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

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 higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 0.1%. By the end of trading, Southern Copper Corporation rose $0.77 (2.9%) to $26.97 on heavy volume. Throughout the day, 3,315,470 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 1,854,200 shares. The stock ranged in a price between $26.41-$27.03 after having opened the day at $26.65 as compared to the previous trading day's close of $26.20. Other companies within the Metals & Mining industry that increased today were: North American Palladium ( PAL), up 11.9%, Ur-Energy ( URG), up 6.9%, Quaterra Resources ( QMM), up 5.2% and Uranium Energy Corporation ( UEC), up 5.0%.

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 $22.0 billion and is part of the basic materials sector. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are down 30.8% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Southern Copper Corporation a buy, no analysts rate it a sell, and 5 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 increase in net income, notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

On the negative front, Exeter Resource Corporation ( XRA), down 7.3%, Gold Fields ( GFI), down 4.8%, Timmins Gold ( TGD), down 4.7% and Thompson Creek Metals Company ( TC), down 4.7% , were all laggards within the metals & mining industry with Barrick Gold Corporation ( ABX) 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).

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