
NYSE:SCCO
This summary was created by AI, based on 3 opinions in the last 12 months.
Southern Copper Corp. (SCCO) has seen substantial gains this year, with an impressive rise of 50%, largely driven by the robust demand for copper, especially from data centers. Bob Land's technical analysis highlights a bullish trading channel and emphasizes a crucial resistance level at $220, suggesting a potential target of $250 if surpassed. However, contrasting opinions point to the stock being relatively expensive compared to its peers, with concerns about operational effectiveness. While some experts believe in the future potential of copper, noting its expected doubling in the next decade, others caution that the stock may now be too costly to invest in as it has already appreciated significantly this year. The overall sentiment reflects a mix of optimism for the commodity and caution regarding the valuation of SCCO.
It is more expensive and less effective in terms of operations than others. Copper has done well and should continue to do so since there is huge demand. It should double over the next ten years. He owns Freeport-McMoRan in the space which produces one million pounds out of the US and has other production, for example its mine in Indonesia.
Southern Copper Corp. is a American stock, trading under the symbol SCCO (previously SCCO-N on Stockchase) on the New York Stock Exchange (SCCO). It is usually referred to as NYSE:SCCO or SCCO
In the last year, 3 stock analysts issued a Buy, Sell, or Hold rating on SCCO (previously SCCO-N on Stockchase). 1 analyst recommended to BUY and 2 analysts recommended to SELL the stock. The latest stock analyst rating is BUY. Read the latest stock experts' ratings for Southern Copper Corp..
Southern Copper Corp. was recommended as a Top Pick by Jim Cramer - Mad Money on 2026-08-31. Read the latest stock experts ratings for Southern Copper Corp..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Southern Copper Corp..
Southern Copper Corp. is followed by 13 investors on Stockchase and is a trending stock that is worth watching.
On 2026-09-04, Southern Copper Corp. (SCCO) stock closed at a price of $198.76.
Copper has been booming the past year from data centre demand. In July, SCCO tested its 200-day moving average and a floor of support, then ripped higher. It's now in a bullish trading channel. Is up 50% this year, but expects more room to run. There are option calls for October at $210 and $220 and $220 in January. If it break above $220, Lang targets $250.