Dividend Report: Nov 29, 2016 is the day that Southern Copper Corporation (NYSE:SCCO) claims $0.05 dividends could be paid.

Dividend Report: Nov 29, 2016 is the day that Southern Copper Corporation (NYSE:SCCO) claims $0.05 dividends could be paid.

Southern Copper Corporation (NYSE:SCCO) is expected to pay $0.05 on Nov 29, 2016. The indicated annual dividend is $0.20. Shareholders owning the stock before Nov 7, 2016 will be eligible to receive the payout. Based on Southern Copper Corporation’s current price of $27.33, the dividend is 0.18%. This dividend’s record date is Nov 9, 2016 and the announcement date is Oct 21, 2016. The stock increased 2.07% or $0.56 on November 4, hitting $27.33. About 1.39 million shares traded hands or 50.89% up from the average. Southern Copper Corp (NYSE:SCCO) has risen 1.33% since April 5, 2016 and is uptrending. It has underperformed by 0.62% the S&P500.

Southern Copper Corporation is an integrated copper producer. The company has a market cap of $20.41 billion. It produces copper, molybdenum, zinc and silver. It has a 37.55 P/E ratio. It operates through three divisions: Peruvian operations, which include the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines; Mexican open-pit operations, which include the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a metals plant and a copper rod plant and support facilities that service both mines, and Mexican underground mining operations, which include over five underground mines that produce zinc, copper, silver and gold, a coal mine that produces coal and coke, and a zinc refinery.

Insitutional Activity: The institutional sentiment decreased to 0.54 in Q2 2016. Its down 0.12, from 0.66 in 2016Q1. The ratio dropped, as 26 funds sold all Southern Copper Corp shares owned while 102 reduced positions. 23 funds bought stakes while 46 increased positions. They now own 45.01 million shares or 16.46% less from 53.88 million shares in 2016Q1.
Canada Pension Plan Invest Board holds 66 shares or 0% of its portfolio. Ngam Advsr Lp last reported 58,985 shares in the company. Gulf Natl Bank (Uk) Ltd holds 17,783 shares or 0.01% of its portfolio. State Board Of Administration Of Florida Retirement System, a Florida-based fund reported 169,872 shares. Manufacturers Life Insur Communication The accumulated 72,041 shares or 0% of the stock. Teachers Advisors accumulated 229,221 shares or 0.01% of the stock. Martin Currie last reported 502,300 shares in the company. Metropolitan Life Insurance Co Ny accumulated 0% or 4,169 shares. First Natl holds 13,000 shares or 0.05% of its portfolio. Moreover, Bryn Mawr Trust Communications has 0.12% invested in Southern Copper Corp (NYSE:SCCO) for 70,019 shares. Agf has invested 0.13% of its portfolio in Southern Copper Corp (NYSE:SCCO). California Employees Retirement System holds 696,383 shares or 0.03% of its portfolio. The New York-based New York State Common Retirement Fund has invested 0.02% in Southern Copper Corp (NYSE:SCCO). Moreover, Ladenburg Thalmann Svcs has 0.01% invested in Southern Copper Corp (NYSE:SCCO) for 17,966 shares. Creative Planning accumulated 0% or 16,418 shares.

Southern Copper Corp (NYSE:SCCO) Ratings Coverage

Out of 10 analysts covering Southern Copper (NYSE:SCCO), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. Southern Copper has been the topic of 17 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Southern Copper Corp (NYSE:SCCO) earned “Hold” rating by HSBC on Friday, October 16. The stock of Southern Copper Corp (NYSE:SCCO) earned “Neutral” rating by JP Morgan on Monday, August 31. BMO Capital Markets downgraded Southern Copper Corp (NYSE:SCCO) rating on Wednesday, March 23. BMO Capital Markets has “Market Perform” rating and $30 price target. The firm earned “Outperform” rating on Monday, August 22 by FBR Capital. The firm earned “Hold” rating on Tuesday, December 8 by Santander. The firm has “Underperform” rating given on Tuesday, October 6 by Bank of America. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, June 9 report. The rating was initiated by FBR Capital on Friday, September 18 with “Outperform”. The company was upgraded on Friday, August 26 by HSBC. The company was downgraded on Friday, July 1 by Credit Suisse.

More news for Southern Copper Corp (NYSE:SCCO) were recently published by: Fool.com, which released: “Why Southern Copper Corp. Stock Rose 15.7% in March” on April 10, 2016. Seekingalpha.com‘s article titled: “Southern Copper Corp. Is Going Down” and published on August 22, 2016 is yet another important article.

SCCO Company Profile

Southern Copper Corporation, incorporated on September 7, 1995, is an integrated copper producer. The Firm produces copper, molybdenum, zinc and silver. The Firm operates in three divisions: Peruvian operations, Mexican open-pit activities and Mexican underground mining operations. The Peruvian activities segment includes the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines. The Mexican open-pit activities segment includes the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a metals plant and a copper rod plant and support facilities that service both mines. The Mexican underground mining activities segment includes over five underground mines that produce zinc, copper, silver and gold, a coal mine and a zinc refinery. The Company’s activities include open-pit and underground mining, concentrating, copper smelting, copper refining, copper rod production, solvent extraction/electrowinning (SX-EW), zinc refining, sulfuric acid production, molybdenum concentrate production, and silver and gold refining.

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