the 4th quarter. GAMMA Investing LLC now owns 670 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 153 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Southern Copper by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,402,983 shares of the basic materials company’s stock valued at $162,283,000 after buying an additional 599,610 shares in the last quarter. Independent Solutions Wealth Management LLC boosted its holdings in Southern Copper by 2.1% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 22,767 shares of the basic materials company’s stock worth $2,633,000 after buying an additional 474 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Southern Copper by 33.7% in the 3rd quarter. Principal Financial Group Inc. now owns 9,693 shares of the basic materials company’s stock worth $1,121,000 after buying an additional 2,442 shares in the last quarter. 7.94% of the stock is owned by hedge funds and other institutional investors.

About Southern Copper

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.