Southern Copper Co. Declares — Dividend of $0.62 (NYSE:SCCO)

Southern Copper Co. (NYSE:SCCO) declared a — dividend on Tuesday, October 22nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 6th will be given a dividend of 0.62 per share by the basic materials company on Thursday, November 21st. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 6th.

Southern Copper has raised its dividend payment by an average of 38.7% per year over the last three years.

Southern Copper Price Performance

SCCO opened at $113.82 on Thursday. The company has a current ratio of 2.81, a quick ratio of 2.27 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $88.91 billion, a P/E ratio of 32.28, a PEG ratio of 1.17 and a beta of 1.18. The stock has a 50-day moving average price of $107.22 and a 200-day moving average price of $110.14. Southern Copper has a 12-month low of $68.93 and a 12-month high of $129.79.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Scotiabank cut their target price on Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, October 15th. Citigroup lifted their price objective on Southern Copper from $99.44 to $100.00 and gave the stock a “sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley upped their target price on Southern Copper from $97.00 to $100.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Finally, UBS Group assumed coverage on shares of Southern Copper in a report on Friday, July 12th. They issued a “neutral” rating and a $120.00 price target on the stock. Six research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $90.63.

Southern Copper Company Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. 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, copper, molybdenum, silver, gold, and lead.