Southern Copper (SCCO) Stock Forecast, Price Target & Predictions

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SCCO Stock Forecast

Southern Copper stock forecast is as follows: an average price target of $52.00 (represents a -43.09% downside from SCCO’s last price of $91.37) and a rating consensus of 'Sell', based on 8 wall street analysts offering a 1-year stock forecast.

SCCO Price Target

The average price target for Southern Copper (SCCO) is $52.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $52.00 to $52.00. This represents a potential -43.09% downside from SCCO's last price of $91.37.

SCCO Analyst Ratings

Sell

According to 8 Wall Street analysts, Southern Copper's rating consensus is 'Sell'. The analyst rating breakdown for SCCO stock is 0 'Strong Buy' (0.00%), 2 'Buy' (25.00%), 2 'Hold' (25.00%), 4 'Sell' (50.00%), and 0 'Strong Sell' (0.00%).

Southern Copper Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 15, 2024	Alfonso Salazar	Scotiabank	$52.00	$117.57	-55.77%	-43.09%
Jun 20, 2024	Carlos De Alba	Morgan Stanley	$100.00	$110.54	-9.54%	9.45%
May 31, 2024	Alejandro Demichelis	Jefferies	$137.00	$116.96	17.13%	49.94%
May 21, 2024	Alfonso Salazar	Scotiabank	$54.00	$128.55	-57.99%	-40.90%
Mar 22, 2024	Alejandro Demichelis	Jefferies	$130.00	$104.36	24.57%	42.28%
Apr 17, 2023	Carlos De Alba	Morgan Stanley	$70.00	$79.96	-12.46%	-23.39%
Nov 28, 2022	Rafael Barcellos	Banco Santander	$69.00	$57.93	19.11%	-24.48%
Jun 08, 2022	Matthew Murphy	Barclays	$61.00	$64.89	-5.99%	-33.24%

The latest Southern Copper stock forecast, released on Oct 15, 2024 by Alfonso Salazar from Scotiabank, set a price target of $52.00, which represents a -55.77% decrease from the stock price at the time of the forecast ($117.57), and a -43.09% decrease from SCCO last price ($91.37).

Southern Copper Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	5
Avg Price Target	-	-	$94.60
Last Closing Price	$91.37	$91.37	$91.37
Upside/Downside	-100.00%	-100.00%	3.54%

In the current month, the average price target of Southern Copper stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Southern Copper's last price of $91.37. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 15, 2024	Scotiabank	Sector Underperform	Sector Underperform	Hold
Oct 02, 2024	Citigroup	Sell	Sell	Hold
Sep 19, 2024	Morgan Stanley	Underweight	Underweight	Hold
Jul 12, 2024	UBS	Sell	Neutral	Initialise
Jun 20, 2024	Morgan Stanley	Underweight	Underweight	Hold
May 31, 2024	Jefferies	Buy	Buy	Hold
May 21, 2024	Scotiabank	Sector Underperform	Sector Underperform	Hold
Apr 30, 2024	Morgan Stanley	Underweight	Underweight	Hold
Apr 18, 2024	Scotiabank	Underperform	Underperform	Hold
Mar 22, 2024	Jefferies		Buy	Upgrade
Mar 13, 2024	Wells Fargo		Underweight	Downgrade
Nov 27, 2023	Morgan Stanley	Equal-Weight	Underweight	Downgrade
Nov 14, 2023	Morgan Stanley	Equal-Weight	Equal-Weight	Hold
May 30, 2023	Barclays	Equal-Weight	Equal-Weight	Hold
Apr 17, 2023	UBS		Sell	Downgrade
Jan 12, 2023	Wolfe Research		Peer Perform	Upgrade
Nov 23, 2022	Deutsche Bank		Sell	Downgrade
Nov 08, 2022	Bank of America Securities		Buy	Upgrade
Nov 08, 2022	Morgan Stanley		Overweight	Upgrade

Southern Copper's last stock rating was published by Scotiabank on Oct 15, 2024. The company gave SCCO a "Sector Underperform" rating, the same as its previous rate.

