Southern Copper (NYSE:SCCO) Upgraded by Zacks Investment Research to “Strong-Buy”

Zacks Investment Research upgraded shares of Southern Copper (NYSE:SCCO) from a hold rating to a strong-buy rating in a research report released on Wednesday, January 10th. The firm currently has $57.00 target price on the basic materials company’s stock.

According to Zacks, “Southern Copper Corporation is a mining metallurgical company, producer of copper and valuable by-products. “

Other research analysts also recently issued reports about the stock. B. Riley reissued a buy rating on shares of Southern Copper in a research report on Wednesday, November 1st. Scotiabank downgraded shares of Southern Copper from a sector perform rating to an underperform rating in a research report on Monday, October 23rd. FBR & Co reissued a buy rating on shares of Southern Copper in a research report on Monday, October 23rd. Santander raised shares of Southern Copper from a hold rating to a buy rating in a research report on Monday, December 18th. Finally, BidaskClub cut shares of Southern Copper from a strong-buy rating to a buy rating in a research note on Saturday, October 28th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $40.86.

Shares of Southern Copper (SCCO) opened at $49.34 on Wednesday. The company has a current ratio of 3.01, a quick ratio of 2.00 and a debt-to-equity ratio of 0.90. The company has a market cap of $38,597.29, a PE ratio of 32.04, a PEG ratio of 0.71 and a beta of 0.61. Southern Copper has a 52-week low of $32.63 and a 52-week high of $50.32.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings data on Friday, October 20th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter. Southern Copper had a net margin of 19.19% and a return on equity of 19.04%. research analysts anticipate that Southern Copper will post 1.88 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in SCCO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Southern Copper by 3.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,820 shares of the basic materials company’s stock worth $202,000 after acquiring an additional 200 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Southern Copper by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 279,380 shares of the basic materials company’s stock worth $9,675,000 after acquiring an additional 703 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Southern Copper by 12.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 7,274 shares of the basic materials company’s stock worth $252,000 after acquiring an additional 832 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Southern Copper by 3.9% in the 3rd quarter. CIBC Asset Management Inc now owns 32,449 shares of the basic materials company’s stock worth $1,290,000 after acquiring an additional 1,225 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Southern Copper by 32.9% in the 3rd quarter. SG Americas Securities LLC now owns 5,141 shares of the basic materials company’s stock worth $204,000 after acquiring an additional 1,274 shares during the last quarter. 6.33% of the stock is currently owned by institutional investors.

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Southern Copper Company Profile

Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.

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Analyst Recommendations for Southern Copper (NYSE:SCCO)

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