Southern Copper shares are trading lower amid a drop in copper prices.
$SCCO
Metal Mining
Basic Materials
Southern Copper shares are trading lower amid a drop in copper prices.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/12/2024 | $120.00 | Neutral | UBS |
| 4/22/2024 | $80.00 | Hold → Reduce | HSBC Securities |
| 3/22/2024 | $91.00 → $130.00 | Hold → Buy | Jefferies |
| 11/27/2023 | $83.00 → $68.00 | Equal-Weight → Underweight | Morgan Stanley |
| 9/18/2023 | $91.00 | Hold | Jefferies |
| 5/10/2023 | $65.00 → $66.00 | Neutral → Sell | Goldman |
| 3/30/2023 | $70.00 | Overweight → Equal-Weight | Morgan Stanley |
| 3/30/2023 | $70.00 | Equal-Weight → Overweight | Morgan Stanley |
UBS initiated coverage of Southern Copper with a rating of Neutral and set a new price target of $120.00
HSBC Securities downgraded Southern Copper from Hold to Reduce and set a new price target of $80.00
Jefferies upgraded Southern Copper from Hold to Buy and set a new price target of $130.00 from $91.00 previously
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Copper supply can't keep up with the booming demand for copper, putting net-zero emissions targets at risk, according to a new report from S&P Global. Copper is essential for electric vehicles, wind and solar power, and infrastructure that transports and stores renewable energy. The report projects that copper demand will almost double to 50 million metric tons by 2035 and reach over 53 million metric tons by 2050. To put that number into perspective, S&P Global noted that it's "more than all the copper consumed in the world between 1900 and 2021." Solving the supply shortage isn't as simple as
Energy Metals News CommentaryIssued on behalf of Usha Resources Ltd. VANCOUVER, Aug. 9, 2024 /PRNewswire/ -- USA News Group - Energy Metals News – At the beginning of 2024, Forbes was reporting on a showdown between the United States and China over a dwindling copper supply, as prices soared. Now with the rise of artificial intelligence (AI), the tech sector is getting hungrier for more copper, with AI recently helping to find millions of tons of it in Zambia. Despite a small price slump over the last few months, there are still analysts confidently expressing bullish sentiment for copper over the long term, with Citigroup predicting further price increases. Looking ahead, the US copper supp
Energy Metals News CommentaryIssued on behalf of Usha Resources Ltd. VANCOUVER, BC, Aug. 1, 2024 /PRNewswire/ -- Energy Metals News – At the beginning of 2024, Forbes was reporting on a showdown between the United States and China over a dwindling copper supply, as prices soared. Now with the rise of artificial intelligence (AI), the tech sector is getting hungrier for more copper, with AI recently helping to find millions of tons of it in Zambia. Despite a small price slump over the last few months, there are still analysts confidently expressing bullish sentiment for copper over the long term, with Citigroup predicting further price increases. Looking ahead, the US copper supply is set to
TORONTO, Sept. 21, 2023 /PRNewswire/ - The supply of copper, essential for a host of industries and crucial to green technology and the global energy transition, is expected to face a supply gap of nearly 10 million mt within the next ten years according to a new report. The Oregon Group predicts a long-term supply deficit in the copper market, despite the existence of large global reserves. Supply of copper expected to face a supply gap of nearly 10 million mt within the next ten years.The report examines key trends affecting global copper supply and demand. These include years of supply side underinvestment, rising geopolitical tensions, and exponential growth of industries connected to d
4 - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4 - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4 - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
10-Q - SOUTHERN COPPER CORP/ (0001001838) (Filer)
8-K - SOUTHERN COPPER CORP/ (0001001838) (Filer)
8-K - SOUTHERN COPPER CORP/ (0001001838) (Filer)
Southern Copper (NYSE:SCCO) has outperformed the market over the past 10 years by 2.4% on an annualized basis producing an average annual return of 13.36%. Currently, Southern Copper has a market capitalization of $90.01 billion. Buying $1000 In SCCO: If an investor had bought $1000 of SCCO stock 10 years ago, it would be worth $3,523.32 today based on a price of $115.23 for SCCO at the time of writing. Southern Copper's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated
UBS analyst Myles Allsop initiates coverage on Southern Copper (NYSE:SCCO) with a Neutral rating and announces Price Target of $120.