Southern Copper Corporation (SCCO): Today's Featured Basic Materials 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 Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.3%. By the end of trading, Southern Copper Corporation rose $0.52 (1.8%) to $29.34 on average volume. Throughout the day, 2,313,623 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2,088,500 shares. The stock ranged in a price between $28.90-$29.34 after having opened the day at $28.91 as compared to the previous trading day's close of $28.82. Other companies within the Basic Materials sector that increased today were: China Gengsheng Minerals ( CHGS), up 17.7%, Vista Gold Corporation ( VGZ), up 13.5%, International Tower Hill Mines ( THM), up 11.6% and Ossen Innovation ( OSN), up 10.9%.

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 $24.1 billion and is part of the metals & mining industry. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Southern Copper Corporation a buy, no analysts rate it a sell, and 3 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, Quaterra Resources ( QMM), down 31.3%, Metabolix ( MBLX), down 7.9%, Penford Corporation ( PENX), down 5.8% and AK Steel Holding Corporation ( AKS), down 5.8% , were all laggards within the basic materials sector with Chesapeake Energy ( CHK) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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