<div id="readability-page-1"><p><span>Southern Copper (NYSE:SCCO - Get Free Report)</span> had its target price upped by analysts at Scotiabank  from $133.00 to $135.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a &#34;sector underperform&#34; rating on the basic materials company's stock. Scotiabank's target price indicates a potential downside of 23.84% from the stock's previous close.</p><ul><li>Copper Cools After Record January—But This ETF Is a Buy-the-Dip Opportunity</li></ul><p>Several other research firms have also issued reports on SCCO. Morgan Stanley increased their price objective on shares of Southern Copper from $155.00 to $160.00 and gave the stock an &#34;underweight&#34; rating in a research report on Thursday, April 9th. Bank of America lowered shares of Southern Copper from a &#34;neutral&#34; rating to an &#34;underperform&#34; rating and raised their price objective for the stock from $162.00 to $175.00 in a report on Thursday, February 26th. JPMorgan Chase &amp; Co. raised their price target on shares of Southern Copper from $117.50 to $127.00 and gave the stock an &#34;underweight&#34; rating in a research report on Friday, April 10th. The Goldman Sachs Group upgraded shares of Southern Copper from a &#34;sell&#34; rating to a &#34;neutral&#34; rating and set a $178.00 price target on the stock in a research report on Friday, April 10th. Finally, Weiss Ratings  reiterated a &#34;buy (b)&#34; rating on shares of Southern Copper in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, four have issued  a Hold rating and seven have given a Sell rating to the company's stock. According to MarketBeat.com, Southern Copper presently has a consensus rating of &#34;Reduce&#34; and a consensus target price of $144.43.</p><div><p><span></span><span>Get <strong>Southern Copper</strong> alerts:</span></p></div><p><b>Check Out Our Latest Stock Analysis on SCCO</b></p><h2>Southern Copper Trading Down 6.0%</h2><ul><li>The Copper Barbell: How to Profit From the Shortage—and Avoid the Dilution Trap</li></ul><p>Shares of SCCO traded down $11.25 on Friday, hitting $177.26. 475,569 shares of the stock traded hands, compared to its average volume of 1,914,308. The company has a quick ratio of 3.89, a current ratio of 4.38 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $145.19 billion, a P/E ratio of 29.30, a P/E/G ratio of 1.88 and a beta of 1.07. The stock's 50 day moving average is $179.79 and its two-hundred day moving average is $168.03. Southern Copper has a 1 year low of $88.54 and a 1 year high of $223.88. </p><p>Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.88 by $0.04. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $3.96 billion. Southern Copper had a net margin of 34.13% and a return on equity of 45.63%.  As a group, sell-side analysts predict that  Southern Copper will post 6.99 earnings per share for the current year. </p><h2>Insider Activity</h2><ul><li>Gold, Copper, and Missiles: 3 Big Dividend Raises After a Breakout Year</li></ul><p>In other news, Director Bonilla Luis Miguel Palomino sold 193 shares of Southern Copper stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $174.60, for a total value of $33,697.80. Following the transaction, the director owned 1,707 shares of the company's stock, valued at $298,042.20. The trade was a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.07% of the stock is owned by corporate insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC increased its position in shares of  Southern Copper by 0.8% in the fourth quarter. Intech Investment Management LLC now owns 6,030 shares of the basic materials company's stock worth $865,000 after acquiring an additional 50 shares in the last quarter.  VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in  Southern Copper by 0.8% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,072 shares of the basic materials company's stock valued at $871,000 after acquiring an additional 51 shares during the last quarter.  Steel Grove Capital Advisors LLC lifted its stake in shares of  Southern Copper by 1.8% in the fourth quarter. Steel Grove Capital Advisors LLC now owns 2,910 shares of the basic materials company's stock worth $417,000 after buying an additional 52 shares during the last quarter.  Ensign Peak Advisors Inc lifted its stake in shares of  Southern Copper by 0.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 6,379 shares of the basic materials company's stock worth $915,000 after buying an additional 53 shares during the last quarter.  Finally, Venture Visionary Partners LLC lifted its stake in shares of  Southern Copper by 0.8% in the fourth quarter. Venture Visionary Partners LLC now owns 6,998 shares of the basic materials company's stock worth $1,004,000 after buying an additional 53 shares during the last quarter. 7.94% of the stock is owned by hedge funds and other institutional investors. </p><h2>About Southern Copper</h2> (Get Free Report)<p>Southern Copper Corporation <span>NYSE: SCCO<span></span></span> is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.  </p><p>Southern Copper's operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.</p><h2>Read More</h2><ul><li>Five stocks we like better than Southern Copper</li><li>TMC Stock: Why This Pre-Revenue Miner Is Worth Watching</li><li>The Power Grid Is Dying—Is It Time to Buy Its Replacement?</li><li>3 AI Data Center Stocks Worth Watching for Capital Rotation</li><li>McDonald's Is the Cheapest It’s Been in Years—Does That Make It a Buy?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNDQ08?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNDQ08"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Southern Copper Right Now?</h2><p>Before you consider Southern Copper, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southern Copper wasn't on the list.</p><p>While Southern Copper currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SCCO

<p>Scotiabank has raised its target price for Southern Copper (NYSE:SCCO) from $133.00 to $135.00, maintaining a 'sector underperform' rating. This indicates a potential downside of 23.84% from the stock's previous close. Other firms have varied ratings, with Morgan Stanley setting a target of $160.00 and Bank of America raising theirs to $175.00. Southern Copper's stock recently traded down 6.0% to $177.26.</p>

Market Beat

Southern Copper

Bank of Nova Scottia

Morgan Stanley

Bank of America

JPMorgan Chase

Goldman Sachs

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

GS Hldg R

Scotiabank Boosts Southern Copper (NYSE:SCCO) Price Target to $135.00