Southern Copper Corp Director Morales Luis Castelazo Sells 1,000 Shares (SCCO)
Southern Copper Corp (NASDAQ:SCCO) Director Morales Luis Castelazo unloaded 1,000 shares of Southern Copper Corp stock on the open market in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $33.80, for a total transaction of $33,800.00. Following the sale, the director now directly owns 2,025 shares in the company, valued at approximately $68,445. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Southern Copper Corp (NASDAQ:SCCO) opened at 33.245 on Tuesday. Southern Copper Corp has a 1-year low of $24.50 and a 1-year high of $33.90. The stock’s 50-day moving average is $30.33 and its 200-day moving average is $29.55. The company has a market cap of $27.708 billion and a price-to-earnings ratio of 19.21.
Southern Copper Corp (NASDAQ:SCCO) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.05. Analysts expect that Southern Copper Corp will post $1.74 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Southern Copper Corp from $47.00 to $46.00 in a research note on Tuesday. Separately, analysts at BMO Capital Markets upgraded shares of Southern Copper Corp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 7th. They now have a $40.00 price target on the stock, up previously from $30.00. Finally, 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. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $34.88.
Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer.
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