Southern Copper Corporation (NYSE: SCCO) is a major integrated copper producer. Headquartered in Mexico, it operates mining, smelting, and refining facilities in Mexico and Peru. SCCO is one of the largest publicly traded copper companies globally, producing copper, molybdenum, zinc, and silver. Its low-cost operations make it a key player in the copper industry.
Key Takeaways:
- Southern Copper Corporation (NYSE: SCCO) is a prominent copper producer with a diversified mining portfolio.
- Global demand for copper and the company’s operational efficiency significantly influence SCCO’s stock price.
- Our analysis provides detailed price forecasts for SCCO from 2024 to 2050, including low, average, and high estimates.
- The projected stock price for 2050 is $3500, reflecting a strong bullish sentiment driven by market dynamics and SCCO’s strategic positioning.
- Investors can use our forecasts to make informed decisions and capitalize on potential growth opportunities.
Overview of Southern Copper Corporation
Southern Copper Corporation has its origins dating back to 1952 when it was established in Delaware. Initially focused solely on copper production, the company diversified over time into other metals like molybdenum, silver, and zinc. A pivotal moment came in 2005 when Southern Copper acquired Southern Peru Copper Corporation, cementing its status as a copper industry heavyweight.
The Mexican conglomerate Grupo México owns an 88.9% stake in Southern Copper. With mining operations and smelters in Mexico and Peru, it ranks among the globe’s largest copper mining companies.
Southern Copper Corporation Company Profile
| Country | Mexico |
| Ticker Symbol | SCCO |
| Exchange | New York Stock Exchange (NYSE) and Lima Stock Exchange (LSE) |
| Founded | 1952 |
| IPO Date | 1996 |
| Industry | Mining |
| Sector | Specialty Mining & Metals |
| Employees | 15,810 |
| CEO | Oscar González Rocha |
| Market Cap (Jun 5, 2024) | $87.37 billion |
| Website | southerncoppercorp |
Southern Copper Corporation (SCCO) Balance Sheet Analysis
Southern Copper (SCCO) ended 2023 with $16.73 billion in total assets and $7.48 billion in total equity. Its total liabilities were $9.24 billion, including $0.78 billion in capital lease obligations. The company’s total capitalization stood at $13.67 billion.
SCCO had $7.03 billion in total debt, while its net debt was $5.10 billion after accounting for cash. Its net tangible assets were $7.36 billion. The mining giant maintained $3.04 billion in working capital to cover short-term obligations.
The company’s share count remained relatively stable, with 893.8 million shares issued and 781.2 million ordinary shares outstanding. Its invested capital matched the total capitalization at $13.67 billion.
Overall, Southern Copper’s 2023 balance sheet position appears solid, with a robust asset base, manageable debt levels, and ample liquidity to support operations and growth initiatives.
Balance Sheet Data Source: finance.yahoo
Southern Copper Corporation Stock Price History
Southern Copper Corporation (NYSE: SCCO) had its IPO in the year 1996. Southern Copper stock (SCCO) has undergone two splits, on July 10, 2008 (3:1) and October 3, 2006 (2:1). Cumulatively, one pre-2006 share equals six present shares. This stock split history, spanning 2006 to 2008, showcases the company’s growth trajectory, rewarding long-term shareholders with increased affordability and liquidity in the process.1
As of June 6, 2024, the stock stands at $113.86.
SCCO Stock Price Forecast 2024
In 2024, we anticipate SCCO’s stock price to remain relatively stable, with a low price projection of $108.00 and a high price estimate of $126.00. The average price is expected to be around $118.00, representing a modest 3.7% growth compared to the current price. The stability in 2024 can be attributed to the company’s consistent operational performance and the gradual recovery of the global economy from the impacts of the pandemic.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $108.00 | $118.00 | $126.00 |
SCCO Stock Price Forecast 2025
In 2025, SCCO’s stock price is expected to experience a more significant uptick, driven by increasing global demand for copper and the company’s strategic expansion initiatives. We project a low price of $122.00, an average price of $132.00, and a high price of $140.00, representing a 11.9% year-over-year growth. This growth can be attributed to the company’s successful implementation of cost-cutting measures and the increasing adoption of copper in various industries, including renewable energy and construction.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $122.00 | $132.00 | $140.00 |
SCCO Stock Price Forecast 2026
2026 is poised to be a strong year for SCCO, with the stock price reflecting the company’s operational efficiencies and favorable market conditions. Our forecast indicates a low price of $138.00, an average price of $149.00, and a high price of $158.00, marking a 12.9% increase compared to 2025. The company’s focus on sustainable mining practices and its commitment to environmental, social, and governance (ESG) principles are expected to contribute to its positive performance in 2026.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $138.00 | $149.00 | $158.00 |
SCCO Stock Price Forecast 2027
In 2027, SCCO’s stock price is expected to continue its upward trajectory, fueled by robust demand for copper and the company’s strategic investments. We project a low price of $156.00, an average price of $169.00, and a high price of $179.00, representing a 13.4% year-over-year growth. The company’s strong financial position and its ability to leverage emerging technologies, such as automation and digitalization, are anticipated to drive its performance in 2027.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $156.00 | $169.00 | $179.00 |
