Analyst Ratings for Southern Copper Corp. (SCCO)Updated: 2017-07-27
Southern Copper Corp. (NYSE:SCCO) was awarded an average rating of Hold from investment analysts following the stock. SCCO had previously received a consensus rating of Hold a month ago.
3 analysts declared SCCO a buy, 0 gave an overweight rating, 8 gave a hold rating, 1 issued an underweight rating, and 5 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an decrease of 3 in the number of analysts with a negative outlook on the stock.
Several price targets were given for SCCO by the analysts covering the stock. The most optimistic analyst gave a price target of 46.5, which equates to a potential upside of 17.07 percent. The most pessimistic analyst gave a price target of 27.5, implying potential capital losses of -30.77 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -5.54 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -10.73 percent. Meanwhile, fiscal year estimates have been revised downwards by -3.2 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -3.98 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 4 analysts decreased their estimates.
Analysts estimate earnings of SCCO to grow at a rate of 38.4 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of SCCO is 0.88.
SCCO has traded between a high of 39.82 and a low of 24.90 over the past year. Currently the stock is 59.52 percent higher than its low, and below the high by 0.25 percent. SCCO has a price/earnings ratio of 33.66. Investors typically compare the P/E ratio to a company's peers in the industry. The SCCO value stock report compares SCCO to some of its peers using value stock charts. The stock has a market capitalization of $30.42 billion. SCCO's next earnings release will be on 0000-00-00, which is days away.