Southern Copper Financial Forecast

Southern Copper Revenue Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.51B	$2.30B	$2.79B	$2.82B	$2.16B	$2.31B	$2.76B	$2.82B	$2.68B	$2.90B	$2.53B	$2.35B	$2.13B
Avg Forecast	$3.90B	$3.82B	$3.74B	$3.65B	$3.57B	$3.50B	$3.42B	$3.35B	$3.21B	$3.13B	$3.08B	$2.96B	$2.86B	$2.95B	$2.85B	$2.49B	$2.49B	$2.40B	$2.50B	$2.76B	$2.45B	$2.20B	$2.55B	$2.72B	$2.70B	$2.82B	$2.78B	$2.50B	$2.10B	$2.02B
High Forecast	$4.07B	$3.98B	$3.89B	$3.81B	$3.73B	$3.64B	$3.56B	$3.49B	$3.35B	$3.26B	$3.21B	$3.19B	$2.90B	$2.98B	$2.85B	$2.49B	$2.52B	$2.40B	$2.60B	$2.88B	$2.59B	$2.20B	$2.55B	$2.72B	$2.70B	$2.82B	$2.78B	$2.50B	$2.10B	$2.02B
Low Forecast	$3.73B	$3.65B	$3.57B	$3.49B	$3.41B	$3.34B	$3.27B	$3.20B	$3.07B	$2.99B	$2.94B	$2.74B	$2.81B	$2.93B	$2.85B	$2.48B	$2.45B	$2.40B	$2.39B	$2.64B	$2.34B	$2.20B	$2.55B	$2.72B	$2.70B	$2.82B	$2.78B	$2.50B	$2.10B	$2.02B
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	4	2	4	4	5	4	4	4	3	3	3	3	4	4	4	4	9	8
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.04%	0.92%	1.01%	1.15%	0.98%	0.90%	1.01%	1.05%	0.95%	1.04%	1.01%	1.12%	1.05%

Southern Copper's average Quarter revenue forecast for Dec 23 based on 5 analysts is $2.49B, with a low forecast of $2.45B, and a high forecast of $2.52B. SCCO's average Quarter revenue forecast represents a -0.61% decrease compared to the company's last Quarter revenue of $2.51B (Sep 23).

Southern Copper EBITDA Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	4	2	4	4	5	4	4	4	3	3	3	3	4	4	4	4	9	8
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.31B	$1.14B	$1.59B	$1.65B	$1.03B	$1.03B	$1.68B	$1.72B	$1.71B	$1.87B	$1.56B	$1.26B	$1.13B
Avg Forecast	$2.06B	$2.01B	$1.97B	$1.93B	$1.89B	$1.84B	$1.80B	$1.76B	$1.69B	$1.65B	$1.62B	$1.56B	$1.51B	$1.56B	$1.50B	$1.92B	$1.31B	$1.27B	$1.32B	$1.75B	$1.42B	$1.16B	$1.35B	$1.59B	$1.43B	$1.49B	$1.47B	$1.44B	$1.11B	$1.07B
High Forecast	$2.15B	$2.10B	$2.05B	$2.01B	$1.96B	$1.92B	$1.88B	$1.84B	$1.76B	$1.72B	$1.69B	$1.68B	$1.53B	$1.57B	$1.50B	$2.30B	$1.33B	$1.27B	$1.37B	$2.09B	$1.70B	$1.16B	$1.35B	$1.90B	$1.43B	$1.49B	$1.47B	$1.73B	$1.11B	$1.07B
Low Forecast	$1.97B	$1.92B	$1.88B	$1.84B	$1.80B	$1.76B	$1.72B	$1.69B	$1.62B	$1.58B	$1.55B	$1.44B	$1.48B	$1.54B	$1.50B	$1.54B	$1.29B	$1.27B	$1.26B	$1.40B	$1.13B	$1.16B	$1.35B	$1.27B	$1.43B	$1.49B	$1.47B	$1.15B	$1.11B	$1.07B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.04%	0.86%	0.91%	1.16%	0.88%	0.76%	1.06%	1.21%	1.14%	1.27%	1.08%	1.14%	1.06%

5 analysts predict SCCO's average Quarter EBITDA for Dec 23 to be $1.31B, with a high of $1.33B and a low of $1.29B. This is 0.14% upper than Southern Copper's previous annual EBITDA (Sep 23) of $1.31B.

