Southern Copper Corporation (NYSE:SCCO) Downgraded but Still Shows Strong Momentum

Group 1 - Southern Copper Corporation (NYSE:SCCO) is a significant player in the mining industry, primarily producing copper, molybdenum, zinc, and silver, with operations in Peru and Mexico, making it one of the largest integrated copper producers globally [1] - The current stock price of SCCO is $147.18, reflecting a 2.21% increase or $3.18, with a trading range over the past year between $72.86 and $149.75, and a market capitalization of approximately $120.3 billion [4][6] - The company has achieved a Momentum Style Score of A from Zacks Investment Research, indicating strong performance in momentum investing due to significant price changes and revisions in earnings estimates [3] Group 2 - Itau BBA downgraded Southern Copper to an "Underperform" rating on December 22, 2025, despite the stock being recognized as a strong momentum stock [2][6] - Today's trading volume for SCCO is 920,961 shares, indicating active investor interest, which suggests potential opportunities for investors following momentum strategies [5][6]