Southern Copper Corp Receives Average Rating of “Hold” from Analysts (NASDAQ:SCCO)
Shares of Southern Copper Corp (NASDAQ:SCCO) have been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the company, Analyst Ratings Network.com reports. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $33.76.
A number of research firms have recently commented on SCCO. Analysts at Bank of America downgraded shares of Southern Copper Corp from a “buy” rating to a “neutral” rating in a research note on Thursday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Southern Copper Corp in a research note on Thursday, February 13th. Finally, analysts at Imperial Capital raised their price target on shares of Southern Copper Corp from $35.00 to $37.00 in a research note on Monday, February 10th. They now have an “outperform” rating on the stock.
Shares of Southern Copper Corp (NASDAQ:SCCO) traded up 0.37% during mid-day trading on Thursday, hitting $30.12. The stock had a trading volume of 402,962 shares. Southern Copper Corp has a 52-week low of $24.50 and a 52-week high of $34.46. The stock has a 50-day moving average of $29.06 and a 200-day moving average of $28.28. The company has a market cap of $25.106 billion and a P/E ratio of 15.62.
Southern Copper Corporation (NASDAQ:SCCO) is an integrated copper producer.
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