Wednesday, February 1, 2017

Dividend Overview: Southern Copper Corporation (NYSE:SCCO)

Southern Copper Corporation (NYSE:SCCO) share price jumped at US$ 38.6 before falling back to end the trade at US$ 38.36 a share. The dividend stock is -1.31% off a 52-week high stock price of US$ 38.87 but is up 63.86% since hitting the US$ 23.54. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 44.66.

After a -0.21% fall from previous close of US$ 38.44, Southern Copper Corporation (SCCO) has a US$ 29.65 Billion market cap. The company pays a US$ 0.05-cent-per-share quarterly dividend, giving it a 0.52% yield. That brings its full year payout to US$ 0.2 and 19.8% annual payout ratio based on EPS.

The SCCO has soared 20.1% year-to-date. The equity has gained steam in recent weeks, with shares up about 36.47% in the past three months. It added 4.47%, climbed 18.95% and jumped 48.15% in the week, one month and six months, respectively. Revenue growth rate was recorded at -0.4% and net income per share was seen moving at a -12.5% rate in the past five years.

Southern Copper Corporation (NYSE:SCCO) is over -17% below analysts’ consensus price target of US$ 32.72. The stock has blown through analysts’ low price target of US$ 14.5, but is still below the high US$ 49 target. On a price appreciation basis over the past 12 months, the stock returned 48.99%.

The most recent short interest data show 9.33% of the company’s stock are short sold. It would take about 6.27 days to cover all short positions. In terms of volatility, it has a beta coefficient of 0.71 and technical analysis volatility indicator called Average True Range or ATR around 0.89.

Southern Copper Corporation (NYSE:SCCO) closed 34.31% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is 13.58% above another chart threshold, its 50-day moving average and 9.48% above its 20-day simple moving average.

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Dividend Overview: Southern Copper Corporation (NYSE:SCCO)

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