Southern Copper Co. (SCCO) To Go Ex-Dividend on November 6th

Southern Copper Co. (NYSE:SCCO) declared a — dividend on Thursday, October 17th, Wall Street Journal reports. Shareholders of record on Wednesday, November 6th will be paid 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 is Wednesday, November 6th.

Southern Copper has increased its dividend by an average of 38.7% annually over the last three years.

Southern Copper Stock Up 0.5 %

SCCO opened at $110.10 on Monday. The stock has a market cap of $86.01 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.27 and a current ratio of 2.81. The firm’s fifty day moving average is $108.45 and its 200 day moving average is $110.01. Southern Copper has a fifty-two week low of $68.93 and a fifty-two week high of $129.79.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SCCO. Morgan Stanley upped their price target on Southern Copper from $97.00 to $100.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. UBS Group started coverage on shares of Southern Copper in a research note on Friday, July 12th. They set a “neutral” rating and a $120.00 target price for the company. 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 note on Tuesday, October 15th. Finally, Citigroup raised their price objective on Southern Copper from $99.44 to $100.00 and gave the company a “sell” rating in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average 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.