Southern Copper Corp (NASDAQ:SCCO) declared a quarterly dividend on Monday, February 2nd, AmericanBankingNews.comreports. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.10 per share on Tuesday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, February 9th.
SCCO has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. lowered their price target on shares of Southern Copper Corp from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Analysts at Barclays initiated coverage on shares of Southern Copper Corp in a research note on Thursday, January 15th. They set an “overweight” rating on the stock. Finally, analysts at TheStreet downgraded shares of Southern Copper Corp from a “buy” rating to a “hold” rating in a research note on Monday, December 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.60.
Shares of Southern Copper Corp (NASDAQ:SCCO) traded up 2.18% on Wednesday, hitting $29.53. The stock had a trading volume of 1,048,099 shares. Southern Copper Corp has a 52 week low of $23.60 and a 52 week high of $33.90. The stock has a 50-day moving average of $27.44 and a 200-day moving average of $29.88. The company has a market cap of $24.160 billion and a P/E ratio of 17.32.
Southern Copper Corp (NASDAQ:SCCO) last posted its quarterly earnings results on Tuesday, November 11th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.06. Analysts expect that Southern Copper Corp will post $1.60 EPS for the current fiscal year.
Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer. The Company produces copper, molybdenum, zinc and silver. The Company has three operating segments Peruvian operations, Mexican open-pit operations and Mexican underground mining operations (IMMSA unit).All of its mining, smelting and refining facilities are located in Peru and Mexico and it conducts exploration activities in those countries and in Argentina, Chile and Ecuador.
Original Article: http://www.mideasttime.com/southern-copper-corp-to-issue-quarterly-dividend-of-0-10-on-march-3rd-scco/324946/
