Southern Copper Reaches New 52-Week High (SCCO)

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 Tuesday as it is currently trading at $41.47, above its previous 52-week high of $40.82 with 969,652 shares traded as of 12:26 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Southern Copper has a market cap of $34.89 billion and is part of the basic materials sector and metals & mining industry. Shares are up 9% year to date as of the close of trading on Friday.

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 17.9, above 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.

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