Southern Copper Corp (NYSE:SCCO) stock price target increased to $30.00, issued a research note today by Zacks Investment Research
- Updated: October 8, 2016
Zacks Investment Research upped the target of Southern Copper Corp (NYSE:SCCO) to $30.00 reporting a possible upside of 0.13%.
On 8/30/2016, Vetr Inc. released a statement about Southern Copper Corp (NYSE:SCCO) upped the target price from $0.00 to $25.75 that suggested a downside of -0.02%.
Having a price of $26.62, Southern Copper Corp (NYSE:SCCO) traded -0.34% lower on the day. With the last stock price down -1.91% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $25.98 and a 200-day moving average of $26.73. 566,106 shares of the stock were exchanged, down from an average trading volume of 967,585
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Southern Copper Corp has a 52 week low of $21.55 and a 52 week high of $31.31 with a P/E ratio of 36.17 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 16 firms have issued a report on SCCO. The one year target is $28.81 with one equity analyst rating the company a strong buy, one equity analyst rating the company a buy, twelve equity analysts rating the company a hold, 1 firm rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Southern Copper Corp (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 silver and gold refining.
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