Somewhat Positive Media Coverage Somewhat Unlikely to Impact Southern Copper (SCCO) Stock Price
News stories about Southern Copper (NYSE:SCCO) have trended somewhat positive on Thursday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Southern Copper earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.4713074749453 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Liquidity Position Starks by: Canadian National Railway Company (NYSE:CNI), Southern Copper Corporation (NYSE … – Investing News Update (investingbizz.com)
- Southern Copper Corporation (NYSE:SCCO) – Market Worth in Focus – Nasdaq Journal (press release) (nasdaqjournal.com)
- Southern Copper workers in Peru extend strike to ninth day … – Seeking Alpha (seekingalpha.com)
- What’s Keeping Copper Prices Strong this Year? (finance.yahoo.com)
- Southern Copper workers in Peru on strike for ninth day (feeds.reuters.com)
Southern Copper (NYSE:SCCO) traded down $0.45 during midday trading on Thursday, reaching $42.05. The company’s stock had a trading volume of 1,532,904 shares, compared to its average volume of 933,121. The company has a market cap of $33,286.59, a PE ratio of 33.64, a price-to-earnings-growth ratio of 0.68 and a beta of 0.63. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.01 and a quick ratio of 2.00. Southern Copper has a 12-month low of $31.55 and a 12-month high of $44.69.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were paid a $0.25 dividend. This is a boost from Southern Copper’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, November 7th. This represents a $1.00 annualized dividend and a yield of 2.38%. Southern Copper’s payout ratio is presently 78.13%.
SCCO has been the topic of several recent analyst reports. Zacks Investment Research upgraded Southern Copper from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective on the stock in a report on Saturday, October 28th. Barclays lifted their price objective on Southern Copper from $33.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, August 9th. BidaskClub cut Southern Copper from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 23rd. Cowen lifted their price objective on Southern Copper from $39.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $40.00 price objective on shares of Southern Copper in a report on Monday, October 23rd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Southern Copper currently has a consensus rating of “Hold” and a consensus target price of $38.88.
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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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