Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.8%. By the end of trading, Southern Copper Corporation fell $0.56 (-1.8%) to $31.14 on light volume. Throughout the day, 1,636,312 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2,348,600 shares. The stock ranged in price between $31.05-$31.59 after having opened the day at $31.56 as compared to the previous trading day's close of $31.70. Other companies within the Basic Materials sector that declined today were:
), down 8.8%,
), down 8.4%,
), down 8.3% and
), down 8.1%.
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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 $26.6 billion and is part of the metals & mining industry. Shares are up 10.4% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Southern Copper Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Southern Copper Corporation
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
- You can view the full Southern Copper Corporation Ratings Report.
On the positive front,
), up 19.1%,
), up 14.9%,
), up 10.5% and
), up 10.0% , were all gainers within the basic materials sector with
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
) while those bearish on the basic materials sector could consider
- Find other investment ideas from our top rated ETFs lists.