Media headlines about Southern Copper Corp (NYSE:SCCO) have trended somewhat positive this week, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Southern Copper Corp earned a media sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also assigned news stories about the basic materials company an impact score of 60 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Alpha One’s analysis:
- Fundamentals returning to the fore in mining, at long last (proactiveinvestors.co.uk)
- UPDATE 1-Peru’s Southern Copper workers mark 10 days on strike (SCCO, GMEXICOB) (markets.businessinsider.com)
- The Commodities Conundrum: Why the Cycle May Be Turning (finance.yahoo.com)
- Southern Copper Corp (SCCO) Receives Media Impact Score of 0.31 (americanbankingnews.com)
- Strikes hit mines in Peru and Mexico as retired US coal miners face health care cutoff (wsws.org)
Southern Copper Corp (NYSE:SCCO) traded down 0.1127% during midday trading on Friday, hitting $35.3501. The stock had a trading volume of 297,849 shares. The firm has a market cap of $27.33 billion, a P/E ratio of 35.2093 and a beta of 0.65. The stock has a 50-day moving average price of $35.98 and a 200 day moving average price of $33.65. Southern Copper Corp has a 12-month low of $24.90 and a 12-month high of $39.50.
A number of equities analysts recently weighed in on SCCO shares. Zacks Investment Research raised Southern Copper Corp from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, January 18th. FBR & Co reaffirmed a “buy” rating on shares of Southern Copper Corp in a report on Thursday, February 2nd. Cowen and Company reaffirmed a “hold” rating on shares of Southern Copper Corp in a report on Tuesday, April 11th. Berenberg Bank reaffirmed a “sell” rating and issued a $23.00 price target on shares of Southern Copper Corp in a report on Sunday, February 5th. Finally, Barclays PLC cut Southern Copper Corp from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $32.00 to $33.00 in a report on Thursday, February 9th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Southern Copper Corp has a consensus rating of “Hold” and an average target price of $31.69.
Southern Copper Corp 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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