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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Southern Copper Corporation (NYSE: SCCO) hit a new 52-week high Wednesday as it is currently trading at $38.06, above its previous 52-week high of $38 with 131,683 shares traded as of 9:36 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. Southern Copper has a market cap of $32.23 billion and is part of the basic materials sector and metals & mining industry. Shares are up 25.8% year to date as of the close of trading on Tuesday. Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. The company has a P/E ratio of 16.7, above the average metals & mining industry P/E ratio of 13.5 and below the S&P 500 P/E ratio of 17.7.