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Southern Copper Corp (USA)

  • These Copper Miners Look Attractive

    By Robert Ciura - May 15, 2013 | Tickers: FCX, RIO, SCCO

    In today’s zero interest rate environment, investors continue to search for yield. While traditional sources of income, such as telecom or utilities stocks, continue to accomplish the goal of providing suitable income, savvy investors would be wise to turn to the copper industry.

    While it may seem surprising, the copper industry contains some large-caps that provide solid income. Making things even better, these stocks are trading for reasonable valuations more »

  • Southern Copper Is On the Road To Recovery

    By Nur Tarkak - May 14, 2013 | Tickers: FCX, SCCO, SLT

    Southern Copper (NYSE: SCCO) released its first quarter financial report on April 26, showing quite disappointing figures. Almost all key result areas are down versus the previous quarter, and against the same period a year ago. But in spite of that, shares went up. It seems that investors did not care much about the current financial performance of the company. Instead, the trading of Southern Copper was heavily influenced by more »

  • Why Southern Copper Sees Hope In Ecuador

    By Jaiyant Cavale - May 8, 2013 | Tickers: WIRE, FCX, SCCO

    Southern Copper (NYSE: SCCO) has seen better days, and that was made obvious when it announced its first quarter results. Its net income fell by 20.3% to just $495.4 million. The company blamed its losses on lower ore grades at its Mexican and Peruvian mines. However, the future of the company is bright. Investors need to note that the company suggested in the first week of April that more »

  • Why Investors Should Consider Peru

    By Matt Smith - May 7, 2013 | Tickers: BVN, BAP, EPU, NEM, SCCO

    Peru is one of the fastest growing economies in Latin America. Its economy has been expanding at a startling speed, with an annual average GDP growth rate of 5% over the last two decades. The staggering rate of economic growth has been fueled by a commodities boom and a significant influx of foreign direct investment into the country´s commodities sector. This has generated solid tax and royalty revenues that more »

  • Looking for Value: Petrobras and Southern Copper

    By Damian Illia - May 7, 2013 | Tickers: PZE, PBR, SCCO

    The Latin American companies presented below have a strong correlation to commodity prices. Two of them are closely related (one is a subsidiary of the other), but operations take place in two very different countries and, hence, results differ hugely. The other is a mining company that also operates in Latin America.

    Given that commodity prices have recently been extremely volatile (while Brent crude rebounded past an important psychological barrier more »

  • Is Freeport-McMoRan a Buy?

    By Meena Krishnamsetty - April 29, 2013 | Tickers: CLF, VALE, FCX, NEM, SCCO

    The recent market dip has not been good news for Freeport-McMoRan Copper & Gold (NYSE: FCX), a leading miner of copper (demand for which is often taken as an indicator of the global economy’s health), as well as gold. The stock is now down 20% year-to-date, and even at the beginning of 2013, its price was on the decline after the company announced an acquisition of two oil and gas more »

  • Should You Bet on These Beaten Down Copper Plays?

    By Jacob Wolinsky - April 16, 2013 | Tickers: AZC, FCX, SCCO

    Despite a gradually improving domestic economy, prices of many basic-material commodities are depressed. This is because metal markets, for example, are interlinked and price movements depend on net changes in demand. Since European economies are faced with prospects for a full blown recession while China is merely a shadow of its past, a slowly improving US economy is too weak a pull for metal prices. 

    Copper depressed

    One of these more »

  • A Copper Stock to Burnish Your Portfolio

    By Michael Ugulini - April 15, 2013 | Tickers: FCX, RIO, SCCO

    Better your own copper than another man's gold.

                                                      -Georgian Proverb

    Investing in companies with significant interests in copper can be a road to shareholder returns. However, the caveats are what's going on in the global economy and what future economic trends signify. Consider that copper prices rise when the overall global economy expands and new construction is robust. But when the overall global economy takes a nose dive more »

  • Should You Bet On These Beaten Down Copper Plays?

    By Jacob Wolinsky - April 12, 2013 | Tickers: FCX, SCCO

    Despite a gradually improving economy back home, prices of many basic materials commodities are depressed. This is because metal markets, for example, are interlinked and price movements depend on net changes in demand. Since European economies are faced with prospects of a full blown recession while China is merely a shadow of its past, a slowly improving US economy is too weak a pull for metal prices. 

    Copper depressed

    One more »

  • Will This Copper Stock Shine Again?

    By Alex Bastardas - April 3, 2013 | Tickers: FCX, RIO, SCCO

    Copper mining stocks have been experiencing a sell-off of late as macroeconomic worries have spooked some investors. However, fundamentals seem strong and prospects might not be as bleak as the market seems to believe they are.

