Southern Copper Corporation (SCCO) : Traders are bullish on Southern Copper Corporation (SCCO) as it has outperformed the S&P 500 by a wide margin of 0.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.13%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.46% in the last 1 week, and is up 0.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.17% and the fifty day Moving Average is 0.28%. Southern Copper Corp. has dropped 1.61% during the last three month period . Year-to-Date the stock performance stands at 0.53%.
Southern Copper Corporation (SCCO) : The consensus price target for Southern Copper Corporation (SCCO) is $30.76 for the short term with a standard deviation of $3.4. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $38, however, the pessimist price target for the company is $28.
Southern Copper Corporation (NYSE:SCCO): stock turned positive on Friday. Though the stock opened at $26.46, the bulls momentum made the stock top out at $27 level for the day. The stock recorded a low of $26.11 and closed the trading day at $26.13, in the green by 0.46%. The total traded volume for the day was 1,110,813. The stock had closed at $26.01 in the previous days trading.
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.