Southern Copper Corp. (NYSE:SCCO)‘s stock had its “hold” rating restated by stock analysts at Barclays PLC in a research report issued on Tuesday. They presently have a $30.00 target price on the stock. Barclays PLC’s price objective suggests a potential upside of 1.21% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Vetr cut Southern Copper Corp. from a “buy” rating to a “hold” rating and set a $26.54 target price on the stock. in a research note on Monday, July 11th. Zacks Investment Research raised Southern Copper Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. FBR & Co boosted their target price on Southern Copper Corp. from $33.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. HSBC raised Southern Copper Corp. from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.01 to $31.50 in a research note on Friday, August 26th. Finally, TheStreet raised Southern Copper Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Southern Copper Corp. has an average rating of “Hold” and an average price target of $27.98.

Analyst Recommendations for Southern Copper Corp. (NYSE:SCCO)

Shares of Southern Copper Corp. (NYSE:SCCO) opened at 29.64 on Tuesday. The stock has a market capitalization of $22.91 billion, a price-to-earnings ratio of 34.55 and a beta of 0.63. Southern Copper Corp. has a 52-week low of $21.55 and a 52-week high of $31.31. The company has a 50-day moving average price of $26.99 and a 200-day moving average price of $26.68.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Wednesday, November 9th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Monday, November 7th. Southern Copper Corp.’s dividend payout ratio (DPR) is 27.40%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. acquired a new position in shares of Southern Copper Corp. during the second quarter worth about $103,000. Checchi Capital Advisers LLC increased its position in shares of Southern Copper Corp. by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 4,453 shares of the company’s stock worth $120,000 after buying an additional 128 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Southern Copper Corp. by 3,954.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,204 shares of the company’s stock worth $167,000 after buying an additional 6,051 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Southern Copper Corp. by 19.9% in the second quarter. Van ECK Associates Corp now owns 6,342 shares of the company’s stock worth $171,000 after buying an additional 1,051 shares during the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in shares of Southern Copper Corp. during the second quarter worth about $177,000. 6.15% of the stock is currently owned by hedge funds and other institutional investors.

Southern Copper Corp. Company Profile

Southern Copper Corporation is an integrated copper producer. It produces copper, molybdenum, zinc and silver. It operates through three segments: Peruvian operations, which include the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines; Mexican open-pit operations, which include the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a metals plant and a copper rod plant and support facilities that service both mines, and Mexican underground mining operations, which include over five underground mines that produce zinc, copper, silver and gold, a coal mine that produces coal and coke, and a zinc refinery.

5 Day Chart for NYSE:SCCO

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