Southern Copper Corp (SCCO) Posts Quarterly Earnings, Misses Expectations By $0.04 EPS
Southern Copper Corp (NASDAQ:SCCO) issued its quarterly earnings data on Monday. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.04, AnalystRatings.Net reports.
Southern Copper Corp (NASDAQ:SCCO) opened at 31.76 on Monday. Southern Copper Corp has a 52 week low of $24.50 and a 52 week high of $33.90. The stock has a 50-day moving average of $32.45 and a 200-day moving average of $30.24. The company has a market cap of $26.433 billion and a price-to-earnings ratio of 18.72.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Investors of record on Friday, August 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, August 13th.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley downgraded shares of Southern Copper Corp to an “underweight” rating in a research note on Wednesday, August 13th. They now have a $40.00 price target on the stock, down previously from $46.00. On a related note, analysts at FBR Capital Markets downgraded shares of Southern Copper Corp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 6th. They now have a $35.00 price target on the stock, down previously from $37.00. Finally, analysts at Credit Suisse raised their price target on shares of Southern Copper Corp from $38.00 to $41.00 in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $37.40.
Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer.
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