Short Term Rating on Southern Copper Corporation (SCCO)

Southern Copper Corporation (SCCO) : 1 brokerage houses believe that Southern Copper Corporation (SCCO) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Southern Copper Corporation (SCCO). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 2.8.

Southern Copper Corporation (SCCO) : The most positive equity analysts on Southern Copper Corporation (SCCO) expects the shares to touch $33, whereas, the least positive believes that the stock will trade at $26 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $29.68 with an expected fluctuation of $2.39 from the mean.

Company shares have received an average consensus rating of Hold for the current week


Southern Copper Corporation (NYSE:SCCO): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.48 and $26.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.34, notching a gain of 1.04% for the day. The total traded volume was 1,938,811 . The stock had closed at $26.07 on the previous day.

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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