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Southern Copper Corporation (SCCO): Today's Featured Metals & Mining Winner

Southern Copper Corporation ( SCCO) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.6%. By the end of trading, Southern Copper Corporation rose 30 cents (1%) to $29.76 on average volume. Throughout the day, 2.4 million shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of two million shares. The stock ranged in a price between $29.24-$30.20 after having opened the day at $29.40 as compared to the previous trading day's close of $29.46. Other companies within the Metals & Mining industry that increased today were: USEC ( USU), up 25.1%, Gold Reserve ( GRZ), up 7.8%, China Precision Steel ( CPSL), up 7.5%, and James River Coal Company ( JRCC), up 6.7%.

Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. Southern Copper Corporation has a market cap of $24.78 billion and is part of the basic materials sector. The company has a P/E ratio of 10.1, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 3.7% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Southern Copper Corporation a buy, two analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Southern Copper Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Patriot Coal Corporation ( PCX), down 12.4%, Atlatsa Resources ( ATL), down 6.5%, Sinocoking Coal and Coke Chemicals ( SCOK), down 6.5%, and Uranium Energy Corporation ( UEC), down 6.3%, were all losers within the metals & mining industry with Tenaris ( TS) being today's metals & mining industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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