Recent Analysts’ Ratings Changes for Southern Copper (SCCO)

A number of firms have modified their ratings and price targets on shares of Southern Copper (NYSE: SCCO) recently:

  • 2/10/2018 – Southern Copper was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Southern Copper Corporation is a mining metallurgical company, producer of copper and valuable by-products. “
  • 2/9/2018 – Southern Copper was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Southern Copper Corporation is a mining metallurgical company, producer of copper and valuable by-products. “
  • 2/7/2018 – Southern Copper had its “market perform” rating reaffirmed by analysts at Cowen Inc. They now have a $53.00 price target on the stock, up previously from $48.00.
  • 2/5/2018 – Southern Copper was downgraded by analysts at UBS Group AG from a “hold” rating to a “sell” rating.
  • 1/25/2018 – Southern Copper was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Southern Copper Corporation is a mining metallurgical company, producer of copper and valuable by-products. “
  • 1/22/2018 – Southern Copper had its “neutral” rating reaffirmed by analysts at Citigroup Inc.
  • 1/22/2018 – Southern Copper was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $50.50 price target on the stock, up previously from $48.00.
  • 1/10/2018 – Southern Copper was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “Southern Copper Corporation is a mining metallurgical company, producer of copper and valuable by-products. “
  • 12/18/2017 – Southern Copper was upgraded by analysts at Santander from a “hold” rating to a “buy” rating.

Southern Copper Corp (NYSE:SCCO) traded up $0.56 during trading hours on Monday, hitting $46.76. 65,349 shares of the stock were exchanged, compared to its average volume of 893,710. The stock has a market cap of $35,950.00, a P/E ratio of 49.74, a PEG ratio of 0.57 and a beta of 0.59. The company has a quick ratio of 2.00, a current ratio of 3.01 and a debt-to-equity ratio of 0.90. Southern Copper Corp has a 12-month low of $32.63 and a 12-month high of $50.90.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be paid a $0.30 dividend. This is a boost from Southern Copper’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 12th. This represents a $1.20 dividend on an annualized basis and a yield of 2.57%. Southern Copper’s payout ratio is presently 106.38%.

Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.

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