Wolfe Research Upgrades Southern Copper (SCCO) to Peerperform

January 11, 2023 5:29 AM EST
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Price: $70.94 +3.26%

Rating Summary:
    2 Buy, 11 Hold, 10 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 16 | New: 24
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(Updated - January 11, 2023 6:09 AM EST)

Wolfe Research analyst Timna Tanners upgraded Southern Copper (NYSE: SCCO) from Underperform to Peerperform.

The analyst comments "We upgrade SCCO to Peer Perform from Underperform to reflect costs falling on byproduct credits and energy cost relief, on top of a modestly better copper outlook. Its strong dividend payout and FCF can prompt a higher multiple and attract investors, despite limited growth."

For an analyst ratings summary and ratings history on Southern Copper click here. For more ratings news on Southern Copper click here.

Shares of Southern Copper closed at $71.82 yesterday.

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