Southern Copper (SCCO) Projected to Post Earnings on Friday

Southern Copper (NYSE:SCCO) will likely be issuing its quarterly 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 Stock Performance

NYSE:SCCO opened at $92.54 on Friday. The firm has a market cap of $72.69 billion, a PE ratio of 23.82, a P/E/G ratio of 1.92 and a beta of 1.14. Southern Copper has a 1-year low of $77.42 and a 1-year high of $129.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.77 and a quick ratio of 2.31. The firm has a 50 day simple moving average of $96.72 and a 200-day simple moving average of $103.04.

Southern Copper Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.03%. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, February 10th. Southern Copper’s dividend payout ratio is 72.16%.

Analyst Upgrades and Downgrades

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

About Southern Copper

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.