Southern Copper Co. (SCCO) to Issue Quarterly Dividend of $0.60 on August 26th

Southern Copper Co. (NYSE:SCCO) declared a quarterly dividend on Thursday, July 18th, NASDAQ reports. Stockholders of record on Friday, August 9th will be given a dividend of 0.60 per share by the basic materials company on Monday, August 26th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, August 9th.

Southern Copper has raised its dividend payment by an average of 38.7% annually over the last three years.

Southern Copper Price Performance

Shares of NYSE:SCCO traded up $0.51 during trading on Wednesday, reaching $99.71. The stock had a trading volume of 211,646 shares, compared to its average volume of 1,196,759. Southern Copper has a 52 week low of $68.93 and a 52 week high of $129.79. The business’s 50-day moving average price is $109.24 and its 200 day moving average price is $103.60. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.31 and a quick ratio of 2.56. The stock has a market capitalization of $77.89 billion, a PE ratio of 33.21, a P/E/G ratio of 1.04 and a beta of 1.20.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Southern Copper in a research note on Friday, July 12th. They issued a “neutral” rating and a $120.00 target price for the company. HSBC lowered shares of Southern Copper from a “hold” rating to a “reduce” rating and set a $80.00 price target for the company. in a report on Monday, April 22nd. CICC Research started coverage on shares of Southern Copper in a report on Wednesday, April 24th. They issued an “outperform” rating for the company. StockNews.com raised shares of Southern Copper from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Finally, Morgan Stanley raised their price target on shares of Southern Copper from $81.70 to $100.00 and gave the company an “underweight” rating in a report on Friday, June 21st. Five research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $89.57.

About Southern Copper

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company 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, copper, molybdenum, silver, gold, and lead.