SCCO Stock Price Forecast 2028
2028 is anticipated to be a strong year for SCCO, with the stock price reflecting the company’s continued dominance in the copper market. Our forecast indicates a low price of $177.00, an average price of $192.00, and a high price of $204.00, marking a 13.6% increase compared to 2027. The company’s strategic partnerships and joint ventures with other industry players are expected to contribute to its growth, enabling it to leverage shared resources and expertise.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $177.00 | $192.00 | $204.00 |
SCCO Stock Price Forecast 2029
In 2029, SCCO’s stock price is expected to maintain its upward momentum, driven by the company’s strategic initiatives and favorable market conditions. We project a low price of $201.00, an average price of $218.00, and a high price of $232.00, representing a 13.5% year-over-year growth. The company’s focus on innovation, research, and development is anticipated to play a crucial role in its success, enabling it to develop more efficient mining techniques and explore new applications for copper.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $201.00 | $218.00 | $232.00 |
SCCO Stock Price Forecast 2030
2030 is poised to be a significant year for SCCO, with the stock price reflecting the company’s operational excellence and increasing global demand for copper. Our forecast indicates a low price of $228.00, an average price of $248.00, and a high price of $264.00, marking a 13.8% increase compared to 2029. The company’s commitment to sustainability and its efforts to reduce its environmental footprint are expected to resonate with investors, contributing to its positive performance in 2030.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $228.00 | $248.00 | $264.00 |
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SCCO Stock Price Forecast 2031
In 2031, SCCO’s stock price is expected to continue its upward trajectory, fueled by the company’s strategic investments and favorable market conditions. We project a low price of $259.00, an average price of $282.00, and a high price of $301.00, representing a 13.7% year-over-year growth. The company’s diversification efforts, including exploring new mining opportunities in different regions, are anticipated to contribute to its resilience and growth in 2031.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $259.00 | $282.00 | $301.00 |
SCCO Stock Price Forecast 2032
2032 is anticipated to be a strong year for SCCO, with the stock price reflecting the company’s continued dominance in the copper market. Our forecast indicates a low price of $295.00, an average price of $321.00, and a high price of $343.00, marking a 13.8% increase compared to 2031. The company’s focus on employee development, talent retention, and fostering a positive corporate culture are expected to contribute to its success, enabling it to attract and retain top talent in the industry.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $295.00 | $321.00 | $343.00 |
SCCO Stock Price Forecast 2033
In 2033, SCCO’s stock price is expected to maintain its upward momentum, driven by the company’s strategic initiatives and favorable market conditions. We project a low price of $336.00, an average price of $366.00, and a high price of $391.00, representing a 14.0% year-over-year growth. The company’s strong emphasis on Corporate Social Responsibility (CSR) initiatives and its commitment to sustainable development are anticipated to resonate positively with environmentally conscious investors, contributing to its growth in 2033.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $336.00 | $366.00 | $391.00 |
SCCO Stock Price Forecast 2034
2034 is poised to be a significant year for SCCO, with the stock price reflecting the company’s operational excellence and increasing global demand for copper. Our forecast indicates a low price of $383.00, an average price of $417.00, and a high price of $446.00, marking a 13.9% increase compared to 2033. The company’s strategic acquisitions and mergers are expected to play a crucial role in its growth, enabling it to expand its operations, diversify its portfolio, and gain access to new markets and resources.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $383.00 | $417.00 | $446.00 |
SCCO Stock Price Forecast 2035
In 2035, SCCO’s stock price is expected to continue its upward trajectory, fueled by the company’s strategic investments and favorable market conditions. We project a low price of $436.00, an average price of $475.00, and a high price of $508.00, representing a 13.9% year-over-year growth. The company’s focus on leveraging emerging technologies, such as artificial intelligence and machine learning, is anticipated to enhance its operational efficiency and contribute to its strong performance in 2035.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $436.00 | $475.00 | $508.00 |
SCCO Stock Price Forecast 2036
2036 is anticipated to be a strong year for SCCO, with the stock price reflecting the company’s continued dominance in the copper market. Our forecast indicates a low price of $497.00, an average price of $541.00, and a high price of $579.00, marking a 13.9% increase compared to 2035. The company’s commitment to transparency and good corporate governance practices is expected to instill confidence in investors, contributing to its positive performance in 2036.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $497.00 | $541.00 | $579.00 |
SCCO Stock Price Forecast 2037
