Media headlines about Southern Copper (NYSE:SCCO) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southern Copper earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.9379629024872 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Southern Copper (SCCO) opened at $54.21 on Wednesday. The stock has a market capitalization of $42,044.99, a P/E ratio of 35.20 and a beta of 0.48. Southern Copper has a 1-year low of $32.63 and a 1-year high of $55.52. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.71 and a quick ratio of 1.82.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were issued a $0.30 dividend. This is an increase from Southern Copper’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 12th. This represents a $1.20 annualized dividend and a dividend yield of 2.21%. Southern Copper’s dividend payout ratio (DPR) is 77.92%.
A number of equities analysts have recently commented on SCCO shares. Santander upgraded Southern Copper from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Zacks Investment Research upgraded Southern Copper from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Friday, February 9th. B. Riley raised their price objective on Southern Copper from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, March 6th. Cowen reiterated a “market perform” rating and issued a $53.00 target price (up previously from $48.00) on shares of Southern Copper in a research report on Wednesday, February 7th. Finally, Citigroup reiterated a “neutral” rating on shares of Southern Copper in a research report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $46.56.
In related news, Director Bonilla Luis Miguel Palomino sold 600 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $52.30, for a total value of $31,380.00. Following the sale, the director now owns 5,614 shares of the company’s stock, valued at approximately $293,612.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.
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Southern Copper Company Profile
Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.
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