Southern Copper (SCCO) Getting Somewhat Positive Press Coverage, Analysis Finds

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:

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.

Shares of Southern Copper (NYSE SCCO) traded down $0.17 during midday trading on Friday, hitting $49.93. The stock had a trading volume of 558,927 shares, compared to its average volume of 819,517. The company has a market cap of $38,728.70, a PE ratio of 32.42, a price-to-earnings-growth ratio of 0.71 and a beta of 0.61. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.01 and a quick ratio of 2.00. Southern Copper has a 12 month low of $32.63 and a 12 month high of $50.32.

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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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