News stories about Southern Copper (NYSE:SCCO) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southern Copper earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.7292565292323 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Rallying Copper Stocks Await Bullish Analyst Revisions – Schaeffers Research (schaeffersresearch.com)
- Teck Resources in 2017: From Stake Sale to Share Buyback (finance.yahoo.com)
- Peru eyes $2.4 bln minerals railway as copper output rises (finance.yahoo.com)
- How the US Dollar Might Impact Copper Prices in 2018 (finance.yahoo.com)
- At $49.35, Is Southern Copper Corporation (NYSE:SCCO) A Buy? (finance.yahoo.com)
Several brokerages have recently weighed in on SCCO. B. Riley restated a “buy” rating on shares of Southern Copper in a report on Wednesday, November 1st. Zacks Investment Research upgraded Southern Copper from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a report on Wednesday. Scotiabank cut Southern Copper from a “sector perform” rating to an “underperform” rating in a report on Monday, October 23rd. FBR & Co restated a “buy” rating on shares of Southern Copper in a report on Monday, October 23rd. Finally, Santander upgraded Southern Copper from a “hold” rating to a “buy” rating in a report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.86.
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About Southern Copper
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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