News headlines about Southern Copper Corporation (NYSE:SCCO) have been trending positive on Wednesday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Southern Copper Corporation earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 41 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Southern Copper Corporation (NYSE:SCCO) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Luxfer Holdings PLC (LXFR) and Southern Copper Corporation (SCCO) Critical Review (americanbankingnews.com)
- The Devil in the Details: Analysts Take Aim at Southern Copper Corporation (NYSE:SCCO) – Evergreen Caller (evergreencaller.com)
- Chart in Focus: Freeport-McMoRan’s 2Q17 Earnings (finance.yahoo.com)
- Southern Copper Corporation (SCCO) Ex-Dividend Date Scheduled for August 07, 2017 – Nasdaq (nasdaq.com)
A number of equities research analysts recently weighed in on the stock. Cowen and Company reaffirmed a “hold” rating and issued a $39.00 target price on shares of Southern Copper Corporation in a research note on Wednesday, July 19th. BidaskClub raised shares of Southern Copper Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, FBR & Co decreased their price target on shares of Southern Copper Corporation from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, June 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.53.
Southern Copper Corporation (NYSE SCCO) opened at 39.28 on Wednesday. The firm’s 50 day moving average is $36.66 and its 200 day moving average is $36.20. Southern Copper Corporation has a 1-year low of $24.90 and a 1-year high of $39.94. The stock has a market capitalization of $30.36 billion, a P/E ratio of 30.88 and a beta of 0.55.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.43%. The ex-dividend date is Monday, August 7th. This is a positive change from Southern Copper Corporation’s previous quarterly dividend of $0.12. Southern Copper Corporation’s dividend payout ratio is presently 37.50%.
In related news, Chairman German Larrea Mota Velasco sold 25,070 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $39.50, for a total transaction of $990,265.00. Following the sale, the chairman now owns 3,477,097 shares in the company, valued at approximately $137,345,331.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 900,670 shares of company stock worth $35,575,771 in the last 90 days. 0.53% of the stock is currently owned by insiders.
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About Southern Copper Corporation
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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