    Those looking for stock bargains amidst a bull market should perhaps consider copper mining stocks like Freeport-McMoRan Copper & Gold (NYSE: FCX). The company is one of the world's biggest mining players, focused on more »

  • Miners: The Good, The Bad & The Ugly

    By Ken McGaha - March 12, 2013 | Tickers: FCX, NEM, SCCO

    Base metals should enjoy rising prices as the global economy is fueled by the creation of new money from the central banks. This will create opportunities for enormous profits in the base metals sector but only if investments are chosen wisely. However, one must keep in mind not all miners are created equal.

    There are a lot of companies in the mining business but very few of those around today more »

  • An Insider Put Half a Million on This Mining Stock

    By Meena Krishnamsetty - March 8, 2013 | Tickers: VALE, FCX, MMR, NEM, SCCO

    Freeport-McMoRan Copper & Gold (NYSE: FCX) stunned its investors last December when it announced that it would buy two related energy companies, including Mcmoran Exploration (NYSE: MMR), which had some time ago been part of the same business as Freeport, and therefore expand its commodities business to include oil and gas. Many market watchers had treasured Freeport-McMoRan as a barometer of copper demand and therefore of global macro activity in general more »

  • Early Signs of Improvement in China

    By Adam Jones - March 3, 2013 | Tickers: FCX, SCCO

    During a recent industrial conference, the CEO of Joy Global discussed several positive signs for future growth in China.  Some excerpts are shown below.

    “In the international markets, commodities are very, very dependent upon China. And China had its own headwinds through most of 2012. But in the latter half of the year, we started to see improvements in fundamentals. And we look at things that both are more discretely more »

  • The Whistling of Copper Kettles

    By Michael Ugulini - February 25, 2013 | Tickers: FCX, SCCO

    If you train your ear, you can hear the sounds from copper kettles whistling their tunes to investors concerning top copper companies and the prevailing winds for the commodity this year.

    A report at Kitco News (Allen Sykora - December 27, 2012 - kitco.com) relates that the expectation is that there will be a modest surplus of copper on the market this year. However, analysts expect demand to increase somewhat as more »

  • Shift In Commodity Could Mean Opportunity

    By Mike Thiessen - February 12, 2013 | Tickers: FCX, NSU, SCCO

    Nevsun Resources (NYSEMKT: NSU) is going through a transition and investors with patience could benefit.  NSU will shift from gold production to copper production in mid-2013 which is a headwind for earnings and cash flow.  That said, the copper rich ore body should lead to strong free cash flow and earnings in 2014.

    Nevsun Resources

    Nevsun Resources is the operator of its 60% owned Bisha Mine located in Eritrea, East more »

  • Southern Copper Slides After Ratings Downgrade

    By Muhammad Bazil - February 10, 2013 | Tickers: BHP, FCX, SCCO

    A steep decline was witnessed in the share price of Southern Copper Corporation (NYSE: SCCO) after multiple analysts downgraded the company’s stock. The downgrades were made due to the weak expectations regarding the prospective financial performance of the company. Southern Copper Corporation was downgraded from Hold to Underweight by BB&T. The reasons cited by the analysts for the downgrade were the likelihood of reduced dividend payments, the overvaluation more »

  • Three Dividend Stocks You Must Buy

    By Madhu Dube - February 6, 2013 | Tickers: T, PPL, SCCO

    I wish that I had a dollar for every horrifying story I read about the fiscal cliff and its effect on the general appeal for dividend stocks. I have read so many by now that I wish I would have decided to backpack across South East Asia just to avoid them.  Ultimately, fiscal cliff fears surrounding dividend stocks were completely blown away. Dividend stocks still stand strong and income investors more »

  • 4 Income-Producing Stocks for 2013

    By Luke Pinkney - January 31, 2013 | Tickers: CMGE, MCD, MSFT, SCCO

    The day my parents retired was a day of pride for me.  Young enough to still travel and possessing a mutual wanderlust, Mom and Dad have undertaken numerous journeys and fulfilled-long awaited dreams since retiring a few years ago.  Their excursions have included trips to Europe using my airline travel benefits, a low-cost reposition cruise from Barcelona to Miami to deliver a vessel for the winter Caribbean season, and frequent more »

  • 3 Reasons to Avoid This Miner

    By Muhammad Bazil - January 30, 2013 | Tickers: BHP, FCX, SCCO

    Freeport McMoRan Copper & Gold (NYSE: FCX) is one of the few companies that are significantly influenced by copper prices. Freeport is one of the world’s largest copper miners and the strength of the company’s financial position significantly depends upon the strength of copper prices. The overdependence on copper prices is one of the biggest business risks faced by the company, and this is one of the reasons why more »

  • Four Noteworthy Analyst Calls on Tuesday

    By Brian Nichols - January 29, 2013 | Tickers: AIG, HAL, SCCO, TE

    Sometimes an analyst issues a revised outlook or changes his/her rating, but does not inform investors of the reasons behind the call. These typically move stocks on the call alone; the price target and outlook. However, some analysts provide detailed reasons behind the call; these are the outlooks that should be noted and used as part of your fundamental research. Therefore, I am taking a look at such outlooks more »

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