Southern Copper Corp. Price Target Raised to $36.00 at BB&T Corp. (SCCO)
Equities research analysts at BB&T Corp. upped their target price on shares of Southern Copper Corp. (NASDAQ:SCCO) from $34.00 to $36.00 in a research note issued to investors on Friday, American Banking News.com reports. BB&T Corp.’s target price points to a potential upside of 20.32% from the stock’s previous close.
SCCO has been the subject of a number of other recent research reports. Analysts at Morgan Stanley upgraded shares of Southern Copper Corp. to an “equal weight” rating in a research note to investors on Friday. They now have a $32.90 price target on the stock. Separately, analysts at TheStreet upgraded shares of Southern Copper Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 20th. Finally, analysts at FBR Capital Markets upgraded shares of Southern Copper Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, January 14th. They now have a $35.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.64.
Shares of Southern Copper Corp. (NASDAQ:SCCO) traded up 5.20% on Friday, hitting $29.92. The stock had a trading volume of 2,710,442 shares. Southern Copper Corp. has a 52 week low of $24.50 and a 52 week high of $40.56. The stock’s 50-day moving average is $28.14 and its 200-day moving average is $27.61. The company has a market cap of $25.133 billion and a P/E ratio of 13.77.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Thursday, February 13th.
Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.