This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

13 Hot Stocks Poised to Double, Triple ... Even Quadruple

Southern Copper


Number of Analysts: 13

Average Recommendation: Outperform

Stock Price/Earnings Ratio vs. Industry's: 81.38%

Market Cap: $32.6 billion

Trailing Twelve-Month Operating Margin: 46.7%

Trailing Twelve-Month Revenue: $4.68 billion

What's to Like About Southern Copper Stock: Freeport-McMoRan Copper & Gold ( FCX ) may be a great company and be the better-known of the two, but "Southern Copper totally outperforms Freeport if you put the charts together," Mirzam's Meyer said. Almost 4% of his fund consists of Southern Copper stock. The fund also has a bit of Freeport at 1.5%.

"If you put its chart against any other company over ten years, there's not many that's better," he said.

The Arizona-based company, one of the world's biggest of the biggest copper producer giants, has been very shareholder friendly, Meyer said, pointing out that 70% to 80% of their profits are paid out in dividends. "That's very generous. Even during the credit crunch when Freeport canceled their dividends," Southern Copper continued to reward its shareholders with dividends.

Meyer said with copper stocks, investors would have to believe there will be continued to global growth and need for infrastructure, power and telecom equipment. With such forces in place, there will be demand for copper. Meyer for one, believes that global growth will continue, especially in China and India. "There are some copper mines in development in Mongolia, the Congo and Peru, but they only to come on stream in 2014. So I'm keeping that in mind."

Meyer, whose fund is very focused on corporate governance, ranks Southern Copper highly in that respect. "Again on a corporate government side you won't find better ... a $32 billion company where the CEO's basic compensation is less than 1 million in cash, that's just unheard of," he said.

3 of 16

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs