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Southern Copper Corp.SCCODON'T BUYJan 14, 2026Stock price when the opinion was issued
As of Jun 15, 2026. Market Open.
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.
He doesn't mind this stock, but copper itself has run up. Also, SCCO jumped 3.38% today and its PE is no longer cheap and pays only a 1.8% dividend. SCOO is up 25% this year. Too late to enter this.