Southern Copper Corp (NYSE: SCCO). Extremely significant positive changes in investment behavior have recently occurred: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Positive development: significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SCCO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Southern Copper has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Southern Copper has a poor Appreciation Score of 17 but a neutral Power Rating of 51, with the Negative Value Trend Rating the result.
Recent Price Action
Southern Copper Corp (NYSE: SCCO) stock closed at $82.28 on 12/15/23 after a modest gain of 0.7%. Moreover, exceptionally high trading volume at 224% of normal accompanied the advance. The stock has risen 14.8% during the last week and has been strong relative to the market over the last nine months.
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