#2 - Southern Copper (NYSE:SCCO)
Southern Copper Corp. (NYSE: SCCO) is one of the largest integrated copper producers in the world with a focus on properties in Chile. The company has a market cap of $57.5 billion. Since hitting a 52-week low in September 2022, SCCO stock has surged over 73%.
Working in the company’s favor is a stellar profit margin of over 26%, that is well above the sector average of around 15%. The company is also expected to grow earnings at an average pace of around 21% over the next five years. And over the past few months, short sellers have been exiting their positions.
Weighing against it is the stock’s P/E ratio which, at 21x earnings, makes the stock a fairly expensive proposition. And Southern was hit with a Sell rating from an analyst at Deutsche Bank in early February 2023. Plus, in the last two quarters the company has reported revenue and earnings that are down on a year-over-year basis.
About Southern Copper
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.
Read More - Current Price
- $119.49
- Consensus Rating
- Reduce
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 5 Sell Ratings.
- Consensus Price Target
- $90.33 (24.4% Downside)
