Media headlines about Southern Copper Corporation (NYSE:SCCO) have trended positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Southern Copper Corporation earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.4258984594979 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Southern Copper Corporation (SCCO) Ownership Down in Latest Report from Norges Bank – First News 24 (firstnewspaper24.com)
- Southern Copper Corporation (NYSE:SCCO) Closed 5.9% Above Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- Southern Copper Corporation (SCCO) vs. U.S. Silica Holdings (SLCA) Head to Head Contrast (americanbankingnews.com)
- 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)
Several equities analysts recently weighed in on SCCO shares. FBR & Co lowered their target price on Southern Copper Corporation from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, June 16th. Barclays PLC boosted their price objective on Southern Copper Corporation from $33.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday. BidaskClub upgraded Southern Copper Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Cowen and Company restated a “hold” rating and issued a $39.00 price objective on shares of Southern Copper Corporation in a research report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Southern Copper Corporation has a consensus rating of “Hold” and an average target price of $33.78.
Shares of Southern Copper Corporation (NYSE:SCCO) traded down 0.44% during midday trading on Friday, reaching $38.38. The company’s stock had a trading volume of 839,825 shares. Southern Copper Corporation has a 52 week low of $24.90 and a 52 week high of $39.94. The stock has a market capitalization of $29.67 billion, a PE ratio of 30.17 and a beta of 0.55. The company has a 50 day moving average price of $37.32 and a 200-day moving average price of $36.31.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.14 per share. This is a positive change from Southern Copper Corporation’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Monday, August 7th. Southern Copper Corporation’s dividend payout ratio (DPR) is currently 43.75%.
In other Southern Copper Corporation news, Chairman German Larrea Mota Velasco sold 25,070 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $39.50, for a total transaction of $990,265.00. Following the completion of the transaction, the chairman now directly owns 3,477,097 shares of the company’s stock, valued at approximately $137,345,331.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 900,670 shares of company stock valued at $35,575,771. 0.53% of the stock is owned by company insiders.
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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