Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Southern Copper Corporation (SCCO) Share Price
Press coverage about Southern Copper Corporation (NYSE:SCCO) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southern Copper Corporation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.5483158581367 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Southern Copper Corporation (SCCO) Rating Lowered to Buy at BidaskClub (americanbankingnews.com)
- Southern Copper Corporation (SCCO) 8.84% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Southern Copper Corp. :SCCO-US: Earnings Analysis: Q2, 2017 By the Numbers : September 20, 2017 (finance.yahoo.com)
- ETFs with exposure to Southern Copper Corp. : September 22, 2017 (finance.yahoo.com)
Southern Copper Corporation (NYSE:SCCO) opened at 39.03 on Tuesday. The company’s 50 day moving average is $39.91 and its 200-day moving average is $36.72. The company has a market capitalization of $30.17 billion, a price-to-earnings ratio of 30.68 and a beta of 0.55. Southern Copper Corporation has a 52-week low of $25.46 and a 52-week high of $42.00.
A number of research analysts recently weighed in on the stock. FBR & Co dropped 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 report on Friday, June 16th. BidaskClub lowered shares of Southern Copper Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday. HSBC Holdings plc lowered 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 report on Wednesday, August 16th. Barclays PLC raised their price target on shares of Southern Copper Corporation from $33.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, August 9th. Finally, Cowen and Company reissued a “hold” rating and set a $39.00 price target on shares of Southern Copper Corporation in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.29.
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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 shares were sold at an average price of $39.44, for a total value of $5,324,400.00. Following the transaction, the chairman now owns 3,737,967 shares in the company, valued at approximately $147,425,418.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 900,670 shares of company stock worth $35,575,771. 0.53% of the stock is currently owned by company 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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