Southern Copper Co. Declares Quarterly Dividend of $0.60 (NYSE:SCCO)

Southern Copper Co. (NYSE:SCCO) announced a quarterly dividend on Thursday, July 18th, NASDAQ reports. Shareholders of record on Friday, August 9th will be given a dividend of 0.60 per share by the basic materials company on Monday, August 26th. This represents a $2.40 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, August 9th.

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 traded up $0.51 during midday trading on Wednesday, hitting $99.71. The company had a trading volume of 211,646 shares, compared to its average volume of 1,196,759. Southern Copper has a 52 week low of $68.93 and a 52 week high of $129.79. The company has a quick ratio of 2.56, a current ratio of 3.31 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $77.89 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.04 and a beta of 1.20. The stock’s 50 day moving average price is $109.24 and its 200 day moving average price is $103.60.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of Southern Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Scotiabank decreased their target price on shares of Southern Copper from $55.00 to $54.00 and set a “sector underperform” rating for the company in a research report on Tuesday, May 21st. CICC Research began coverage on shares of Southern Copper in a research report on Wednesday, April 24th. They set an “outperform” rating for the company. UBS Group began coverage on shares of Southern Copper in a research report on Friday, July 12th. They set a “neutral” rating and a $120.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of Southern Copper from $81.70 to $100.00 and gave the stock an “underweight” rating in a research report on Friday, June 21st. Five 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 stock. According to MarketBeat.com, Southern Copper has a consensus rating of “Hold” and an average price target of $89.57.

About Southern Copper

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.