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

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 lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 1.2%. By the end of trading, Southern Copper Corporation fell $0.69 (-2.0%) to $33.46 on average volume. Throughout the day, 1,725,840 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2,061,200 shares. The stock ranged in price between $33.39-$34.18 after having opened the day at $34.12 as compared to the previous trading day's close of $34.15. Other companies within the Metals & Mining industry that declined today were: Golden Star Resources ( GSS), down 16.8%, Prospect Global Resources ( PGRX), down 12.2%, Crosshair Energy ( CXZ), down 9.4% and Quaterra Resources ( QMM), down 9.0%.
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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 $28.2 billion and is part of the basic materials sector. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7. Shares are down 9.8% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Southern Copper Corporation a buy, 1 analyst rates it a sell, and 6 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, 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 has had somewhat weak growth in earnings per share.

On the positive front, Thompson Creek Metals Company ( TC), down 18.0%, Banro Corporation ( BAA), down 17.6%, Uranium Energy Corporation ( UEC), down 10.3% and Polymet Mining ( PLM), down 6.5%.

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).

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