Southern Copper Corporation (SCCO) Social Stream
Featured Post From StockTwits About SCCO
I'm putting out a bullish analysis of $COPX / $CPER / $SCCO / $FCX / $RIO tomorrow, so if you're interested, follow me and stay tuned!TheRealNewbieInvestor, published June 13, 2021
Copper is is just starting to go through a massive bull cycle, but there are still lots of legs to it. Over the next several years, the metal is likely to appreciate by 60 to 120%, maybe more. The 3 miners that I have tagged offer you great exposure:
- Southern Copper only focuses on copper
- Freeport-McMoran also has gold mining operations so that's a nice way to spread the risk a little bit
- Rio Tinto mines copper, iron, bauxite, titanium, diamons, etc.! Great company at a great price with a great dividend. I'm actually very excited about it, the stock is absolutely spot and is a great inflation hedge, something that all of our portfolios need right now!
What Else are SCCO Traders Talking About?
Other Notable StockTweets About SCCO
How will this affect the market? $SCCO's price moved above its 50-day Moving Average on June 1, 2021. View odds for this and other indicators: https://srnk.us/go/2778297tickeron, published June 2, 2021
$SCCO / Southern Copper files form 8-K - UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): June 2, 2021 (May 28, 2021) SOUTH https://fintel.io/sf/us/scco?utm_source=stocktwits.com&utm_medium=Referral&utm_campaign=filingrisenhoover, published June 2, 2021
Fri May 28th
Today's WORST performing sector midday:
biggest 20 Materials stocks by mkt cap:
1) $SCCO: +0.8%
2) $CTVA: +0.8%
3) $VALE: +0.7%
4) $NTR: +0.7%
5) $GOLD: +0.6%
see all 20 here:
$SCCO bearish in the short term (several weeks) with upcoming tense election with socialist candidate, instability in neighboring Chile copper mines, near-term copper price choppiness, price ahead of analyst’s current targets ranging 60-70, and price consolidation today after gap down.
Of course very bullish in long term given general copper outlook and book/managerial strength of the company.