Southern Copper Corp PT Raised to $46.00 at BMO Capital Markets (SCCO)

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Investment analysts at BMO Capital Markets upped their price objective on shares of Southern Copper Corp (NASDAQ:SCCO) from $43.00 to $46.00 in a note issued to investors on Thursday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 42.33% from the stock’s previous close.

A number of other firms have also recently commented on SCCO. Analysts at Jefferies Group cut their price target on shares of Southern Copper Corp from $47.00 to $46.00 in a research note on Tuesday, July 15th. Analysts at TheStreet downgraded shares of Southern Copper Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.48.

Southern Copper Corp (NASDAQ:SCCO) opened at 32.32 on Thursday. Southern Copper Corp has a one year low of $24.50 and a one year high of $33.90. The stock has a 50-day moving average of $31.69 and a 200-day moving average of $30.00. The company has a market cap of $26.935 billion and a price-to-earnings ratio of 19.55.

Southern Copper Corp (NASDAQ:SCCO) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.01. Analysts expect that Southern Copper Corp will post $1.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, August 13th.

Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer.

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