Southern Copper Corporation (SCCO) To Go Ex-Dividend on February 10th

Southern Copper Corporation (NYSE:SCCO) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Tuesday, February 10th will be given a dividend of 1.00 per share by the basic materials company on Friday, February 27th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, February 10th. This is a 11.1% increase from Southern Copper’s previous quarterly dividend of $0.90.

Southern Copper has increased its dividend by an average of 0.0%annually over the last three years. Southern Copper has a dividend payout ratio of 90.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Southern Copper to earn $4.57 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 87.5%.

Southern Copper Trading Up 5.6%

SCCO opened at $200.10 on Friday. The business’s 50-day simple moving average is $163.33 and its 200-day simple moving average is $132.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.91 and a current ratio of 4.52. The company has a market cap of $162.52 billion, a P/E ratio of 37.61, a PEG ratio of 1.64 and a beta of 1.07. Southern Copper has a one year low of $74.84 and a one year high of $218.81.

Southern Copper’s stock is scheduled to split on Tuesday, February 10th. The 1.0085-1 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Monday, February 9th.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SCCO. Wall Street Zen downgraded shares of Southern Copper from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Morgan Stanley reissued an “underweight” rating and set a $156.00 price objective on shares of Southern Copper in a research note on Friday, January 30th. Itau BBA Securities lowered Southern Copper from a “market perform” rating to an “underperform” rating and set a $126.00 target price on the stock. in a research note on Monday, December 22nd. UBS Group reiterated a “sell” rating and set a $150.00 target price (up previously from $148.00) on shares of Southern Copper in a report on Tuesday. Finally, HSBC reissued a “hold” rating and issued a $118.00 price target (up from $105.00) on shares of Southern Copper in a report on Friday, October 17th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $137.65.

Southern Copper Company Profile

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.