Southern Copper Net Income Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	4	2	4	4	5	4	4	4	3	3	3	3	4	4	4	4	9	8
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$619.50M	$547.50M	$813.20M	$902.40M	$519.00M	$432.30M	$784.70M	$837.20M	$867.60M	$932.70M	$763.80M	$590.10M	$506.00M
Avg Forecast	$988.41M	$981.20M	$969.85M	$960.32M	$949.28M	$957.30M	$954.30M	$951.58M	$987.27M	$962.98M	$949.08M	$891.35M	$797.28M	$858.37M	$828.20M	$939.27M	$569.64M	$549.64M	$604.55M	$853.88M	$663.74M	$425.75M	$679.44M	$776.25M	$868.46M	$910.43M	$912.40M	$705.68M	$539.11M	$422.22M
High Forecast	$1.04B	$1.03B	$1.02B	$1.01B	$1.00B	$1.01B	$1.01B	$1.00B	$1.04B	$1.02B	$1.00B	$940.14M	$898.89M	$858.87M	$833.06M	$1.13B	$639.87M	$555.68M	$637.65M	$1.02B	$796.49M	$425.75M	$679.44M	$931.50M	$868.46M	$942.29M	$912.40M	$846.82M	$539.11M	$422.22M
Low Forecast	$930.85M	$924.06M	$913.38M	$904.39M	$894.01M	$901.55M	$898.73M	$896.16M	$929.77M	$906.90M	$893.81M	$839.45M	$687.85M	$857.86M	$823.35M	$751.41M	$491.61M	$543.60M	$569.35M	$683.10M	$530.99M	$425.75M	$679.44M	$621.00M	$868.46M	$878.57M	$912.40M	$564.55M	$539.11M	$422.22M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.13%	0.91%	0.95%	1.36%	1.22%	0.64%	1.01%	0.96%	0.95%	1.02%	1.08%	1.09%	1.20%

Southern Copper's average Quarter net income forecast for Dec 23 is $569.64M, with a range of $491.61M to $639.87M. SCCO's average Quarter net income forecast represents a -8.05% decrease compared to the company's last Quarter net income of $619.50M (Sep 23).

Southern Copper SG&A Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	4	2	4	4	5	4	4	4	3	3	3	3	4	4	4	4	9	8
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$32.70M	$31.00M	$30.40M	$33.60M	$30.20M	$30.90M	$30.30M	$32.30M	$31.30M	$31.40M	$30.10M	$32.20M	$33.40M
Avg Forecast	$55.17M	$53.96M	$52.78M	$51.63M	$50.51M	$49.40M	$48.32M	$47.27M	$45.37M	$44.18M	$43.53M	$41.78M	$40.34M	$41.72M	$40.21M	$37.01M	$35.18M	$33.90M	$35.29M	$33.65M	$36.22M	$31.08M	$36.04M	$30.59M	$38.10M	$39.90M	$39.24M	$27.81M	$29.64M	$28.59M
High Forecast	$57.49M	$56.23M	$55.01M	$53.81M	$52.63M	$51.48M	$50.36M	$49.26M	$47.28M	$46.04M	$45.36M	$45.05M	$40.91M	$42.10M	$40.21M	$44.42M	$35.63M	$33.90M	$36.78M	$40.38M	$43.46M	$31.08M	$36.04M	$36.71M	$38.10M	$39.90M	$39.24M	$33.37M	$29.64M	$28.59M
Low Forecast	$52.70M	$51.55M	$50.42M	$49.32M	$48.24M	$47.19M	$46.16M	$45.15M	$43.34M	$42.20M	$41.58M	$38.66M	$39.63M	$41.35M	$40.21M	$29.61M	$34.59M	$33.90M	$33.71M	$26.92M	$28.97M	$31.08M	$36.04M	$24.47M	$38.10M	$39.90M	$39.24M	$22.25M	$29.64M	$28.59M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.96%	0.88%	0.90%	0.93%	0.97%	0.86%	0.99%	0.85%	0.78%	0.80%	1.08%	1.09%	1.17%

Southern Copper's average Quarter SG&A projection for Dec 23 is $35.18M, based on 5 Wall Street analysts, with a range of $34.59M to $35.63M. The forecast indicates a 7.59% rise compared to SCCO last annual SG&A of $32.70M (Sep 23).

