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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.1%. By the end of trading, Southern Copper Corporation fell $0.36 (-1.3%) to $27.39 on average volume. Throughout the day, 1,959,736 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 1,906,800 shares. The stock ranged in price between $27.15-$27.56 after having opened the day at $27.51 as compared to the previous trading day's close of $27.75. Other companies within the Metals & Mining industry that declined today were: Prospect Global Resources ( PGRX), down 29.6%, Crosshair Energy ( CXZ), down 14.3%, Atlatsa Resources ( ATL), down 12.3% and China Gengsheng Minerals ( CHGS), down 10.8%.

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 $23.2 billion and is part of the basic materials sector. Shares are down 26.7% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate 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 hold. 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. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow.

On the positive front, Harmony Gold Mining ( HMY), up 10.5%, Entree Gold ( EGI), up 9.0%, Alderon Iron Ore ( AXX), up 6.6% and Northern Dynasty Minerals ( NAK), up 5.7% , were all gainers within the metals & mining industry with ArcelorMittal ( MT) being today's featured metals & mining industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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