Shares of Southern Copper Corp. (NYSE:SCCO) have been given a consensus recommendation of “Hold” by the eighteen analysts that are currently covering the firm. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $28.70.

A number of analysts have commented on the stock. Vetr downgraded shares of Southern Copper Corp. from a “buy” rating to a “hold” rating and set a $25.75 price target on the stock. in a research report on Tuesday, August 30th. Barclays PLC boosted their price target on shares of Southern Copper Corp. from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. Zacks Investment Research upgraded shares of Southern Copper Corp. from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, May 24th. FBR & Co boosted their price target on shares of Southern Copper Corp. from $33.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, August 22nd. Finally, Credit Suisse Group AG cut shares of Southern Copper Corp. from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $28.00 to $20.00 in a research note on Friday, July 1st.

Shares of Southern Copper Corp. (NYSE:SCCO) traded up 0.24% during trading on Tuesday, hitting $25.56. 242,132 shares of the company traded hands. The firm has a 50 day moving average price of $25.96 and a 200-day moving average price of $26.82. The stock has a market cap of $19.78 billion, a price-to-earnings ratio of 35.26 and a beta of 1.17. Southern Copper Corp. has a one year low of $21.55 and a one year high of $31.31.

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Southern Copper Corp. (NYSE:SCCO) last released its quarterly earnings results on Monday, July 25th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Southern Copper Corp. had a net margin of 11.40% and a return on equity of 10.36%. Analysts predict that Southern Copper Corp. will post $1.06 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, August 9th. Southern Copper Corp.’s dividend payout ratio is currently 27.40%.

Hedge funds have recently bought and sold shares of the company. Checchi Capital Advisers LLC boosted its stake in Southern Copper Corp. by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 4,453 shares of the company’s stock valued at $120,000 after buying an additional 128 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Southern Copper Corp. by 0.9% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 22,493 shares of the company’s stock valued at $607,000 after buying an additional 201 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Southern Copper Corp. by 6.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 9,744 shares of the company’s stock valued at $263,000 after buying an additional 583 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Southern Copper Corp. by 1.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 50,264 shares of the company’s stock valued at $1,313,000 after buying an additional 800 shares in the last quarter. Finally, Creative Planning boosted its stake in Southern Copper Corp. by 6.8% in the second quarter. Creative Planning now owns 16,418 shares of the company’s stock valued at $443,000 after buying an additional 1,047 shares in the last quarter. Institutional investors and hedge funds own 6.25% of the company’s stock.

Southern Copper Corp. Company Profile

Southern Copper Corporation is an integrated copper producer. It produces copper, molybdenum, zinc and silver. It operates through three segments: Peruvian operations, which include the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines; Mexican open-pit operations, which include the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a metals plant and a copper rod plant and support facilities that service both mines, and Mexican underground mining operations, which include over five underground mines that produce zinc, copper, silver and gold, a coal mine that produces coal and coke, and a zinc refinery.

5 Day Chart for NYSE:SCCO

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