Analysts forecast that Southern Copper Corp (NYSE:SCCO) will post earnings per share (EPS) of $0.55 for the current quarter, Zacks reports. Two analysts have made estimates for Southern Copper’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.70. Southern Copper posted earnings per share of ($0.38) during the same quarter last year, which would indicate a positive year over year growth rate of 244.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, January 23rd.

On average, analysts expect that Southern Copper will report full-year earnings of $2.18 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.38. For the next financial year, analysts forecast that the business will report earnings of $2.89 per share, with EPS estimates ranging from $2.61 to $3.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Southern Copper.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.80 billion. Southern Copper had a net margin of 13.24% and a return on equity of 14.97%.

A number of research analysts have recently issued reports on the company. UBS Group raised Southern Copper from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Friday, November 2nd. Santander downgraded Southern Copper from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Citigroup raised Southern Copper from a “sell” rating to a “neutral” rating and set a $43.00 price objective on the stock in a research note on Monday, October 8th. B. Riley dropped their price objective on Southern Copper from $55.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 19th. Finally, Scotiabank set a $40.00 price objective on Southern Copper and gave the company a “sell” rating in a research note on Monday, August 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Southern Copper has an average rating of “Hold” and an average price target of $46.13.

Shares of NYSE:SCCO traded down $1.12 during midday trading on Monday, reaching $37.93. The company’s stock had a trading volume of 781,462 shares, compared to its average volume of 1,128,297. The company has a market capitalization of $30.71 billion, a price-to-earnings ratio of 25.79 and a beta of 0.67. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.71 and a quick ratio of 1.88. Southern Copper has a fifty-two week low of $35.59 and a fifty-two week high of $58.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Tuesday, November 6th.

Several large investors have recently made changes to their positions in SCCO. Piedmont Investment Advisors LLC acquired a new position in Southern Copper during the 2nd quarter worth approximately $122,000. Navellier & Associates Inc acquired a new position in Southern Copper during the 2nd quarter worth approximately $139,000. Schroder Investment Management Group acquired a new position in Southern Copper during the 2nd quarter worth approximately $158,000. Altman Advisors Inc. acquired a new position in Southern Copper during the 2nd quarter worth approximately $204,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Southern Copper during the 1st quarter worth approximately $275,000. 7.97% of the stock is currently owned by institutional investors.

About Southern Copper

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. 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.

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