5 Best Stocks to Buy in 2021 According to Louis Navellier

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1. Southern Copper Corporation (NYSE: SCCO)

Navellier’s Stake Value: $1,187,000
Percentage of Louis Navellier’s 13F Portfolio: 0.21%
No. of Hedge Fund Holders: 27

Southern Copper Corporation (NYSE: SCCO) is a mining company that deals with copper mining, smelting, and refining. It has operations in Chile, Ecuador, Argentina, Peru, and Mexico. Copper prices have been on the rise thanks to the ongoing economic recovery. This is helping Southern Copper.

The company reported its Q1 2021 earnings per share at $0.99, outperforming the $0.91 consensus estimate. Its adjusted EBITDA for the same quarterly period was $1.55 billion, twice the figure it reported in Q1 2020. Copper production dropped to 239.1K metric tons representing a 1.5% drop YoY in Q1.

In February, Citi’s Alexander Hacking upgraded the stock of Southern Copper Corporation (NYSE: SCCO) to “Neutral” from “Sell” and has set a price target of $70.

You can also take a peek at Billionaire Andreas Halvorsen’s Top Stock Picks and Billionaire Lee Ainslie’s Top 10 Stock Picks. 

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