Southern Copper Corp.SCCOPAST TOP PICKNov 22, 2013Stock price when the opinion was issued
As of Sep 04, 2026. Market Open.
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.
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.
(A Top Pick Nov 14/12. Down 30.62%.) Material stocks have not been a great place to be but he thinks this will work this year. This is a low-cost copper producer with the longest life reserves. Good yield.