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Should You Buy Southern Copper Corp (SCCO) Stock on Monday?

Monday, October 11, 2021 10:40 AM | InvestorsObserver Analysts
Should You Buy Southern Copper Corp (SCCO) Stock on Monday?

Overall market sentiment has been high on Southern Copper Corp (SCCO) stock lately. SCCO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Southern Copper Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SCCO!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SCCO Stock Today?

Southern Copper Corp (SCCO) stock is trading at $60.30 as of 10:39 AM on Monday, Oct 11, a rise of $1.72, or 2.94% from the previous closing price of $58.58. The stock has traded between $59.64 and $60.78 so far today. Volume today is low. So far 273,214 shares have traded compared to average volume of 911,426 shares.

More About Southern Copper Corp

Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Its geographical segments are The Americas, Europe, and Asia. Click Here to get the full Stock Report for Southern Copper Corp stock.

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