Shares of Southern Copper Corp (NYSE:SCCO) have been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $45.67.

Several equities analysts recently commented on the stock. ValuEngine upgraded shares of Southern Copper from a “hold” rating to a “buy” rating in a report on Wednesday, June 6th. Berenberg Bank reiterated a “sell” rating and set a $39.00 price target on shares of Southern Copper in a report on Saturday, June 2nd. JPMorgan Chase & Co. upgraded shares of Southern Copper to a “sell” rating and set a $45.00 price target on the stock in a report on Tuesday, June 5th. Finally, Scotiabank set a $40.00 price target on shares of Southern Copper and gave the company a “sell” rating in a report on Monday, August 6th.

In other Southern Copper news, EVP Quintanilla Daniel Muniz sold 1,600 shares of the company’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $51.20, for a total value of $81,920.00. The sale was disclosed in a filing with the SEC, which is available through this link. 0.46% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of SCCO. Piedmont Investment Advisors LLC bought a new position in Southern Copper in the 2nd quarter worth about $122,000. Navellier & Associates Inc bought a new position in Southern Copper in the 2nd quarter worth about $139,000. Schroder Investment Management Group bought a new position in Southern Copper in the 2nd quarter worth about $158,000. Gables Capital Management Inc. bought a new position in shares of Southern Copper during the first quarter valued at approximately $185,000. Finally, Altman Advisors Inc. bought a new position in shares of Southern Copper during the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Shares of NYSE:SCCO opened at $43.78 on Friday. Southern Copper has a 12 month low of $38.34 and a 12 month high of $58.09. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.15 and a current ratio of 3.15.

Southern Copper (NYSE:SCCO) last issued its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.11). Southern Copper had a net margin of 13.78% and a return on equity of 15.50%. analysts expect that Southern Copper will post 2.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 21st. Shareholders of record on Wednesday, August 8th will be paid a $0.40 dividend. This is an increase from Southern Copper’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Monday, August 6th.

Southern Copper Company Profile

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.

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Analyst Recommendations for Southern Copper (NYSE:SCCO)

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