Southern Copper EPS Forecast

	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	1	1	1	1	3	4	2	4	4	5	4	4	4	3	3	3	3	4	4	4	4	9	8
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$0.80	$0.71	$1.05	$1.17	$0.67	$0.56	$1.02	$1.08	$1.12	$1.21	$0.99	$0.76	$0.65
Avg Forecast	$1.27	$1.26	$1.25	$1.23	$1.22	$1.23	$1.23	$1.22	$1.27	$1.24	$1.22	$1.15	$1.02	$1.10	$1.06	$0.75	$0.73	$0.71	$0.78	$1.00	$0.82	$0.54	$0.87	$1.07	$1.11	$1.16	$1.17	$0.90	$0.69	$0.54
High Forecast	$1.34	$1.33	$1.31	$1.30	$1.29	$1.30	$1.29	$1.29	$1.34	$1.31	$1.29	$1.21	$1.16	$1.10	$1.07	$0.75	$0.82	$0.71	$0.82	$1.05	$0.89	$0.54	$0.87	$1.07	$1.11	$1.20	$1.17	$0.90	$0.69	$0.54
Low Forecast	$1.20	$1.19	$1.17	$1.16	$1.15	$1.16	$1.16	$1.15	$1.20	$1.17	$1.15	$1.08	$0.88	$1.10	$1.06	$0.74	$0.63	$0.70	$0.73	$0.94	$0.78	$0.54	$0.87	$1.07	$1.11	$1.12	$1.17	$0.90	$0.69	$0.54
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.13%	0.91%	1.05%	1.42%	1.23%	0.64%	0.95%	0.97%	0.96%	1.04%	1.10%	1.10%	1.20%

According to 5 Wall Street analysts, Southern Copper's projected average Quarter EPS for Dec 23 is $0.73, with a low estimate of $0.63 and a high estimate of $0.82. This represents a -8.48% decrease compared to SCCO previous annual EPS of $0.80 (Sep 23).

Southern Copper Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
ERO	Ero Copper	$13.43	$19.00	41.47%	Buy
HBM	Hudbay Minerals	$8.26	$10.34	25.18%	Buy
SCCO	Southern Copper	$91.37	$52.00	-43.09%	Sell

SCCO Forecast FAQ

Is Southern Copper a good buy?

No, according to 8 Wall Street analysts, Southern Copper (SCCO) is considered a 'Sell'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 25.00% of SCCO's total ratings.

What is SCCO's price target?

Southern Copper (SCCO) average price target is $52 with a range of $52 to $52, implying a -43.09% from its last price of $91.37. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Southern Copper stock go up soon?

According to Wall Street analysts' prediction for SCCO stock, the company can go down by -43.09% (from the last price of $91.37 to the average price target of $52), down by -43.09% based on the highest stock price target, and down by -43.09% based on the lowest stock price target.

Can Southern Copper stock reach $140?

SCCO's average twelve months analyst stock price target of $52 does not support the claim that Southern Copper can reach $140 in the near future.

What are Southern Copper's analysts' financial forecasts?

Southern Copper's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $13.84B (high $14.42B, low $13.22B), average EBITDA is $7.3B (high $7.6B, low $6.97B), average net income is $3.81B (high $4.02B, low $3.59B), average SG&A $195.5M (high $203.74M, low $186.75M), and average EPS is $4.9 (high $5.17, low $4.61). SCCO's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $15.12B (high $15.75B, low $14.44B), average EBITDA is $7.97B (high $8.31B, low $7.61B), average net income is $3.9B (high $4.11B, low $3.67B), average SG&A $213.55M (high $222.54M, low $203.98M), and average EPS is $5.01 (high $5.29, low $4.72).

Did the SCCO's actual financial results beat the analysts' financial forecasts?

Based on Southern Copper's last annual report (Dec 2022), the company's revenue was $10.05B, beating the average analysts forecast of $9.92B by 1.24%. Apple's EBITDA was $5.4B, missing the average prediction of $5.52B by -2.14%. The company's net income was $2.64B, beating the average estimation of $2.55B by 3.67%. Apple's SG&A was $125M, missing the average forecast of $133.94M by -6.67%. Lastly, the company's EPS was $3.41, beating the average prediction of $3.31 by 3.15%. In terms of the last quarterly report (Sep 2023), Southern Copper's revenue was $2.51B, beating the average analysts' forecast of $2.4B by 4.42%. The company's EBITDA was $1.31B, beating the average prediction of $1.27B by 3.64%. Southern Copper's net income was $619.5M, beating the average estimation of $549.64M by 12.71%. The company's SG&A was $32.7M, missing the average forecast of $33.9M by -3.54%. Lastly, the company's EPS was $0.8, beating the average prediction of $0.706 by 13.24%