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Southern Copper (NYSE:SCCO) target bumped up to $40.00, released a ratings update earlier today by Goldman Sachs

Just yesterday Southern Copper (NYSE:SCCO) traded 0.67% higher at $43.52. Southern Copper’s 50-day average is $40.82 and its two hundred day average is $37.56. With the last stock price up 15.62% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. Trade Volume was up over the average, with 914,669 shares of SCCO changing hands over the typical 897,251

Goldman Sachs upped the price target of Southern Copper (NYSE:SCCO) to $40.00 reporting a possible downside of -0.08%.

Previously on 08/09/2017, Barclays Capital reported on Southern Copper (NYSE:SCCO) increased the target price from $33.00 to $35.00. At the time, this indicated a possible downside of -0.11%.

Recent Performance Chart

Southern Copper (NYSE:SCCO)

Southern Copper has PE ratio of 34.14 with a one year low of $26.52 and a one year high of $44.15 and has a market capitalization of $0.

Also covering Southern Copper's target, a total of 16 equity analysts have released a ratings update on SCCO. The one year price target is $28.81 with one brokerage rating the company a strong buy, one analyst rating the company a buy, twelve analysts rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Southern Copper (NYSE:SCCO)

Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit. The Peruvian operations segment includes 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. The Mexican open-pit operations segment includes 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. As of December 31, 2016, the Mexican underground mining operations segment included five underground mines that produce zinc, copper, silver and gold, a coal mine and a zinc refinery.

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