Market Overview

UPDATE: Citigroup Maintains Southern Copper Company at Buy Following 2013 Guidance

Related SCCO
HSBC Initiates Southern Copper At Buy
Benzinga's Top Initiations
Commodities Today: Investors Pick Their Spots In This Market (Seeking Alpha)

Citigroup reiterated its Buy rating and $41 price target on Southern Copper Company (NYSE: SCCO).

Citigroup said, "Southern Copper has provided guidance of 640kt of copper production in 2013 (+1% YoY) with net cash cost of $0.71/lb (0% YoY, driven by higher moly production). This was slightly better than expected and we have raised estimates by +2% in 2013-14. Keeping costs flat would be positive compared with Antofagasta's guidance of +36% (and we continue to prefer Southern Copper)."

Southern Copper Company closed at $39.84 on Friday.

Latest Ratings for SCCO

Jul 2015BarclaysMaintainsOverweight
Jun 2015HSBCInitiates Coverage onBuy
May 2015BarclaysMaintainsOverweight

View More Analyst Ratings for SCCO
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Reiteration Analyst Ratings


Related Articles (SCCO)

Get Benzinga's Newsletters