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 up 2.0%. By the end of trading, Southern Copper Corporation rose $1.48 (5.2%) to $29.92 on average volume. Throughout the day, 2,710,088 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2,257,900 shares. The stock ranged in a price between $28.59-$29.97 after having opened the day at $28.71 as compared to the previous trading day's close of $28.44. Other companies within the Metals & Mining industry that increased today were: Augusta Resource Corporation ( AZC), up 16.9%, Tanzanian Royalty Exploration Corporation ( TRX), up 10.7%, Uranerz Energy Corporation ( URZ), up 10.4% and Silver Standard Resources ( SSRI), up 10.0%.

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 $23.7 billion and is part of the basic materials sector. Shares are down 0.9% 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 buy. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Uranium Resources ( URRE), down 16.0%, USEC ( USU), down 5.2%, China Natural Resources ( CHNR), down 4.7% and Avino Silver & Gold Mines ( ASM), down 4.5% , were all laggards within the metals & mining industry with Consol Energy ( CNX) 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).

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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