News coverage about Southern Copper Corporation (NYSE:SCCO) has trended positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Southern Copper Corporation earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 46.4258984594979 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Southern Copper Corporation (NYSE:SCCO) to Release Earnings on Monday (americanbankingnews.com)
- Southern Copper Corporation (NYSE:SCCO) Stock Traded Significantly Above Its 50 Day Moving Average (highlightpress.com)
- Southern Copper Corporation (SCCO) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Southern Copper Corporation (SCCO) & U.S. Silica Holdings (SLCA) Critical Review (americanbankingnews.com)
- Southern Copper Corp (SCCO)’s Technicals Placed in the Limelight – Evergreen Caller (evergreencaller.com)
Shares of Southern Copper Corporation (SCCO) traded up 2.24% during midday trading on Monday, reaching $37.92. 435,370 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $34.81 and its 200 day moving average price is $35.43. Southern Copper Corporation has a 12-month low of $24.90 and a 12-month high of $39.50. The company has a market cap of $29.31 billion, a price-to-earnings ratio of 32.38 and a beta of 0.53.
A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of Southern Copper Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. FBR & Co decreased their price objective on shares of Southern Copper Corporation from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, June 16th. Finally, Cowen and Company restated a “hold” rating on shares of Southern Copper Corporation in a research report on Tuesday, April 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Southern Copper Corporation has a consensus rating of “Hold” and an average target price of $32.75.
Southern Copper Corporation Company Profile
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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