Southern Copper Stock Hits New 52-Week High (SCCO)
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.
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.
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TheStreet Ratings rates Southern Copper as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Southern Copper Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.