News headlines about Southern Copper (NYSE:SCCO) have trended positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Southern Copper earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 45.9297892562561 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Southern Copper Corp (SCCO) Director Bonilla Luis Miguel Palomino Sells 600 Shares (americanbankingnews.com)
- B. Riley Weighs in on Southern Copper Corp’s Q1 2018 Earnings (SCCO) (americanbankingnews.com)
- Southern Copper Corp Expected to Post Q3 2018 Earnings of $0.62 Per Share (SCCO) (americanbankingnews.com)
- Southern Copper (SCCO) Price Target Increased to $57.00 by Analysts at B. Riley (americanbankingnews.com)
- Amundi Pioneer Asset Management Inc. Buys 2,190,857 Shares of Southern Copper Corp (SCCO) (americanbankingnews.com)
Shares of Southern Copper (SCCO) traded up $0.59 on Friday, reaching $54.56. The company’s stock had a trading volume of 1,190,000 shares, compared to its average volume of 1,190,000. Southern Copper has a 12-month low of $32.63 and a 12-month high of $55.52. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.00 and a current ratio of 2.71. The firm has a market capitalization of $42,180.00, a price-to-earnings ratio of 27.84 and a beta of 0.48.
SCCO has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Southern Copper from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Friday, February 9th. Santander upgraded Southern Copper from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. B. Riley boosted their price target on Southern Copper from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, March 6th. Cowen restated a “market perform” rating and set a $53.00 price target (up from $48.00) on shares of Southern Copper in a report on Wednesday, February 7th. Finally, Citigroup restated a “neutral” rating on shares of Southern Copper in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Southern Copper has an average rating of “Hold” and a consensus price target of $46.56.
In related news, Director Bonilla Luis Miguel Palomino sold 600 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $52.30, for a total transaction of $31,380.00. Following the completion of the sale, the director now owns 5,614 shares in the company, valued at $293,612.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by corporate insiders.
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About Southern Copper
Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.
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