Southern Copper (SCCO) Earning Somewhat Positive Press Coverage, Study Shows

News stories about Southern Copper (NYSE:SCCO) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Southern Copper earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 47.0031040536468 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Southern Copper (NYSE SCCO) traded up $1.12 on Wednesday, reaching $46.13. 1,042,903 shares of the company were exchanged, compared to its average volume of 948,852. The firm has a market capitalization of $34,477.05, a price-to-earnings ratio of 34.84, a PEG ratio of 0.79 and a beta of 0.62. Southern Copper has a 52-week low of $31.80 and a 52-week high of $46.31. The company has a quick ratio of 2.00, a current ratio of 3.01 and a debt-to-equity ratio of 0.90.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This is a positive change from Southern Copper’s previous quarterly dividend of $0.14. This represents a $1.00 dividend on an annualized basis and a yield of 2.17%. Southern Copper’s payout ratio is presently 78.13%.

A number of research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Southern Copper in a report on Wednesday, November 1st. Santander raised shares of Southern Copper from a “hold” rating to a “buy” rating in a report on Monday. BidaskClub raised shares of Southern Copper from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Scotiabank cut shares of Southern Copper from a “sector perform” rating to an “underperform” rating in a report on Monday, October 23rd. Finally, FBR & Co reaffirmed a “buy” rating on shares of Southern Copper in a report on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.86.

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About Southern Copper

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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