Southern Copper Corp. (NYSE:SCCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

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

Other equities research analysts have also issued research reports about the stock. Vetr raised shares of Southern Copper Corp. from a “hold” rating to a “buy” rating and set a $28.04 price objective on the stock in a report on Monday, August 29th. HSBC raised shares of Southern Copper Corp. from a “hold” rating to a “buy” rating and raised their target price for the company from $26.01 to $31.50 in a research note on Friday, August 26th. Barclays PLC raised their target price on shares of Southern Copper Corp. from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday, August 8th. TheStreet lowered shares of Southern Copper Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Finally, FBR & Co raised their target price on shares of Southern Copper Corp. from $33.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Southern Copper Corp. currently has a consensus rating of “Hold” and an average price target of $27.83.

Analyst Recommendations for Southern Copper Corp. (NYSE:SCCO)

Southern Copper Corp. (NYSE:SCCO) traded down 0.93% during midday trading on Tuesday, hitting $26.50. 97,867 shares of the stock were exchanged. The firm has a market capitalization of $20.50 billion, a price-to-earnings ratio of 36.55 and a beta of 0.94. Southern Copper Corp. has a one year low of $21.55 and a one year high of $31.31. The company has a 50 day moving average price of $26.00 and a 200 day moving average price of $26.70.

Southern Copper Corp. (NYSE:SCCO) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Southern Copper Corp. had a net margin of 11.40% and a return on equity of 10.36%. Equities analysts anticipate that Southern Copper Corp. will post $1.07 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the company. Advisor Group Inc. bought a new stake in shares of Southern Copper Corp. during the second quarter valued at approximately $103,000. Checchi Capital Advisers LLC increased its stake in shares of Southern Copper Corp. by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 4,453 shares of the company’s stock valued at $120,000 after buying an additional 128 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Southern Copper Corp. by 3,954.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,204 shares of the company’s stock valued at $167,000 after buying an additional 6,051 shares during the period. Van ECK Associates Corp increased its stake in shares of Southern Copper Corp. by 19.9% in the second quarter. Van ECK Associates Corp now owns 6,342 shares of the company’s stock valued at $171,000 after buying an additional 1,051 shares during the period. Finally, Glenmede Trust Co. NA bought a new stake in shares of Southern Copper Corp. during the second quarter valued at approximately $177,000. Hedge funds and other institutional investors own 6.14% of the company’s stock.

Southern Copper Corp. Company Profile

Southern Copper Corporation is an integrated copper producer. It produces copper, molybdenum, zinc and silver. It operates through three segments: Peruvian operations, which include the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines; Mexican open-pit operations, which include the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a metals plant and a copper rod plant and support facilities that service both mines, and Mexican underground mining operations, which include over five underground mines that produce zinc, copper, silver and gold, a coal mine that produces coal and coke, and a zinc refinery.

5 Day Chart for NYSE:SCCO

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