Brokers Set Expectations for Southern Copper FY2025 Earnings

Southern Copper Co. (NYSE:SCCO) – Scotiabank cut their FY2025 EPS estimates for shares of Southern Copper in a report released on Wednesday, March 19th. Scotiabank analyst A. Salazar now anticipates that the basic materials company will post earnings per share of $4.58 for the year, down from their previous forecast of $4.71. Scotiabank has a “Sector Underperform” rating and a $72.00 price target on the stock. The consensus estimate for Southern Copper’s current full-year earnings is $4.66 per share. Scotiabank also issued estimates for Southern Copper’s FY2026 earnings at $4.69 EPS.

A number of other research analysts have also recently issued reports on the company. Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $106.30 to $102.00 in a report on Thursday, December 12th. UBS Group raised shares of Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. raised shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target on the stock in a research note on Monday, December 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $94.42.

Southern Copper Trading Up 1.5 %

Shares of SCCO opened at $101.17 on Monday. The stock has a fifty day moving average price of $94.48 and a two-hundred day moving average price of $100.70. 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 cap of $80.55 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 1.90 and a beta of 1.12. Southern Copper has a 52-week low of $84.33 and a 52-week high of $127.34.

Southern Copper (NYSE:SCCO) last announced its earnings results on Wednesday, February 12th. The basic materials company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%.

Southern Copper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.70 per share. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 11th. This represents a $2.80 annualized dividend and a dividend yield of 2.77%. Southern Copper’s payout ratio is currently 64.81%.

Hedge Funds Weigh In On Southern Copper

Large investors have recently bought and sold shares of the business. California State Teachers Retirement System grew its holdings in Southern Copper by 97.9% during the 4th quarter. California State Teachers Retirement System now owns 188,512 shares of the basic materials company’s stock worth $17,179,000 after acquiring an additional 93,261 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Southern Copper during the fourth quarter worth $1,691,000. General Pension Society PZU Joint Stock Co increased its holdings in Southern Copper by 5.8% in the fourth quarter. General Pension Society PZU Joint Stock Co now owns 357,090 shares of the basic materials company’s stock valued at $32,542,000 after purchasing an additional 19,592 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Southern Copper in the fourth quarter valued at about $40,226,000. Finally, Mackenzie Financial Corp boosted its holdings in Southern Copper by 51.2% during the fourth quarter. Mackenzie Financial Corp now owns 170,816 shares of the basic materials company’s stock worth $15,454,000 after buying an additional 57,834 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

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.