Southern Copper Corp (NYSE: SCCO) stock enjoyed a major increase of 10.1% on 3/13/24. The shares closed at $96.30. Moreover, this advance was accompanied by exceptionally high trading volume at 353% of normal. Relative to the market the stock has been strong over the last nine months and has risen 20.3% during the last week.
Current PriceTarget Research Rating
SCCO is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Southern Copper has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Southern Copper has a very low Appreciation Score of 13 but a slightly positive Power Rating of 61, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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