Southern Copper Corp Price Target Increased to $41.00 by Analysts at Credit Suisse (SCCO)
Equities researchers at Credit Suisse lifted their target price on shares of Southern Copper Corp (NASDAQ:SCCO) from $38.00 to $41.00 in a research report issued on Tuesday. Credit Suisse’s target price would suggest a potential upside of 24.66% from the company’s current price.
Southern Copper Corp (NASDAQ:SCCO) traded down 0.69% on Tuesday, hitting $32.89. The stock had a trading volume of 2,579,044 shares. Southern Copper Corp has a one year low of $24.50 and a one year high of $33.90. The stock’s 50-day moving average is $31.9 and its 200-day moving average is $30.07. The company has a market cap of $27.397 billion and a P/E ratio of 19.64.
Southern Copper Corp (NASDAQ:SCCO) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.01. On average, analysts predict that Southern Copper Corp will post $1.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Wednesday, August 13th.
SCCO has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Southern Copper Corp from $43.00 to $46.00 in a research note on Thursday, July 31st. They now have a “market perform” rating on the stock. Separately, 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, July 15th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $35.98.
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.