Southern Copper (SCCO): Is the Current Valuation Justified After Recent Share Price Dip?
Southern Copper (SCCO) has seen its stock take a bit of a dip recently, declining by about 2% in the past day. Over the past month, shares have eased down by 4%. However, the bigger picture still shows healthy long-term returns.
See our latest analysis for Southern Copper.
Despite a rough patch over the last week, momentum for Southern Copper is still strong, with a 39.6% year-to-date share price return and a standout 27.7% total shareholder return over the past year. The recent pullback simply follows an extended run of impressive gains. This reflects a stock that has been rewarding patient investors even as near-term sentiment cools a touch.
If you’re weighing new ideas beyond the mining sector, now is a great time to broaden your…
