Southern Copper (SCCO) Expected to Announce Quarterly Earnings on Friday

Southern Copper (NYSE:SCCO) is expected to be releasing its earnings data before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $1.02 per share for the quarter.

Southern Copper Trading Up 1.3 %

NYSE SCCO opened at $92.54 on Friday. Southern Copper has a twelve month low of $77.42 and a twelve month high of $129.79. The stock has a market cap of $72.69 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.77. The firm’s 50 day moving average price is $96.72 and its two-hundred day moving average price is $103.04.

Southern Copper Increases Dividend

The business 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 $0.70 dividend. The ex-dividend date is Monday, February 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. This is a boost from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s payout ratio is currently 72.16%.

Analysts Set New Price Targets

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

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.