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Southern Copper Corporation (SCCO)

NYSE - Nasdaq Real Time Price. Currency in USD
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60.42+0.26 (+0.44%)
As of 12:08PM EST. Market open.
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  • J
    JD R
    I keep thinking of taking some off the table but it keeps going up. I've had this over a decade.; it's symbol was PCU way back then.
  • s
    stocktargetadvisor
  • M
    Maximus
    Gonna have to start a position on this with EV's being the future.
  • B
    Bob L.
    I bought this at 28.00....sold it way to early at 42.....simply cannot buy it back here at a 5 yr high....cant do it.....bought and still own RIO BTG and bought GOLD today on breakdown below 200 day average...will buy more if it gets under 24....
  • D
    Dennis
    $FCX conversation
    Morgan Stanley released a bullish paper on EV adoption rates yesterday. Whether we agree with the EV growth projection or not, it’s worth noting the relatively small percentage of copper demand that is attributed to EVs. I think many believe that EV demand is the main driver for future copper prices. This MS report suggests that it’s not.

    “Our global automotive team today lifts forecast battery electric vehicle (BEV) penetration rates to 13.2% globally by 2025e (from 11.6%) and 31% by 2030e (from 26%), in response to growing regulatory pressure” throughout the world.

    “Commodity impact: All the battery commodities will see demand grow over the next 10 years on the back of the rise in EV sales. We see nickel as the biggest beneficiary – EV market share of global demand is set to grow from just 3% in 2020 to 26% by 2030 – exponential growth in an industry that has seen only limited investment in new supply to date. The technological evolution suggests that cobalt will be thrifted out of EV batteries over the decade, and we cut our 2020-30 EV demand CAGR to 11% p.a (from 16%).For lithium, where EVs already account for 41% of global demand, strong global supply growth means the market will remain well-supplied. Copper, meanwhile, sees EVs reach 9.4% of demand by 2030, we estimate, compared with 2.4% today. Infrastructure requirements further boost copper demand in the sector though, and we see growth from EVs as a strong offset to increased recycling and substitution, underpinning copper's long-term growth prospects. Lastly, manganese is often overlooked given today's very small share of global demand taken by EVs, but with the development of Tesla's new manganese-rich battery there could be some tightness in the battery grade dioxide market until processing capacity adapts to meet this new source of demand.”

    #SCCO #TRQ
  • Y
    Yahoo Finance Insights
    Southern Copper reached an all time high at 58.94
  • T
    The Batman
    Not that I'm complaining, but Exit strategy used to be a lot less complicated. What to do....
  • Y
    Yahoo Finance Insights
    Southern Copper reached a 52 Week high at 54.88
  • Y
    Yahoo Finance Insights
    Southern Copper reached a 52 Week high at 53.52
  • B
    Bob L.
    How high can this go??? at the 5 year high now!!!
  • Y
    Yahoo Finance Insights
    Southern Copper reached a 52 Week high at 58.05
  • Y
    Yahoo Finance Insights
    Southern Copper reached an all time high at 60.86
  • Y
    Yahoo Finance Insights
    Southern Copper reached a 52 Week high at 50.20
  • Y
    Yahoo Finance Insights
    Southern Copper reached a 52 Week high at 56.35
  • Y
    Yahoo Finance Insights
    Southern Copper reached a 52 Week high at 51.21
  • Y
    Yahoo Finance Insights
    Southern Copper reached a 52 Week high at 49.69
  • D
    Dennis
    Special dividend announced. This will be in addition to the 40 cent quarterly dividend payable Feb 26 to those on record as of Feb 12. I think earnings may be announced on Wednesday, the 13th, but I can't confirm. I am also unfamiliar with the background that lead to this settlement.
    February 6, 2019 — Southern Copper Corporation (NYSE and LSE: SCCO) (the “Company”) announced today a
    cash dividend (the “Dividend”) to be paid by the Company to certain of its shareholders as part of the settlement of
    claims brought on behalf of the Company and its shareholders against Grupo Mexico S.A.B. de C.V. (“Grupo
    Mexico”), Americas Mining Corporation (“AMC”) and certain current and former directors of the Company (together
    with Grupo Mexico and AMC, the “Defendants”). The Dividend will be in the amount of $0.44428 per share of
    common stock, payable on February 21, 2019, to shareholders of record at the close of business on February 11,
    2019, other than the defendants.
  • D
    Dennis
    I appreciate that SCCO investors are not particularly chatty. SCCO ended 2019 at 42.48. This was a 45.5% gain for the year. Including dividends the annual return was 53.6%. The exceptionally strong returns were in part due to a weak copper market at the end of last year – although one might argue that copper has more to run after the 2019 close.
    Anyway, success does draw attention
    https://seekingalpha.com/article/4314567-southern-copper-for-total-return-and-diversification
    SCCO appears to be a well-run, expanding copper producer operating in Mexico and Peru. SCCO has solidly outperformed the SPY and most mining stocks in general g
    SCCO appears to be a well-run, expanding copper producer operating in Mexico and Peru. SCCO has solidly outperformed the SPY and most mining stocks in general g
    seekingalpha.com
  • D
    Dennis
    First time posting on this board. Recently purchased SCCO, unfortunately just before the political turmoil in Mexico.
    Hoping to play an eventual bounce in copper prices. Any thoughts? Analyst reviews are almost comical.

    12/12/2018-Southern Copper Corp (NYSE:SCCO) gets downgraded to Underperform by Santander
    12/6/2018-Southern Copper Corp (NYSE:SCCO) gets upgraded to Neutral by JPMorgan Chase & Co. with a price target of $34.50
    12/2/2018-Southern Copper Corp (NYSE:SCCO) gets downgraded to Reduce by HSBC with a price target of $32.12
    11/20/2018-Southern Copper Corp (NYSE:SCCO) gets upgraded to Hold by Bradesco Corretora with a price target of $42.00
    11/12/2018-Southern Copper Corp (NYSE:SCCO) gets downgraded to Sell by Citigroup with a price target of $33.00
    11/2/2018-Southern Copper Corp (NYSE:SCCO) gets upgraded to Buy by UBS Group with a price target of $46.00
  • D
    Dennis
    Morgan Stanley issued a research paper on copper that moved copper stocks last week. Unfortunately, SCCO was held back – I believe – in the copper rally because MS maintained the stock as “underweight” on Feb 13th
    “SCCO is a well-run company with quality assets, but we are UW the stock because of heightened regulatory risk for mining companies operating in Mexico and the increasing risk that the Buenavista mine concession is lost or challenged. Hence, we believe the stock price will remain decoupled from fundamentals for the foreseeable future.”

    Unlike fundamentals, the politics creating regulatory risk can change significantly every day. I think the risks may be overblown, but an analyst cannot ignore them. Although price target is $25, under various political scenarios, it ranges from $9 to $49.

    Today, both Goldman and Citi upgraded SCCO to a Buy. Citi’s call was significant as it was a “double jump” from Sell.
    If anyone has access to these research papers, I would love to know if – other than optimism on 2019 copper prices – anything has changed regarding political risks.