Southern Copper Corp (SCCO) Announces Quarterly Results
Southern Copper Corp (NASDAQ:SCCO) issued its quarterly earnings data on Tuesday. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.05, AnalystRatingsNetwork.com reports.
Southern Copper Corp (NASDAQ:SCCO) opened at 30.11 on Tuesday. Southern Copper Corp has a 52 week low of $24.50 and a 52 week high of $33.92. The stock’s 50-day moving average is $29.79 and its 200-day moving average is $28.47. The company has a market cap of $25.095 billion and a price-to-earnings ratio of 17.50.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Tuesday, May 27th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 22nd.
SCCO has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Southern Copper Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Analysts at Bank of America downgraded shares of Southern Copper Corp from a “buy” rating to a “neutral” rating in a research note on Thursday, April 24th. They now have a $32.00 price target on the stock, down previously from $32.50. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.53.
Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer.
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