In a report issued on August 4, Matt Murphy from Barclays maintained a Hold rating on Southern Copper (SCCO – Research Report), with a price target of $50.00. The company’s shares closed last Friday at $47.45, close to its 52-week low of $44.70.
According to TipRanks.com, Murphy is a 4-star analyst with an average return of 11.1% and a 63.8% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, First Quantum Minerals, and Freeport-McMoRan.
Currently, the analyst consensus on Southern Copper is a Moderate Sell with an average price target of $47.33.
The company has a one-year high of $79.32 and a one-year low of $44.70. Currently, Southern Copper has an average volume of 1.56M.
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Southern Copper Corp. is a mining company and one of the largest integrated copper producers in the world. It engages in the exploration, mining, smelting, and refining of copper and other metals and minerals, including molybdenum, zinc, lead, coal and silver.
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