Southern Copper (SCCO) Expected to Announce Earnings on Friday

Southern Copper (NYSE:SCCO - Get Free Report) is projected to post its quarterly earnings results before the market opens on Friday, February 7th. Analysts expect Southern Copper to post earnings of $1.02 per share for the quarter.

Southern Copper Stock Down 1.0 %

SCCO stock traded down $0.96 during mid-day trading on Friday, reaching $91.69. 1,217,091 shares of the company traded hands, compared to its average volume of 961,267. The stock has a market cap of $72.02 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.79 and a beta of 1.14. Southern Copper has a fifty-two week low of $77.42 and a fifty-two week high of $129.79. The firm's 50 day moving average price is $96.39 and its 200 day moving average price is $102.76. The company has a quick ratio of 2.31, a current ratio of 2.77 and a debt-to-equity ratio of 0.64.

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. The ex-dividend date is Monday, February 10th. This is a boost from Southern Copper's previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 3.05%. Southern Copper's dividend payout ratio (DPR) is 72.09%.

Analyst Ratings Changes

Several research firms have recently issued reports on SCCO. 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 report on Monday, December 2nd. Morgan Stanley upgraded Southern Copper from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $106.30 to $102.00 in a research note on Thursday, December 12th. Finally, Scotiabank lowered their price objective on 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. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.