2024-03-30 08:01:48 ET
Summary
- Southern Copper is a market-leading company in the copper industry with strong fundamentals and solid upside potential.
- The company has the largest copper reserves and experienced management, making it one of the most financially successful companies in the sector.
- However, the company's valuation is now prohibitive, with a high P/E ratio and negative rate of return expected if bought at current prices.
Dear readers/followers,
If you've followed my work to any extent over the past few years, you know that I'm a big investor in many areas that other investors shun - one of them is cyclical commodities, including metals - both precious and semi-precious. Copper is one of them. I invest both In European copper businesses and recyclers and when it comes to the NA/SA-based copper industry, my choice goes to Southern Copper ( SCCO ).
Why does the choice go to Southern Copper? That's what I'll update you on in this article, and show you why this company has outperformed since I invested in it....
Read the full article on Seeking Alpha
For further details see:
Southern Copper: 2024E Update Calls For A Rating Change (Downgrade)