Southern Copper Corporation (SCCO) Getting Somewhat Positive Press Coverage, Study Shows
News headlines about Southern Copper Corporation (NYSE:SCCO) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Southern Copper Corporation earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.5929169564004 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Southern Copper Corp (SCCO) Price Lingering Above the Cloud – Evergreen Caller (evergreencaller.com)
- Southern Copper Corporation (SCCO) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- The BidaskClub Upgrades Southern Copper Corporation (SCCO) to “Strong-Buy” (expressnewsline.com)
- Despite Wider Commodity Weakness, Copper Remains Very Strong (JJC) (etfdailynews.com)
- Southern Copper Corporation (SCCO) technical analysis: Which way the stock is headed? – StockNewsGazette (stocknewsgazette.com)
Several brokerages have recently commented on SCCO. BidaskClub raised Southern Copper Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. HSBC Holdings plc downgraded Southern Copper Corporation from a “buy” rating to a “hold” rating and set a $41.00 target price for the company. in a report on Wednesday, August 16th. Barclays PLC upped their target price on Southern Copper Corporation from $33.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, August 9th. Cowen and Company reaffirmed a “hold” rating and set a $39.00 target price on shares of Southern Copper Corporation in a report on Wednesday, July 19th. Finally, FBR & Co reduced their target price on Southern Copper Corporation from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Southern Copper Corporation presently has a consensus rating of “Hold” and an average price target of $36.29.
Shares of Southern Copper Corporation (NYSE SCCO) opened at 41.30 on Tuesday. The company has a 50-day moving average price of $39.38 and a 200 day moving average price of $36.52. The stock has a market capitalization of $31.93 billion, a P/E ratio of 32.47 and a beta of 0.55. Southern Copper Corporation has a 52 week low of $24.90 and a 52 week high of $41.77.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.36%. This is a boost from Southern Copper Corporation’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, August 7th. Southern Copper Corporation’s payout ratio is presently 43.75%.
In other Southern Copper Corporation news, Chairman German Larrea Mota Velasco sold 235,800 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $39.51, for a total value of $9,316,458.00. Following the completion of the transaction, the chairman now directly owns 3,502,167 shares of the company’s stock, valued at $138,370,618.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 900,670 shares of company stock valued at $35,575,771. Insiders own 0.53% of the company’s stock.
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Southern Copper Corporation 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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