Southern Copper (SCCO) Stock Forecast, Price Target & Predictions
SCCO Stock Forecast
Southern Copper stock forecast is as follows: an average price target of $84.20 (represents a -15.10% downside from SCCO’s last price of $99.18) and a rating consensus of 'Sell', based on 7 wall street analysts offering a 1-year stock forecast.
SCCO Price Target
The average price target for Southern Copper (SCCO) is $84.20 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $137.00 to $54.00. This represents a potential -15.10% downside from SCCO's last price of $99.18.
SCCO Analyst Ratings
According to 7 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' (28.57%), 2 'Hold' (28.57%), 3 'Sell' (42.86%), 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 |
|---|---|---|---|---|---|---|
| Jun 20, 2024 | Carlos De Alba | Morgan Stanley | $100.00 | $110.54 | -9.54% | 0.83% |
| May 31, 2024 | Alejandro Demichelis | Jefferies | $137.00 | $116.96 | 17.13% | 38.13% |
| May 21, 2024 | Alfonso Salazar | Scotiabank | $54.00 | $128.55 | -57.99% | -45.55% |
| Mar 22, 2024 | Alejandro Demichelis | Jefferies | $130.00 | $104.36 | 24.57% | 31.07% |
| Apr 17, 2023 | Carlos De Alba | Morgan Stanley | $70.00 | $79.96 | -12.46% | -29.42% |
| Nov 28, 2022 | Rafael Barcellos | Banco Santander | $69.00 | $57.93 | 19.11% | -30.43% |
| Jun 08, 2022 | Matthew Murphy | Barclays | $61.00 | $64.89 | -5.99% | -38.50% |
The latest Southern Copper stock forecast, released on Jun 20, 2024 by Carlos De Alba from Morgan Stanley, set a price target of $100.00, which represents a -9.54% decrease from the stock price at the time of the forecast ($110.54), and a 0.83% increase from SCCO last price ($99.18).
Southern Copper Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $100.00 | $105.25 |
| Last Closing Price | $99.18 | $99.18 | $99.18 |
| Upside/Downside | -100.00% | 0.83% | 6.12% |
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 $99.18. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
Southern Copper's last stock rating was published by UBS on Jul 12, 2024. The company Initialise its SCCO rating from "Sell" to "Neutral".
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 | Jul 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 | - | $2.76B | $2.82B | $2.68B | $2.90B | $2.53B | $2.35B | $2.13B |
| Avg Forecast | $4.25B | $4.15B | $4.06B | $3.98B | $3.89B | $3.80B | $3.72B | $3.64B | $2.91B | $2.90B | $3.05B | $3.08B | $3.12B | $2.93B | $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 | $4.51B | $4.41B | $4.31B | $4.22B | $4.12B | $4.03B | $3.95B | $3.86B | $3.09B | $3.08B | $3.23B | $3.27B | $3.31B | $2.96B | $3.02B | $2.64B | $2.52B | $2.55B | $2.65B | $2.93B | $2.60B | $2.33B | $2.55B | $2.81B | $2.78B | $2.92B | $2.87B | $2.58B | $2.17B | $2.09B |
| Low Forecast | $4.04B | $3.95B | $3.86B | $3.78B | $3.70B | $3.62B | $3.54B | $3.46B | $2.77B | $2.76B | $2.90B | $2.93B | $2.96B | $2.90B | $2.71B | $2.36B | $2.45B | $2.28B | $2.37B | $2.62B | $2.33B | $2.09B | $2.55B | $2.63B | $2.60B | $2.72B | $2.68B | $2.41B | $2.02B | $1.95B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.92% | 1.01% | 1.15% | 0.98% | - | 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 | Jul 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 | 1 | 1 | 3 | 1 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.31B | $1.14B | $1.59B | $1.65B | $1.03B | - | $1.68B | $1.72B | $1.71B | $1.87B | $1.56B | $1.26B | $1.13B |
| Avg Forecast | $2.25B | $2.20B | $2.15B | $2.10B | $2.06B | $2.01B | $1.97B | $1.92B | $1.54B | $1.54B | $1.61B | $1.63B | $1.65B | $1.55B | $1.51B | $1.92B | $1.32B | $1.27B | $1.32B | $1.75B | $1.30B | $1.97B | $1.35B | $1.59B | $1.29B | $1.80B | $1.77B | $1.44B | $1.17B | $948.14M |
