UBS Lowers Price Target On Southern Copper Corporation (SCCO)

Southern Copper Corporation (NYSE:SCCO) is among the 11 Best Copper Stocks to Buy Now. UBS decreased Southern Copper Corporation (NYSE:SCCO)’s price objective to $100 from $120 on April 15 while retaining a Buy rating. The company cited the current trade war as a major reason for the adjustment, which comes after it reduced its expectations for industrial commodities for 2025 and 2026.

UBS Lowers Price Target On Southern Copper Corporation (SCCO).

A large open-pit mining site, its machinery providing a long-term supply of copper.

UBS is still hopeful about the medium-term rebound in copper and aluminum prices while lowering its short-term forecasts for industrial metals, especially copper, because of geopolitical uncertainties. Furthermore, the company still has a positive outlook on gold. Southern Copper Corporation (NYSE:SCCO), a major copper producer, is viewed as well-positioned to prosper once market conditions normalize.

Southern Copper Corporation (NYSE:SCCO) is a fully integrated producer of copper and other minerals, with mining, smelting, and refining operations in Peru and Mexico. It produces copper, molybdenum, zinc, and silver. The business is divided into three segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. It is ranked eighth on our list of the best copper stocks.

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