Southern Copper Co. (NYSE:SCCO) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.17.
Several analysts recently issued reports on the stock. UBS lowered shares of Southern Copper from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. B. Riley lowered shares of Southern Copper from a “buy” rating to a “neutral” rating and cut their target price for the company from $57.34 to $57.00 in a research report on Thursday, April 19th. Zacks Investment Research lowered shares of Southern Copper from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. JPMorgan Chase lowered shares of Southern Copper from a “neutral” rating to an “underweight” rating and set a $45.00 target price for the company. in a research report on Friday, April 13th. Finally, Citigroup restated a “neutral” rating on shares of Southern Copper in a research report on Monday, January 22nd.
In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 600 shares of Southern Copper stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $52.30, for a total transaction of $31,380.00. Following the transaction, the director now owns 5,614 shares of the company’s stock, valued at $293,612.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by insiders.
Southern Copper traded down $0.04, hitting $51.99, during trading hours on Thursday, according to Marketbeat. 413,908 shares of the company’s stock traded hands, compared to its average volume of 1,040,088. The company has a current ratio of 2.81, a quick ratio of 1.92 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $40.03 billion, a price-to-earnings ratio of 33.62 and a beta of 0.49. Southern Copper has a 52 week low of $51.54 and a 52 week high of $52.21.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 23rd. Shareholders of record on Wednesday, May 9th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.31%. The ex-dividend date is Tuesday, May 8th.
About Southern Copper
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead.
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