A statement released earlier today by FBR Capital about Southern Copper (NYSE:SCCO) bumps the target price to $38.00
- Updated: September 17, 2016
Displaying a price of $26.01, Southern Copper (NYSE:SCCO) traded 0.31% lower on the day. The last close is down 5.53% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. The company has registered a 50-day moving average of $26.06 and 200-day average of $26.81. 1,019,075 shares of SCCO traded hands, down from ann average volume of 1,137,440
FBR Capital raised the price target of Southern Copper (NYSE:SCCO) to $38, reporting a possible upside of 0.46%,
On Thursday June 9 2016, Goldman Sachs reported about Southern Copper(NYSE:SCCO) upped the target price from $0.00 to $27.00. At the time, this suggested an upside of 0.03%.
A total of 16 brokers have released a research note on Southern Copper. One analyst rate the company a strong buy, one firm rate the stock a buy, 12 analyts rate the stock a hold, one firm rate the stock to underperform, and finally one firmrate the stock as sell with a one year target stock price of $28.81
Southern Copper has a P/E of 35 with a one-year low of $21.55 and a 52 week high of $31.31 and has a market cap of $0.0.
Brief Synopsis About Southern Copper (NYSE:SCCO)
Southern Copper Corporation is an integrated copper producer. It produces copper, molybdenum, zinc and silver. It operates through three segments: Peruvian operations, which include the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines; Mexican open-pit operations, which include the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a metals plant and a copper rod plant and support facilities that service both mines, and Mexican underground mining operations, which include over five underground mines that produce zinc, copper, silver and gold, a coal mine that produces coal and coke, and a zinc refinery. The Company’s operations include copper smelting, copper refining, copper rod production, solvent extraction/electrowinning, zinc refining, sulfuric acid production, molybdenum concentrate production, and and silver and gold refining.
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