Southern Copper (NYSE:SCCO) Issues Earnings Results

Southern Copper (NYSE:SCCO) issued its quarterly earnings data on Wednesday. The basic materials company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01), Zacks reports. Southern Copper had a return on equity of 37.11% and a net margin of 27.67%.

Southern Copper Price Performance

Southern Copper stock opened at $94.10 on Thursday. Southern Copper has a 12 month low of $77.42 and a 12 month high of $129.79. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $95.50 and its 200 day simple moving average is $102.18. The company has a market cap of $73.92 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.85 and a beta of 1.13.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Tuesday, February 11th will be paid a $0.70 dividend. This is an increase from Southern Copper’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.80 annualized dividend and a yield of 2.98%. Southern Copper’s dividend payout ratio is presently 72.09%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SCCO shares. Morgan Stanley raised Southern Copper from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $106.30 to $102.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. raised 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 research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.