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 0.4%. By the end of trading, Southern Copper Corporation rose 42 cents (1.3%) to $32.88 on average volume. Throughout the day, 2.5 million shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in a price between $32.21-$32.99 after having opened the day at $32.40 as compared to the previous trading day's close of $32.46. Other companies within the Metals & Mining industry that increased today were: Pretium Resources ( PVG), up 8.7%, Fortuna Silver Mines ( FSM), up 6.6%, McEwen Mining ( MUX), up 5.9%, and Golden Minerals ( AUMN), up 5.8%.

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 $27.02 billion and is part of the basic materials sector. 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, increase in net income, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Anooraq Resources Corporation ( ANO), down 20%, Pacific Booker Minerals ( PBM), down 14.4%, New Gold ( NGD), down 9.2%, and Synalloy Corporation ( SYNL), down 7.9%, were all losers within the metals & mining industry with Vale ( VALE) 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).

If you liked this article you might like

Southern Copper Is Headed North

Is Dr. Copper Signaling a Recession That Could Pound Stocks?

Bullish and Bearish Reversals for This Week

Analysts' Actions -- Time Warner, Cree, Dynegy, Autoliv and More