Southern Copper Corporation (SCCO) : 8 analysts are covering Southern Copper Corporation (SCCO) and their average rating on the stock is 2.75, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Southern Copper Corporation (SCCO) : The highest short term price target forecast on Southern Copper Corporation (SCCO) is $38 and the lowest target price is $28. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $30.76 with a standard deviation of $3.4.
Also, HSBC upgrades their rating on the shares of Southern Copper Corporation (NYSE:SCCO). The current rating of the shares is Hold. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on August 26, 2016.
Southern Copper Corporation (NYSE:SCCO): After opening at $25.31, the stock dipped to an intraday low of $25.16 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $25.69 and the buying power remained strong till the end. The stock closed at $25.41 for the day, a gain of 0.28% for the day session. The total traded volume was 759,979. The stocks close on the previous trading day was $25.34.
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.