|Bid||40.44 x 800|
|Ask||40.46 x 1200|
|Day's Range||40.21 - 40.72|
|52 Week Range||29.01 - 56.03|
|Beta (3Y Monthly)||0.59|
|PE Ratio (TTM)||20.24|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||1.60 (4.03%)|
|1y Target Est||39.28|
Las Bambas mine, one of Peru's largest copper producers, resumed copper transports on Saturday after indigenous communities ended a more than two-month blockade of a key highway, the company said. The Fuerabamba community of the Andean region of Cusco agreed in a meeting late on Friday to end a conflict over compensation that held back exports from Las Bambas, which is controlled by Chinese miner MMG Ltd, according to a statement by Las Bambas mining company. Fuerabamba villagers had since February camped out along a stretch of road in the highland region of Cusco, blocking MMG's trucks from transporting copper from Las Bambas.
Southern Copper Corp NYSE:SCCOView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for SCCO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SCCO. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding SCCO are favorable, with net inflows of $661 million. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. Although SCCO credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they are still comfortably within the range of the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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Freeport-McMoRan: Bulls Short of Ideas amid Macro Uncertainty(Continued from Prior Part)Freeport-McMoRan’s valuation Freeport-McMoRan (FCX) is valued at 9.4 times its 2019 expected EBITDA and 7.0 times its 2020 expected EBITDA. This valuation looks
Freeport McMoRan makes more headlines, but don't look at the miner without also examining peer Southern Copper -- boring is sometimes better.
Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's chief executive told Reuters on Wednesday. Junior miner Bacanora Lithium Plc, said earlier this month that it owned 10 lithium concessions in Sonora and was focused on securing funding this year to start production in 2021. Bacanora did not respond to requests for comment outside of working hours in London.
After months in the doldrums, copper prices look set to surge once again. The second is that China's economy likely will not deteriorate much more, analysts say. Futures prices for high-grade copper could wind their way to $3.35 a pound, up around 16% from a recent level of $2.896.
Driven by constant commitment to increasing low-cost production and growth investments, Southern Copper (SCCO) is well poised to continue delivering enhanced performance.
Southern Copper Corporation (NYSE:SCCO) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case ofRead More...
How Analysts See Copper Miners as Prices Stabilize(Continued from Prior Part)First Quantum First Quantum Minerals (FM) has risen 44% this year based on its closing prices on February 26. Freeport-McMoRan (FCX) and Southern Copper (SCCO) have risen
Southern Copper Corp is a metal producer having its focus on copper. The dividend yield of Southern Copper Corp stocks is 4.19%. Southern Copper Corp had annual average EBITDA growth of 3.00% over the past ten years.
How Analysts See Copper Miners as Prices Stabilize(Continued from Prior Part)Southern Copper Southern Copper (SCCO) has risen 22.7% year-to-date based on its closing prices on February 26. After a reasonably strong run in 2019, analysts don’t
How Analysts See Copper Miners as Prices Stabilize(Continued from Prior Part)Strong rallyFreeport-McMoRan (FCX) has been strong this year amid improved copper market sentiments. The stock has risen 28.4% year-to-date based on its closing prices on
How Analysts See Copper Miners as Prices StabilizeCopper minersThe metals and mining space has seen a lot of turbulence over the last five years. In 2015, China’s slowdown concerns spooked commodity investors. The sell-off continued in the first
The Peruvian government will likely grant Southern Copper Corp a construction license for its $1.4 billion Tia Maria project before its environmental permit expires in August, the energy and mines minister told Reuters on Thursday. Southern Copper has spent years waiting for the construction license, a final green light for Tia Maria that consecutive governments have declined to give amid fears it would revive deadly protests that first derailed the project in 2011. If the company does not secure the permit by August, it might have to wait at least another year while the government reviews a new environmental impact study.