Stock Rating Upgrade
The Value Trend Rating for Southern Copper Corp (NYSE: SCCO) improved in the last week from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Southern Copper Corp (NYSE: SCCO) stock suffered a large decline of -5.6% on 11/8/24. The stock closed at $107.11. Trading volume in this decline was normal. The stock has been strong relative to the market over the last nine months but has declined -2.2% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Southern Copper has a poor Appreciation Score of 27 but a good Power Rating of 70, with the Low Neutral Value Trend Rating the result.
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