Goldman Sachs Starts Southern Copper (SCCO) at Neutral

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/22/2026

1. WMT
2. ROST
3. AAP
4. NVDA
5. SPY
6. AVGO
7. SPCX
8. BJ
9. BABA
10. OSIS

July 1, 2011 7:10 AM EDT
Get Alerts SCCO Hot Sheet
Price: $216.00 +8.69%

Rating Summary:
    3 Buy, 11 Hold, 12 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Goldman Sachs resumes coverage on Southern Copper (NYSE: SCCO) with a Neutral rating and $36 price target.

The firm said their bullish view of the copper price cycle and discounted valuation to
historical multiples are offset by short-term overhangs.

Goldman said the main overhangs are: "(1) uncertainties regarding the proposal to merge Asarco and SCCO within AMC, the holding company that controls both mining companies, (2) the regulatory framework for the mining sector in Peru, and (3) execution of the Tia Maria project."

For more ratings news on Southern Copper click here and for the rating history of Southern Copper click here.

Shares of Southern Copper closed at $32.87 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Goldman Sachs