Brokerage Firm Rating Update on Southern Copper Corporation (SCCO)

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 most positive equity analysts on Southern Copper Corporation (SCCO) expects the shares to touch $38, whereas, the least positive believes that the stock will trade at $28 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $30.76 with an expected fluctuation of $3.4 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, HSBC upgrades its outlook on Southern Copper Corporation (NYSE:SCCO). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Sell. The rating by the firm was issued on August 26, 2016.

Southern Copper Corporation (NYSE:SCCO): stock was range-bound between the intraday low of $25.89 and the intraday high of $26.42 after having opened at $26.3 on Wednesdays session. The stock finally closed in the red at $26.3, a loss of -1.67%. The stock remained in the red for the whole trading day. The total traded volume was 882,194 shares. The stock failed to cross $26.42 in Wednesdays trading. The stocks closing price on Thursday was $26.4.

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.

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