Wall Street is positive on Southern Copper Corp (SCCO). On average, analysts give Southern Copper Corp a Hold rating. The average price target is $50.625, which means analysts expect the stock to rise by 16.43% over the next twelve months.
That average ranking earns Southern Copper Corp an Analyst Rating of 1, which is better than 1% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What’s Happening With Southern Copper Corp Stock Today?
Southern Copper Corp (SCCO) stock is trading at $43.48 as of 11:15 AM on Friday, Sep 23, a drop of -$2.09, or -4.59% from the previous closing price of $45.57. The stock has traded between $43.24 and $44.26 so far today. Volume today is less active than usual. So far 382,856 shares have traded compared to average volume of 1,397,882 shares.
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