Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Southern Copper (SCCO) Share Price

News articles about Southern Copper (NYSE:SCCO) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog 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 media sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.1920402562277 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

A number of equities research analysts have recently issued reports on SCCO shares. Cowen reissued a “market perform” rating and issued a $53.00 price target (up from $48.00) on shares of Southern Copper in a report on Wednesday, February 7th. JPMorgan Chase & Co. downgraded shares of Southern Copper from a “neutral” rating to an “underweight” rating and set a $45.00 price target on the stock. in a report on Friday, April 13th. Zacks Investment Research raised shares of Southern Copper from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Friday, February 9th. B. Riley increased their price target on shares of Southern Copper from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, March 6th. Finally, UBS downgraded shares of Southern Copper from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Southern Copper currently has an average rating of “Hold” and a consensus target price of $46.39.

SCCO traded down $1.30 on Friday, reaching $50.05. The company had a trading volume of 723,110 shares, compared to its average volume of 945,378. The company has a market capitalization of $39.69 billion, a P/E ratio of 33.34 and a beta of 0.49. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.81 and a quick ratio of 1.92. Southern Copper has a 52-week low of $33.63 and a 52-week high of $58.09.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 23rd. Investors of record on Wednesday, May 9th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Tuesday, May 8th.

In related news, Director Bonilla Luis Miguel Palomino sold 600 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $52.30, for a total value of $31,380.00. Following the sale, the director now directly owns 5,614 shares of the company’s stock, valued at $293,612.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

About Southern Copper

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead.

Insider Buying and Selling by Quarter for Southern Copper (NYSE:SCCO)

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