| High Forecast | $2.38B | $2.33B | $2.28B | $2.23B | $2.18B | $2.13B | $2.09B | $2.04B | $1.63B | $1.63B | $1.71B | $1.73B | $1.75B | $1.57B | $1.60B | $2.30B | $1.33B | $1.35B | $1.40B | $2.09B | $1.37B | $2.37B | $1.35B | $1.90B | $1.55B | $2.15B | $2.12B | $1.73B | $1.41B | $1.14B |
| Low Forecast | $2.14B | $2.09B | $2.04B | $2.00B | $1.96B | $1.91B | $1.87B | $1.83B | $1.46B | $1.46B | $1.53B | $1.55B | $1.57B | $1.53B | $1.43B | $1.54B | $1.29B | $1.21B | $1.26B | $1.40B | $1.23B | $1.58B | $1.35B | $1.27B | $1.03B | $1.44B | $1.41B | $1.15B | $937.98M | $758.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.86% | 0.91% | 1.27% | 0.52% | - | 1.06% | 1.34% | 0.95% | 1.06% | 1.08% | 1.08% | 1.19% |
5 analysts predict SCCO's average Quarter EBITDA for Dec 23 to be $1.32B, with a high of $1.33B and a low of $1.29B. This is 0.43% 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 | Jul 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 | 1 | 1 | 3 | 1 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $619.50M | $547.50M | $813.20M | $902.40M | $519.00M | - | $784.70M | $837.20M | $867.60M | $932.70M | $763.80M | $590.10M | $506.00M |
| Avg Forecast | $1.13B | $1.12B | $1.11B | $1.10B | $1.02B | $1.01B | $1.01B | $1.01B | $905.38M | $919.61M | $957.46M | $953.34M | $977.78M | $881.33M | $837.90M | $939.27M | $576.31M | $556.07M | $611.63M | $853.88M | $641.29M | $1.00B | $675.24M | $776.25M | $603.40M | $911.72M | $884.04M | $705.68M | $548.54M | $424.68M |
| High Forecast | $1.22B | $1.20B | $1.19B | $1.19B | $1.10B | $1.09B | $1.09B | $1.09B | $976.98M | $992.34M | $1.03B | $1.03B | $1.06B | $906.28M | $904.16M | $1.13B | $647.36M | $600.05M | $660.00M | $1.02B | $692.00M | $1.20B | $675.24M | $931.50M | $724.08M | $1.09B | $1.06B | $846.82M | $658.25M | $509.61M |
| Low Forecast | $1.06B | $1.04B | $1.03B | $1.03B | $952.41M | $948.45M | $946.22M | $945.58M | $847.39M | $860.71M | $896.13M | $892.28M | $915.15M | $856.38M | $784.23M | $751.41M | $497.37M | $520.46M | $572.46M | $683.10M | $600.21M | $802.31M | $675.24M | $621.00M | $482.72M | $729.37M | $707.23M | $564.55M | $438.83M | $339.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 0.90% | 0.95% | 1.41% | 0.52% | - | 1.01% | 1.39% | 0.95% | 1.06% | 1.08% | 1.08% | 1.19% |
Southern Copper's average Quarter net income forecast for Dec 23 is $576.31M, with a range of $497.37M to $647.36M. SCCO's average Quarter net income forecast represents a -6.97% 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 | Jul 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 | 1 | 1 | 3 | 1 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $32.70M | $31.00M | $30.40M | $33.60M | $30.20M | - | $30.30M | $32.30M | $31.30M | $31.40M | $30.10M | $32.20M | $33.40M |
| Avg Forecast | $60.00M | $58.69M | $57.41M | $56.16M | $54.93M | $53.73M | $52.56M | $51.41M | $41.11M | $41.01M | $43.08M | $43.54M | $44.04M | $41.37M | $40.21M | $37.01M | $35.18M | $33.90M | $35.29M | $33.65M | $34.62M | $36.18M | $36.04M | $30.59M | $32.93M | $32.89M | $29.76M | $27.81M | $29.93M | $28.03M |
| High Forecast | $63.65M | $62.26M | $60.91M | $59.58M | $58.28M | $57.00M | $55.76M | $54.54M | $43.61M | $43.50M | $45.70M | $46.19M | $46.72M | $41.81M | $42.65M | $44.42M | $35.63M | $35.96M | $37.44M | $40.38M | $36.72M | $43.42M | $36.04M | $36.71M | $39.51M | $39.47M | $35.71M | $33.37M | $35.92M | $33.64M |
| Low Forecast | $57.05M | $55.80M | $54.58M | $53.39M | $52.23M | $51.09M | $49.97M | $48.88M | $39.09M | $38.99M | $40.96M | $41.39M | $41.87M | $40.93M | $38.23M | $29.61M | $34.59M | $32.23M | $33.55M | $26.92M | $32.91M | $28.94M | $36.04M | $24.47M | $26.34M | $26.31M | $23.81M | $22.25M | $23.95M | $22.43M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 0.88% | 0.90% | 0.97% | 0.83% | - | 0.99% | 0.98% | 0.95% | 1.06% | 1.08% | 1.08% | 1.19% |
