Company Overview - Southern Copper (SCCO) currently has a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, SCCO shares have increased by 5.56%, while the Zacks Mining - Non Ferrous industry has risen by 6.2% [5] - In a longer time frame, SCCO's monthly price change is 17.05%, outperforming the industry's 12.57% [5] - Over the past quarter, SCCO shares have surged by 63.38%, and over the last year, they have risen by 88.22%, compared to the S&P 500's increases of 7.06% and 28.36%, respectively [6] Trading Volume - The average 20-day trading volume for SCCO is 1,482,347 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for SCCO have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $3.46 to $3.97 [9] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [9] Conclusion - Given the strong price performance, positive earnings outlook, and favorable momentum indicators, SCCO is positioned as a solid investment opportunity [10]
Here's Why Southern Copper (SCCO) is a Great Momentum Stock to Buy