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Stock Charts AI Power Rank: 1.5
Power Rank trend -> Falling
07/26/2024 16:10:00 EST
Southern Copper Corporation (SCCO)
Industry: Copper
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SCCO has been trading in a range between $116.75 and $103.98 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Southern Copper Corporation $SCCO entered a Red zone 9 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $64.17, a potential down side of -39.13% from the recent price of 105.42. The stock is trading 23.12% (potential upside) below its 52 week high of $129.79 and 56.22 % (potential downside) above its 52 week low of $67.48 - based on the recent price.
Company Summary
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. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant in Mexico.
News
| Investors Heavily Search Southern Copper Corporation (SCCO): Here is What You Need to Know Recently, Zacks.com users have been paying close attention to Southern Copper (SCCO). This makes it worthwhile to examine what the stock has in store. Source: Zacks Investment Research Fri, 26 Jul 2024 10:05:35 -0400 Sentiment: Positive |
| 3 Resource Stocks Positioned to Profit from Global Shortages The CEO of NextEra (NYSE: NEE ) recently stated that the demand for renewable energy will triple over the next seven years. Moreover, he forecasts that the overall demand for electricity will increase four times more quickly in the next 20 years compared to the previous 20 years. Source: InvestorPlace Fri, 26 Jul 2024 06:30:00 -0400 Sentiment: Positive |
| Southern Copper (SCCO) Increases Despite Market Slip: Here's What You Need to Know Southern Copper (SCCO) closed the most recent trading day at $105.69, moving +0.75% from the previous trading session. Source: Zacks Investment Research Tue, 23 Jul 2024 18:56:19 -0400 Sentiment: Negative |
| Southern Copper Corporation (SCCO) Q2 2024 Earnings Call Transcript Southern Copper Corporation (NYSE:SCCO ) Q2 2024 Earnings Conference Call July 22, 2024 11:00 AM ET Company Participants Raul Jacob - VP Finance, Treasurer and CFO Conference Call Participants Carlos de Alba - Morgan Stanley Marcio Farid - Goldman Sachs Alejandro Demichelis - Jefferies Sofia Martin - GBM Hernan Kisluk - MetLife Alfonso Salazar - Scotiabank Myles Allsop - UBS Jonathan Brandt - HSBC David Feng - CICC Operator Good morning, and welcome to Southern Copper Corporation's Second Quarter and Six Months 2024 Results Conference Call. With us this morning, we have Southern Copper Corporation's Mr. Source: Seeking Alpha Mon, 22 Jul 2024 15:23:07 -0400 Sentiment: Neutral |
| ARREF or SCCO: Which Is the Better Value Stock Right Now? Investors looking for stocks in the Mining - Non Ferrous sector might want to consider either Amerigo Resources (ARREF) or Southern Copper (SCCO). But which of these two stocks presents investors with the better value opportunity right now? Source: Zacks Investment Research Mon, 22 Jul 2024 12:46:18 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 129.79 52 Week Low: 67.478 Beta: 1.203 50 Day MA: 112.8516 200 Day MA: 93.9873 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.743 Qtr Revenue Growth YOY: 0.355 Forward PE: 51.8135 Trailing PE: 29.4746