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 | Jul 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 | 1 | 1 | 3 | 1 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 7 | 7 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.80 | $0.71 | $1.05 | $1.17 | $0.67 | - | $1.02 | $1.08 | $1.12 | $1.21 | $0.99 | $0.76 | $0.65 |
| Avg Forecast | $1.45 | $1.43 | $1.41 | $1.41 | $1.30 | $1.30 | $1.29 | $1.29 | $1.16 | $1.18 | $1.22 | $1.22 | $1.25 | $1.13 | $1.07 | $0.75 | $0.74 | $0.71 | $0.78 | $1.00 | $0.82 | $0.54 | $0.87 | $1.09 | $1.13 | $1.18 | $1.19 | $0.92 | $0.70 | $0.55 |
| High Forecast | $1.56 | $1.54 | $1.52 | $1.52 | $1.40 | $1.40 | $1.39 | $1.39 | $1.25 | $1.27 | $1.32 | $1.32 | $1.35 | $1.16 | $1.16 | $0.81 | $0.83 | $0.77 | $0.84 | $1.08 | $0.88 | $0.59 | $0.87 | $1.13 | $1.18 | $1.23 | $1.23 | $0.96 | $0.73 | $0.57 |
| Low Forecast | $1.35 | $1.34 | $1.32 | $1.32 | $1.22 | $1.21 | $1.21 | $1.21 | $1.08 | $1.10 | $1.15 | $1.14 | $1.17 | $1.09 | $1.00 | $0.70 | $0.64 | $0.67 | $0.73 | $0.94 | $0.77 | $0.51 | $0.87 | $1.04 | $1.08 | $1.13 | $1.13 | $0.88 | $0.67 | $0.52 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.13% | 0.91% | 1.05% | 1.43% | 1.23% | - | 0.94% | 0.96% | 0.95% | 1.02% | 1.08% | 1.09% | 1.19% |
According to 5 Wall Street analysts, Southern Copper's projected average Quarter EPS for Dec 23 is $0.74, with a low estimate of $0.64 and a high estimate of $0.83. This represents a -7.91% 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 |
|---|---|---|---|---|---|
| HBM | Hudbay Minerals | $7.55 | $10.34 | 36.95% | Buy |
| SCCO | Southern Copper | $99.18 | $84.20 | -15.10% | Sell |
SCCO Forecast FAQ
Is Southern Copper a good buy?
No, according to 7 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 28.57% of SCCO's total ratings.
What is SCCO's price target?
Southern Copper (SCCO) average price target is $84.2 with a range of $54 to $137, implying a -15.10% from its last price of $99.18. The data is based on 7 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 -15.10% (from the last price of $99.18 to the average price target of $84.2), up by 38.13% based on the highest stock price target, and down by -45.55% based on the lowest stock price target.
Can Southern Copper stock reach $150?
SCCO's average twelve months analyst stock price target of $84.2 does not support the claim that Southern Copper can reach $150 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 $15.05B (high $15.97B, low $14.31B), average EBITDA is $7.96B (high $8.44B, low $7.57B), average net income is $4.05B (high $4.37B, low $3.79B), average SG&A $212.65M (high $225.58M, low $202.17M), and average EPS is $5.18 (high $5.59, low $4.85). SCCO's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $16.44B (high $17.44B, low $15.63B), average EBITDA is $8.69B (high $9.22B, low $8.27B), average net income is $4.45B (high $4.81B, low $4.17B), average SG&A $232.27M (high $246.4M, low $220.83M), and average EPS is $5.69 (high $6.14, low $5.33).
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 $6.21B by -13.00%. The company's net income was $2.64B, missing the average estimation of $3.1B by -14.77%. Apple's SG&A was $125M, missing the average forecast of $137.43M by -9.05%. Lastly, the company's EPS was $3.41, beating the average prediction of $3.32 by 2.61%. 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 3.34%. Southern Copper's net income was $619.5M, beating the average estimation of $556.07M by 11.41%. 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 $0.711 by 12.54%