Recent extremely meaningful negative changes in investment behavior have impacted Southern Copper Corp (NYSE: SCCO): its longer term price trend turned down, and negative upside/downside volume developed.
Southern Copper Corp (NYSE: SCCO) has recently experienced important negative changes in fundamentals: the stock’s power rating fell below 50, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Southern Copper has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Southern Copper has a slightly negative Power Rating of 37 and a slightly negative Appreciation Score of 30, producing the Negative Value Trend Rating.
Recent Price Action
Southern Copper Corp (NYSE: SCCO) stock rose modestly by 0.6% on 12/23/24. The stock closed at $93.57. However, this advance was accompanied by unusually low trading volume at 64% of normal. The stock has declined -6.4% during the last week and has been weak relative to the market over the last nine months.
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