Southern Copper Corporation (SCCO): Today's Featured Metals & Mining Mover

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.

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 0.3%. By the end of trading, Southern Copper Corporation rose 67 cents (1.8%) to $37.57 on average volume. Throughout the day, 2.4 million shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in a price between $36.54-$37.63 after having opened the day at $36.81 as compared to the previous trading day's close of $36.90. Other companies within the Metals & Mining industry that increased today were: Prospect Global Resources ( PGRX), up 17.9%, China Gengsheng Minerals ( CHGS), up 13.8%, Oxford Resource Partners ( OXF), up 7%, and Timberline Resources Corporation ( TLR), up 5.8%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $30.82 billion and is part of the basic materials sector. The company has a P/E ratio of 16, below the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Southern Copper Corporation a buy, three analysts rate it a sell, and five 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 expanding profit margins, solid stock price performance, 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 shows weak operating cash flow.

On the negative front, Crosshair Energy ( CXZ), down 7.5%, Comstock Mining ( LODE), down 6.9%, Avino Silver & Gold Mines ( ASM), down 6.4%, and China Shen Zhou Mining & Resources ( SHZ), down 6.3%, were all laggards within the metals & mining industry with United States Steel Corporation ( X) being today's metals & mining industry laggard.

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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

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