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 1.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.14%, 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 1.31% in the last 1 week, and is up 0.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.77% and the 50-Day Moving Average is 1.13%.The 200 Day SMA reached 0.39%
Southern Copper Corporation (NYSE:SCCO): The stock opened in the green at $26.5 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $26.7 and a low of $26.3 for the day. The stock did not find buyers even at the lows and closed at $26.3 recording a loss of -0.49%. 923,980 shares exchanged hands during the trading day. The stock had closed at $26.3 in the previous days trading.
Southern Copper Corporation (SCCO) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $38 and the lowest price target forecast is $28. The average forecast of all the analysts is $30.85 and the expected standard deviation is $3.33.
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.