Southern Copper (SCCO) to Release Earnings on Friday

Southern Copper (NYSE:SCCOGet Free Report) is projected to issue its quarterly earnings data before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $1.02 per share and revenue of $2.87 billion for the quarter.

Southern Copper Trading Up 0.2 %

Shares of Southern Copper stock opened at $93.43 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. Southern Copper has a 1 year low of $77.42 and a 1 year high of $129.79. The firm has a market cap of $73.39 billion, a PE ratio of 24.05, a PEG ratio of 1.79 and a beta of 1.13. The company has a 50 day simple moving average of $96.04 and a two-hundred day simple moving average of $102.54.

Southern Copper Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.70 per share. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, February 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.00%. Southern Copper’s dividend payout ratio (DPR) is presently 72.09%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Scotiabank cut their price target on shares of Southern Copper from $54.00 to $52.00 and set a “sector underperform” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley upgraded Southern Copper from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $106.30 to $102.00 in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upgraded Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 price target on the stock in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $94.81.

Check Out Our Latest Stock Analysis on Southern Copper

About Southern Copper

(Get Free Report)

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.

Further Reading

Earnings History for Southern Copper (NYSE:SCCO)

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