Southern Copper Corp has a consensus price target of $73 based on the ratings of 13 analysts. The high is $130 issued by Jefferies on March 22, 2024. The low is $40 issued by Citigroup on July 13, 2022. The 3 most-recent analyst ratings were released by UBS, Morgan Stanley, and Scotiabank on July 12, 2024, June 21, 2024, and May 21, 2024, respectively. With an average price target of $91.33 between UBS, Morgan Stanley, and Scotiabank, there's an implied -13.84% downside for Southern Copper Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Southern Copper (NYSE:SCCO) was reported by UBS on July 12, 2024. The analyst firm set a price target for $120.00 expecting SCCO to rise to within 12 months (a possible 13.21% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Southern Copper (NYSE:SCCO) was provided by UBS, and Southern Copper initiated their neutral rating.
The last upgrade for Southern Copper Corp happened on March 22, 2024 when Jefferies raised their price target to $130. Jefferies previously had a hold for Southern Copper Corp.
The last downgrade for Southern Copper Corp happened on November 27, 2023 when Morgan Stanley changed their price target from $83 to $68 for Southern Copper Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Southern Copper, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Southern Copper was filed on July 12, 2024 so you should expect the next rating to be made available sometime around July 12, 2025.
While ratings are subjective and will change, the latest Southern Copper (SCCO) rating was a initiated with a price target of $0.00 to $120.00. The current price Southern Copper (SCCO) is trading at is $106.00, which is within the analyst’s predicted range.
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