In 2037, SCCO’s stock price is expected to maintain its upward momentum, driven by the company’s strategic initiatives and favorable market conditions. We project a low price of $566.00, an average price of $617.00, and a high price of $660.00, representing a 14.0% year-over-year growth. The company’s focus on developing innovative products and services, as well as exploring new applications for copper, is anticipated to contribute to its growth and market leadership in 2037.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $566.00 | $617.00 | $660.00 |
SCCO Stock Price Forecast 2038
2038 is poised to be a significant year for SCCO, with the stock price reflecting the company’s operational excellence and increasing global demand for copper. Our forecast indicates a low price of $645.00, an average price of $703.00, and a high price of $752.00, marking a 14.0% increase compared to 2037. The company’s strategic partnerships and collaborations with research institutions and academic organizations are expected to drive innovation and contribute to its success in 2038.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $645.00 | $703.00 | $752.00 |
SCCO Stock Price Forecast 2039
In 2039, SCCO’s stock price is expected to continue its upward trajectory, fueled by the company’s strategic investments and favorable market conditions. We project a low price of $735.00, an average price of $801.00, and a high price of $857.00, representing a 14.0% year-over-year growth. The company’s commitment to employee well-being, including initiatives focused on health, safety, and work-life balance, is anticipated to contribute to a positive corporate culture and attract top talent, supporting its growth in 2039.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $735.00 | $801.00 | $857.00 |
SCCO Stock Price Forecast 2040
2040 is anticipated to be a strong year for SCCO, with the stock price reflecting the company’s continued dominance in the copper market. Our forecast indicates a low price of $838.00, an average price of $913.00, and a high price of $977.00, marking a 14.0% increase compared to 2039. The company’s strong focus on risk management and its ability to navigate through potential market volatility and geopolitical challenges are expected to contribute to its resilience and growth in 2040.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $838.00 | $913.00 | $977.00 |
SCCO Stock Price Forecast 2050
In 2050, SCCO’s stock price is expected to reach unprecedented heights, fueled by the company’s strategic initiatives, operational excellence, and favorable market conditions. We project a low price of $2,205.00, an average price of $2,402.00, and a high price of $2,570.00, representing a staggering 163.3% increase compared to 2040. This substantial growth is driven by the company’s dominance in the copper market and its ability to capitalize on global demand. The company’s commitment to sustainability, innovation, and ethical business practices is anticipated to resonate strongly with investors, contributing to its remarkable performance in 2050.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $2,205.00 | $2,402.00 | $2,570.00 |
Conclusion
Our comprehensive analysis of Southern Copper Corporation’s (NYSE: SCCO) stock price forecast paints a promising picture for the company’s future. With a projected stock price of $3,500 by 2050, SCCO is poised to capitalize on the increasing global demand for copper and its strategic positioning in the market. The company’s operational excellence, vertical integration, and diversified portfolio position it as a formidable player in the industry.
FAQs
1. What is the future of SCCO share price?
According to our comprehensive analysis, the future of Southern Copper Corporation’s (SCCO) share price looks promising. Our forecasts project a substantial increase in the stock price, reaching an average price of $2,402 and a high price of $2,570 by 2050. This significant growth is driven by several factors, including the company’s strategic positioning, operational excellence, and the increasing global demand for copper.
2. What is the SCCO share prediction for 2030?
In 2030, we predict that SCCO’s stock price will range between $228 (low price) and $264 (high price), with an average price of $248. This represents a 13.8% increase compared to 2029, reflecting the company’s continued dominance in the copper market and its ability to capitalize on favorable market conditions.
3. What is the SCCO 10-year outlook?
Our 10-year outlook for SCCO is highly positive. From 2030 to 2040, we anticipate the stock price to experience a substantial increase, with a projected CAGR of approximately 14.5%. By 2040, we forecast an average price of $913 and a high price of $977, marking a significant milestone for the company.
4. Is SCCO a buy, hold, or sell?
Based on our comprehensive analysis and the projected growth trajectory, SCCO presents a compelling investment opportunity, making it a strong “buy” recommendation for investors seeking long-term growth and exposure to the copper market. However, it is essential for investors to conduct their own due diligence and consider their investment goals, risk tolerance, and portfolio diversification strategies.
5. Who are the major competitors of SCCO?
Southern Copper Corporation operates in a highly competitive industry, and some of its major competitors include:
- Freeport-McMoRan Inc. (FCX)
- BHP Group Limited (BHP)
- Rio Tinto Group (RIO)
- Glencore Plc (GLEN)
- Antofagasta Plc (ANTO)
- First Quantum Minerals Ltd. (FM)
- Teck Resources Limited (TECK)
- Codelco (Chilean state-owned copper mining company)
These companies are also major players in the global copper market and may influence market dynamics and pricing. It is essential for SCCO to maintain its competitive edge through operational excellence, strategic investments, and innovative practices to maintain its position in the industry.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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