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 price target was 46.5, which equates to a potential upside of 17.07 percent. The most pessimistic analyst gave a price target of 27.5, which equates to a potential downside of -30.77 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -5.54 percent. That number becomes -10.73 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 4 analysts that revised their FY estimates downwards.
The growth rate of SCCO's earnings is estimated by analysts to be 38.4 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. 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. Today's price is 59.52 percent above the 52-week low, and 0.25 percent below the high. 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 market cap of SCCO is $30.42 billion. SCCO will post this quarters earnings in days, on 0000-00-00.