Share on StockTwits

Shares of Southern Copper Corp (NASDAQ:SCCO) have been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the company, American Banking reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $37.40.

SCCO has been the subject of a number of recent research reports. 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. Separately, 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.

Southern Copper Corp (NASDAQ:SCCO) traded up 0.69% on Tuesday, hitting $32.15. The stock had a trading volume of 291,714 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 $32.55 and its 200-day moving average is $30.44. The company has a market cap of $26.758 billion and a price-to-earnings ratio of 18.94.

Southern Copper Corp (NASDAQ:SCCO) last announced its earnings results on Monday, August 18th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.04. On average, analysts predict that Southern Copper Corp will post $1.75 earnings per share for the current fiscal year.

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 1.50%. The ex-dividend date of this dividend is Wednesday, August 13th.

In other Southern Copper Corp news, Chairman German Larrea Mota Velasco purchased 100,000 shares of Southern Copper Corp stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $31.36 per share, for a total transaction of $3,136,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer.

Receive News & Ratings for Southern Copper Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Copper Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.