B.Riley FBR Reaffirms Their Hold Rating on Southern Copper (SCCO)


B.Riley FBR analyst Lucas Pipes maintained a Hold rating on Southern Copper (NYSE: SCCO) today and set a price target of $49. The company’s shares closed yesterday at $41.81.

According to TipRanks.com, Pipes is a 4-star analyst with an average return of 7.5% and a 61.9% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Novagold Resources Inc New.

Currently, the analyst consensus on Southern Copper is a Moderate Sell with an average price target of $44.50.

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The company has a one-year high of $58.09 and a one-year low of $38.34. Currently, Southern Copper has an average volume of 1.01M.

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Southern Copper Corp. engages in the development and exploration of mineral properties. The firm produces copper, molybdenum, zinc, lead, coal and silver. It operates through the segments: Mexican Open-Pit; Mexican underground mining operations; and Peruvian Operations.

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