Southern Copper Corporation (SCCO): Today's Featured Basic Materials 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 Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Southern Copper Corporation fell $1.02 (-3.4%) to $29.31 on average volume. Throughout the day, 2,801,830 shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 2,211,600 shares. The stock ranged in price between $28.73-$29.79 after having opened the day at $29.61 as compared to the previous trading day's close of $30.33. Other companies within the Basic Materials sector that declined today were: Gevo ( GEVO), down 18.0%, General Steel Holdings ( GSI), down 12.1%, Rare Element Resources ( REE), down 9.2% and International Tower Hill Mines ( THM), down 9.1%.

Southern Copper Corporation is engaged in the mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. Southern Copper Corporation has a market cap of $25.0 billion and is part of the metals & mining industry. Shares are up 5.6% year to date as of the close of trading on Monday. 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, expanding profit margins, largely solid financial position with reasonable debt levels by most measures 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, FX Energy ( FXEN), up 19.1%, General Moly ( GMO), up 10.2%, BioFuel Energy Corporation ( BIOF), up 9.9% and Midstates Petroleum ( MPO), up 6.5% , were all gainers within the basic materials sector with ConocoPhillips ( COP) being today's featured basic materials sector leader.

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).

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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