$0.62 EPS Expected for Southern Copper Corporation (SCCO)

April 27, 2018 - By Richard Conner

Southern Copper Corporation (NYSE:SCCO) LogoInvestors sentiment is 1.07 in Q4 2017. Its the same as in 2017Q3. It is without change, as 22 investors sold Southern Copper Corporation shares while 76 reduced holdings. only 46 funds opened positions while 59 raised stakes. 49.13 million shares or 4.13% more from 47.18 million shares in 2017Q3 were reported.
Stratos Wealth Limited reported 0% in Southern Copper Corporation (NYSE:SCCO). Oakmont invested 1.55% in Southern Copper Corporation (NYSE:SCCO). Eaton Vance Mgmt stated it has 0% in Southern Copper Corporation (NYSE:SCCO). Bridgeway Cap Mgmt reported 0.11% of its portfolio in Southern Copper Corporation (NYSE:SCCO). Bnp Paribas Arbitrage accumulated 0.01% or 102,961 shares. Pictet Asset reported 146,471 shares or 0.02% of all its holdings. Td Asset Mgmt reported 207,700 shares. Richard Bernstein Advisors Limited Liability Corporation accumulated 11,239 shares. North Star Investment Management holds 1,212 shares. Bessemer Grp has invested 0% of its portfolio in Southern Copper Corporation (NYSE:SCCO). 41,454 are owned by Citadel Advisors Ltd Limited Liability Company. Hsbc Pcl reported 145,819 shares or 0.01% of all its holdings. Employees Retirement Association Of Colorado has 0% invested in Southern Copper Corporation (NYSE:SCCO) for 3,101 shares. Corecommodity Mngmt Ltd holds 22,253 shares or 0.87% of its portfolio. Cypress Funds Limited Company accumulated 1.85% or 225,000 shares.

Since March 5, 2018, it had 0 insider purchases, and 1 insider sale for $31,380 activity.

Analysts expect Southern Copper Corporation (NYSE:SCCO) to report $0.62 EPS on May, 3.They anticipate $0.21 EPS change or 51.22 % from last quarter’s $0.41 EPS. SCCO’s profit would be $479.28M giving it 21.50 P/E if the $0.62 EPS is correct. The stock increased 0.57% or $0.3 during the last trading session, reaching $53.32. About 2.05M shares traded or 84.36% up from the average. Southern Copper Corporation (NYSE:SCCO) has risen 49.15% since April 27, 2017 and is uptrending. It has outperformed by 37.60% the S&P500.

Southern Copper Corporation (NYSE:SCCO) Ratings Coverage

Among 6 analysts covering Southern Copper (NYSE:SCCO), 1 have Buy rating, 2 Sell and 3 Hold. Therefore 17% are positive. Southern Copper had 8 analyst reports since November 3, 2017 according to SRatingsIntel. The company was downgraded on Friday, April 13 by J.P. Morgan. The firm has “Neutral” rating given on Monday, January 22 by UBS. The stock of Southern Copper Corporation (NYSE:SCCO) earned “Buy” rating by B. Riley & Co on Tuesday, March 6. The stock has “Underweight” rating by JP Morgan on Friday, April 13. Cowen & Co maintained Southern Copper Corporation (NYSE:SCCO) on Tuesday, February 6 with “Hold” rating. The firm earned “Neutral” rating on Thursday, April 19 by FBR Capital. The rating was maintained by Cowen & Co on Friday, November 3 with “Hold”.

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company has market cap of $41.22 billion. The firm is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. It has a 56.6 P/E ratio. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant.

Southern Copper Corporation (NYSE:SCCO) Institutional Positions Chart

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