Southern Copper Corp (SCCO) is Reiterated by Cowen to Market Perform, Raises Price Target to $ 28

Southern Copper Corp (SCCO) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $24 . Cowen advised their investors in a research report released on May 3, 2016.

Many Wall Street Analysts have commented on Southern Copper Corp. Southern Copper Corp was Upgraded by BofA/Merrill to ” Neutral” on Mar 24, 2016. Company shares were Reiterated by FBR Capital on Mar 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $31 .Southern Copper Corp was Initiated by Berenberg to “Sell” on Feb 29, 2016.

Southern Copper Corp closed down -0.14 points or -0.47% at $29.53 with 11,48,093 shares getting traded on Monday. Post opening the session at $29.81, the shares hit an intraday low of $29.3 and an intraday high of $29.875 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jan 15, 2016, Oscar Gonzalez Rocha (CEO) purchased 8,000 shares at $25.91 per share price. According to the SEC, on Nov 23, 2015, German Larrea Mota Velasco (Chairman of the Board) purchased 334,000 shares at $27.14 per share price. On Mar 20, 2015, Quintanilla Daniel Muniz (director) sold 1,200 shares at $31.57 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Southern Copper Corp

Leave a Reply

Southern Copper Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Southern Copper Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.