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How Are Analysts Rating Southern Copper This Earnings Season?

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Jan. 24 2017, Updated 10:38 a.m. ET

Southern Copper

According to the NASDAQ website, Southern Copper (SCCO) is expected to release its 4Q16 earnings on February 24. We should note that this is only a tentative date because we still don’t have formal communication from the company regarding its 4Q16 earnings release date.

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Analyst ratings

According to the consensus estimates compiled by Thomson Reuters, Southern Copper has a mean one-year price target of $32.53, representing a 10.7% downside from its closing price on January 20. Of the 16 analysts surveyed by Thomson Reuters, only one has recommended Southern Copper as a “strong buy,” while two have recommended it as a “buy.” The stock has received a “strong sell” rating from one analyst, while three analysts have recommended the stock as a “sell.” The remaining nine analysts have recommended a “hold” on the stock.

By contrast, Teck Resources (TCK) has received a “buy” or equivalent recommendation from 68% of analysts. We should note, however, that along with copper (BHP), Teck Resources also sells steelmaking coal and zinc (GLNCY).

Earnings estimates

Analysts expect Southern Copper to post revenues of $1.5 billion in 4Q16, as compared to ~$1.3 billion in 4Q15 and $1.4 billion in 3Q16.

SCCO’s adjusted EPS (earnings per share) is expected to rise to $0.33 in 4Q16, as compared to $0.09 in 4Q15.

In the next part, we’ll look at analysts’ ratings for Teck Resources (TCK).

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