$33.15
-0.20 (-0.61%)
Southern Copper Corp (USA) (NYSE:SCCO)
CAPS Rating:
The Company is an integrated producer of copper and other minerals, and operates mining, smelting and refining facilities in Peru and Mexico.
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T = 3979 /139A = 610 /29Bottom fishing.Reduced demand and the slumping US economy are killing resource stocks like Southern Copper. While PCU has had great markets in India and China, analysts are now focusing on the reduced demand for Southern Copper’s products and, many believe that this is going to slow PCU’s growth significantly. While I expect the economic decline to continue, I will continue to try to ride these intermediate rallies.