SCCO Stock Summary and Trading Ideas (Southern Copper | NYSE:SCCO)

Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. The company's geographical segments are The Americas, Europe, and Asia.

Southern Copper trades on the NYSE stock market under the symbol SCCO.

As of April 19, 2024, SCCO stock price declined to $113.43 with 1,137,771 million shares trading.

SCCO has a beta of 1.00, meaning it tends to be less sensitive to market movements. SCCO has a correlation of 0.12 to the broad based SPY ETF.

SCCO has a market cap of $87.69 billion. This is considered a Large Cap stock.

Last quarter Southern Copper reported $2 billion in Revenue and $.58 earnings per share. This fell short of revenue expectation by $-141 million and missed earnings estimates by -$.10.

In the last 3 years, SCCO stock traded as high as $120.37 and as low as $42.42.

The top ETF exchange traded funds that SCCO belongs to (by Net Assets): COPX, IEMG, VYM, IWF, ILF.

SCCO has outperformed the market in the last year with a price return of +43.5% while the SPY ETF gained +21.2%. SCCO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +40.9% and +2.8%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

SCCO support price is $112.50 and resistance is $118.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SCCO stock will trade within this expected range on the day.