Southern Copper Corporation (SCCO) has risen sharply, recording gains of 2.74% in the past 4 weeks. However, the stock has corrected -0.61% in the past 1 week, providing a good buying opportunity on dips. Southern Copper Corporation (SCCO) : During the past 4 weeks, traders have been relatively bearish on Southern Copper Corporation (SCCO), hence the stock is down -3.76% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.21% relative to the S&P 500.
Southern Copper Corporation (NYSE:SCCO): The stock opened at $26.25 on Friday but the bulls could not build on the opening and the stock topped out at $26.39 for the day. The stock traded down to $25.84 during the day, due to lack of any buying support eventually closed down at $26.26 with a loss of -0.30% for the day. The stock had closed at $26.34 on the previous day. The total traded volume was 733,143 shares.
The stock has recorded a 20-day Moving Average of 0.22% and the 50-Day Moving Average is 0.9%. Southern Copper Corp. has dropped 9.88% during the last 3-month period . Year-to-Date the stock performance stands at 0.83%.
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.