Is SCCO a good stock to buy?
Southern Copper Corporation (SCCO) is one of the best copper miners out there. It owns mining assets with 70 years of mining ahead, and its mining costs are among the lowest in the industry. Given the quality of the assets, the company is investing in growth that should lead to a 105% increase in production by 2026.
Why is SCCO stock dropping?
Decline in ore grades, due to stripping and maintenance works that were carried out this year after being postponed in 2020 on account of the COVID 19 pandemic, weighed on production numbers in the quarter. The company expects copper production in 2021 to be around 960,000 tons.
Is Southern Copper Corp a buy?
It shows a score of around 75/100. Therefore, Southern Copper is considered to be a good company to invest in, since 70 is the lowest good company score. SCCO has high scores for 10 Year Price Per Share, ROE, Ability to Recover from a Market Crash or Downturn, and Gross Margin Percent.
What does Southern Copper do?
About Southern Copper Corp Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals.
Is SCCO overvalued?
Price to Book Ratio PB vs Industry: SCCO is overvalued based on its PB Ratio (7x) compared to the US Metals and Mining industry average (2.4x).
Is copper a good buy?
Copper can be a very solid investment, but it also has the potential to be more volatile than other precious metals. It has a variety of uses in the industrial space, so its demand is often high, but it doesn’t hold quite the same value as some other precious metals.
Is there a copper ETF?
The two copper exchange-traded funds (ETFs), ranked by one-year trailing total returns, are JJC and CPER. The holdings of each of these ETFs are composed of copper futures contracts.
Is Codelco publicly traded?
The 10 largest publicly traded copper producers The world’s largest copper company by production and reserves is Codelco, which is owned by the government of Chile.
Is Southern Copper a US company?
In addition, the firm is the eighth largest copper smelting company….Southern Copper Corporation.
| Type | Subsidiary |
|---|---|
| Revenue | US$ 6.65 Billion (2017) |
| Number of employees | 12,000 |
| Parent | Grupo México |
| Website | www.southerncoppercorp.com |
What sector is SCCO in?
Description. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile.
What does SCCO mine?
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 …
Is Southern Copper (SCCO) stock a great value right now?
Southern Copper is currently sporting a Zacks Rank of #4 (Sell). In terms of valuation, Southern Copper is currently trading at a Forward P/E ratio of 17.3. This represents a premium compared to its industry’s average Forward P/E of 10.2. It is also worth noting that SCCO currently has a PEG ratio of 2.25.
Is SCCO a good dividend growth stock to buy?
SCCO looks like an excellent dividend growth stock. Banks average pay 2-3% dividend yield and a 6.95% yield it beated inflation and Treasury bonds by a large margin. Better than most banks.
Is SCCO in a downtrend?
Sign in to post a message. Since 52 week high in May, SCCO is in a downtrend and it’s nearing a breakout of upper trendline in falling wedge pattern. Local lows and local highs trendlines have been converging on relatively declining volume .
What does SCCO’s (SCCO) PEG ratio mean?
Also, we should mention that SCCO has a PEG ratio of 1.06. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. SCCO’s industry had an average PEG ratio of 0.36 as of yesterday’s close.