Southern Copper Corporation (SCCO) Stock Rating Reaffirmed by FBR & Co

Southern Copper to resume Tia Maria project in Peru as permit imminent

Southern Copper to resume Tia Maria project in Peru as permit imminent

Short traders are feeling a little more bullish on shares of the company recently as evidenced by the downtick in short interest. BlackRock Inc. now owns 7,789,950 shares of the basic materials company's stock valued at $279,583,000 after purchasing an additional 7,559,379 shares during the period.

AVEO Pharmaceuticals, Inc.is a biopharmaceutical company. The stock rose 0.67% or $0.29 reaching $43.42. $10,500 worth of Southern Copper Corp (NYSE:SCCO) was sold by PALOMINO BONILLA LUIS MIGUEL on Thursday, June 8. It has outperformed by 16.84% the S&P500.

Southern Copper Corporation (NYSE:SCCO) recently saw its volume around 1.59 million shares and on average it trades 0.9 million shares a day. The company was downgraded on Tuesday, December 8 by Santander. About 432,772 shares traded. Indexiq Advisors Llc sold 48,811 shares as Southern Copper Corp (SCCO)'s stock declined 7.29%. It has outperformed by 11.56% the S&P500.

Southern Copper Corporation (NYSE:SCCO) has seen its stock price gain 12.43, or +38.92%, so far in 2017. Next quarter's EPS is expected be $0.47 and the next full year EPS is anticipated to be $2.04. SCCO's profit would be $347.81M giving it 24.12 P/E if the $0.45 EPS is correct.

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.14, from 1.05 in 2017Q1. The number of shares now owned by investors are 775.9 mln.

ROYAL BANK OF CANADA raised its stake in Thomson Reuters Corporation (NYSE:TRI) by 1.93% during the June 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Pub Employees Retirement Association Of Colorado owns 2,579 shares for 0% of their portfolio. After $0.39 actual earnings per share reported by Southern Copper Corp for the previous quarter, Wall Street now forecasts 15.38% EPS growth. Southern Copper Corp (NYSE:SCCO) has risen 28.26% since October 23, 2016 and is uptrending. Voya Invest Management Ltd Liability Co holds 0% or 43,255 shares. Southern Copper Corporation has had 5 insider trades in the last 3 months, including 1 open market buys and 4 sells. Korea Investment Corp owns 81,400 shares for 0.01% of their portfolio. Bank of America downgraded Southern Copper Corp (NYSE:SCCO) on Tuesday, October 6 to "Underperform" rating. Baystate Wealth Ltd Llc reported 0% stake.


Southern Copper Corporation (NYSE:SCCO) has a current MF Rank of 6046. Canada Pension Plan Board stated it has 666 shares or 0% of all its holdings.

Southern Copper Corporation is an integrated copper producer. The Company principally produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. It has a 34.13 P/E ratio. It operates through three segments: Peruvian operations, which include the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines; Mexican open-pit operations, which include the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a metals plant and a copper rod plant and support facilities that service both mines, and Mexican underground mining operations, which include over five underground mines that produce zinc, copper, silver and gold, a coal mine that produces coal and coke, and a zinc refinery.

Since January 1, 0001, it had 0 buys, and 1 sale for $10,500 activity. Investors may also use shareholder yield to gauge a baseline rate of return.

Southern Copper Corporation has a consensus hold rating from 12 Wall Street analysts, and the number of shares now sold short amount to at least 9.15% of shares outstanding. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. $32.05's average target is -27.54% below currents $44.23 stock price. Southern Copper had 24 analyst reports since August 5, 2015 according to SRatingsIntel. On Wednesday, August 9 the stock rating was maintained by Barclays Capital with "Underweight". Morgan Stanley lowered Southern Copper Corporation from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, December 13th. The rating was maintained by Cowen & Co with "Market Perform" on Wednesday, August 5. Bessemer Group Inc. grew its stake in Southern Copper Corporation by 114.5% in the 2nd quarter. Therefore 64% are positive.

Analysts await AVEO Pharmaceuticals, Inc.

The company's consensus rating on Reuter's scale remained unchanged from 2.5 to 2.5 during a month. The rating was upgraded by Howard Weil to "Sector Outperform" on Thursday, September 17. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. Jefferies initiated Alnylam Pharmaceuticals, Inc. Evolution Petroleum Corp (EPM) has risen 52.96% since October 23, 2016 and is uptrending. 49 funds opened positions while 62 raised stakes. Martin Currie, a United Kingdom-based fund reported 558,482 shares. Natixis Asset has 15,072 shares for 0.1% of their portfolio. Schwab Charles Invest has invested 0.01% of its portfolio in Southern Copper Corp (NYSE:SCCO). (NASDAQ:ALNY) for 3,512 shares. It also upped Allied Wrld Assur Com Hldg A (NYSE:AWH) stake by 25,622 shares and now owns 75,368 shares. The New York-based Marketfield Asset Management Llc has invested 1.61% in the stock. Llc holds 100% of its portfolio in AVEO Pharmaceuticals, Inc. for 675,242 shares. Alta Advisers holds 0.75% or 10,175 shares.

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