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 1.9%. By the end of trading, Southern Copper Corporation fell $2.01 (-6.5%) to $29.00 on heavy volume. Throughout the day, 4,275,782 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2,276,100 shares. The stock ranged in price between $28.75-$30.54 after having opened the day at $30.50 as compared to the previous trading day's close of $31.01. Other companies within the Metals & Mining industry that declined today were: China Precision Steel ( CPSL), down 17.1%, Alpha Natural Resources ( ANR), down 12.4%, USEC ( USU), down 9.7% and Quest Rare Minerals ( QRM), down 7.9%.

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 $25.6 billion and is part of the basic materials sector. Shares are up 6.8% 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 good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins 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, North American Palladium ( PAL), up 5.8%, Uranerz Energy Corporation ( URZ), up 5.0%, Hallador Energy ( HNRG), up 4.4% and General Moly ( GMO), up 4.1%.

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.

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