Southern Copper Corporation (NYSE:SCCO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.8 by 10 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 9 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Goldman Sachs initiates coverage on Southern Copper Corporation (NYSE:SCCO) In a research note issued to the investors, the brokerage major announces price-target of $27 per share.The shares have been rated Neutral. The rating by the firm was issued on June 9, 2016.
Southern Copper Corporation (NYSE:SCCO) stock has received a short term price target of $ 29.89 from 9 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $2.32. The higher estimate of target price is $33 , while the lower price target estimate is $26
Tuesdays trading session turned out to be a no-profit no-loss event for Southern Copper Corporation (NYSE:SCCO). The opening trade occurred at $27.03 and the highest and the lowest points of the day were $27.32 and $26.71 respectively. The final trade was registered at $27.24 and the volume by the end of the day had touched 1,165,929 shares. The 52-week high of the stock is $31.3299 and the 52-week low is $21.55. According to the current valuation, the market cap of the company is $21,076 million and the total number of shares available in public circulation is 773,707,070.
Shares of Southern Copper Corp. rose by 6.49% in the last five trading days and 2.02% for the last 4 weeks. Southern Copper Corp. has dropped 3.91% during the last 3-month period . Year-to-Date the stock performance stands at 4.6%.
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.