News coverage about Southern Copper Corporation (NYSE:SCCO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southern Copper Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.5250581287449 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Can Southern Copper Corp (SCCO) Thread the Needle? Technical Update – Evergreen Caller (evergreencaller.com)
- Southern Copper Corporation (SCCO) Technical Analysis and Chart Patterns – StockNewsGazette (stocknewsgazette.com)
- Look for Shares of Southern Copper to Potentially Pullback after Yesterday’s 2.82% Rise (mysmartrend.com)
- HSBC Downgrades Rating On Southern Copper Corporation (SCCO) – Modern Readers (modernreaders.com)
- Southern Copper Corporation (SCCO) Downgraded to Hold at HSBC Holdings plc (americanbankingnews.com)
Southern Copper Corporation (NYSE SCCO) traded up 0.26% during mid-day trading on Friday, hitting $39.12. 704,030 shares of the stock traded hands. The firm has a market capitalization of $30.24 billion, a P/E ratio of 30.75 and a beta of 0.55. Southern Copper Corporation has a 1-year low of $24.90 and a 1-year high of $40.23. The company has a 50-day moving average of $37.95 and a 200 day moving average of $36.34.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.14 per share. This is a positive change from Southern Copper Corporation’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 1.43%. The ex-dividend date is Monday, August 7th. Southern Copper Corporation’s dividend payout ratio is currently 43.75%.
A number of equities analysts recently commented on the stock. Barclays PLC raised their target price on shares of Southern Copper Corporation from $33.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, August 9th. HSBC Holdings plc downgraded shares of Southern Copper Corporation from a “buy” rating to a “hold” rating and set a $41.00 price target on the stock. in a research note on Wednesday. BidaskClub upgraded shares of Southern Copper Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Cowen and Company restated a “hold” rating and issued a $39.00 price target on shares of Southern Copper Corporation in a research note on Wednesday, July 19th. Finally, FBR & Co reduced their price target on shares of Southern Copper Corporation from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, June 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $34.97.
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In related news, Chairman German Larrea Mota Velasco sold 135,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $39.44, for a total transaction of $5,324,400.00. Following the transaction, the chairman now directly owns 3,737,967 shares of the company’s stock, valued at approximately $147,425,418.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 900,670 shares of company stock worth $35,575,771 over the last ninety days. 0.53% of the stock is currently owned by corporate insiders.
About Southern Copper Corporation
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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