Southern Copper Corp (SCCO) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 38

Southern Copper Corp (SCCO) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 38 from a previous price target of $33 . FBR Capital advised their investors in a research report released on Aug 22, 2016.

Many Wall Street Analysts have commented on Southern Copper Corp. Southern Copper Corp was Downgraded by Credit Suisse to ” Underperform” on Jul 1, 2016. Southern Copper Corp was Initiated by Goldman to “Neutral” on Jun 9, 2016.

Southern Copper Corp closed down -0.38 points or -1.44% at $26.01 with 4,31,482 shares getting traded on Friday. Post opening the session at $26.15, the shares hit an intraday low of $25.92 and an intraday high of $26.245 and the price fluctuated in this range throughout the day.Shares ended Friday 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

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