Analyst Price Target Update on Southern Copper Corporation (NYSE:SCCO)

Southern Copper Corporation (NYSE:SCCO): The stock price is expected to reach $ 29.89 in the short term. The number of analysts agreeing with this consensus is 9. The higher estimate for the short term price target is at $33 while the lower estimate is at $26. The standard deviation of the price stands at $2.32.

Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Southern Copper Corporation (NYSE:SCCO) . The global brokerage major announces a current price target of $27 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The rating by the firm was issued on June 9, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Southern Copper Corp/, Rocha Oscar Gonzalez had purchased shares worth of $207,280 in a transaction dated on November 27, 2015. A total of 8,000 shares were purchased at a price of $25.91 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Southern Copper Corporation (NYSE:SCCO) : On Monday heightened volatility was witnessed in Southern Copper Corporation (NYSE:SCCO) which led to swings in the share price. The stock opened for trading at $25.96 and hit $26.24 on the upside , eventually ending the session at $26.01, with a gain of 0.15% or 0.04 points. The heightened volatility saw the trading volume jump to 931,251 shares. The 52-week high of the share price is $31.35 and the company has a market cap of $20,124 million. The 52-week low of the share price is at $21.55 .

Southern Copper Corporation is a copper producer. The Company produces copper, molybdenum, zinc and silver. The Company operates in three segments: Peruvian operations, Mexican open-pit operations and Mexican IMMSA unit. Peruvian operations segment includes the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a precious metals plant industrial railroad and port facilities that service both mines. Mexican open-pit operations segment includes the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a precious metals plant and a copper rod plant and support facilities that service both mines. Mexican IMMSA unit segment includes five underground mines. Its operations include open-pit and underground mining, concentrating, copper smelting, copper refining, copper rod production, solvent extraction/electrowinning, zinc refining, sulfuric acid production, molybdenum concentrate production and silver and gold refining.

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