By Mill Chart
Last update: Aug 17, 2023
In this article we will dive into SOUTHERN COPPER CORP (NYSE:SCCO) as a possible candidate for quality investing. Investors should always do their own research, but we noticed SOUTHERN COPPER CORP showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.
As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.
Overall SCCO gets a fundamental rating of 6 out of 10. We evaluated SCCO against 151 industry peers in the Metals & Mining industry. SCCO has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. SCCO is not valued too expensively and it also shows a decent growth rate.
Our latest full fundamental report of SCCO contains the most current fundamental analsysis.
More quality stocks can be found in our Caviar Cruise screen.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
SOUTHERN COPPER CORP
NYSE:SCCO (11/30/2023, 6:00:00 PM)
After market: 71.9325 0 (0%)71.93
+0.16 (+0.22%)
Morgan Stanley downgrades Southern Copper due to lower production guidance and increased cash costs, which may impact Grupo Mexico as well.
Copper and aluminum futures hit a two-week low after U.S.
The upgraded 81 RS Rating means Southern Copper stock topped 81% of all stocks for price performance over the past year.
Copper prices plummet to 11-month low due to China's property market woes, limited stimulus hopes, and Middle East tensions, impacting sentiment.
The materials sector has lagged the market which is why now may be a good time to consider these materials stocks to buy.
As the markets begin to pivot into different preferences away from tech and growth, these materials stocks take the podium.
Southern Copper expects a 17% jump in production in Peru, driving overall growth. Political tension and slow projects have affected output.
/CNW/ - The supply of copper, essential for a host of industries and crucial to green technology and the global energy transition, is expected to face a supply...
/PRNewswire/ - The supply of copper, essential for a host of industries and crucial to green technology and the global energy transition, is expected to face a...