Stock Rating Upgrade
The Value Trend Rating for Southern Copper Corp (NYSE: SCCO) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 6/7/24, Southern Copper Corp (NYSE: SCCO) stock declined by -4.4%, closing at $108.90. NORMAL trading volume accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.2% during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Southern Copper has a slightly negative Appreciation Score of 35 but a very high Power Rating of 95, triggering the Positive Value Trend Rating.
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