(SCCO) Southern Copper - Ratings and Ratios

Southern Copper Corporation is a leading mining company with a diverse portfolio of copper and other minerals across several countries in the Americas. The companys operations span the entire value chain, from mining and milling to smelting and refining, allowing it to capitalize on the growing demand for copper and other essential metals. With a strong presence in Peru and Mexico, Southern Copper Corporation is well-positioned to benefit from the increasing demand for copper driven by the global transition to renewable energy and electrification.

The companys diversified asset base includes several major copper mines, such as the Toquepala and Cuajone open-pit mines in Peru, and La Caridad and Buenavista in Mexico. Additionally, Southern Copper Corporation has a significant presence in the production of other valuable minerals, including molybdenum, zinc, silver, gold, and lead. The companys operations are supported by a large portfolio of concessions and exploration projects, providing a strong foundation for future growth.

From a technical analysis perspective, the current price of SCCO is 90.91, with a SMA20 of 91.06, indicating a potential resistance level. The stock has been trading near its support level of 90.9, and a break below this level could lead to a decline towards 87.4. However, if the stock can break above the resistance level of 101.0, it could be a sign of a strong uptrend. Using the ATR of 2.57, we can expect the stock to trade within a range of 2.82% of its current price.

Combining the technical analysis with the fundamental data, we can forecast that SCCO will continue to trade within a narrow range in the short term. However, with a strong RoE of 39.68 and a growing demand for copper, the company is well-positioned for long-term growth. The current P/E ratio of 20.40 and forward P/E of 22.47 indicate that the stock is fairly valued, but the growing demand for copper and the companys diversified asset base could lead to an increase in the stock price. We forecast that SCCO will reach 105.0 in the next 6-12 months, driven by the increasing demand for copper and the companys strong operational performance.