Over a week ago | ||||
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Freeport-McMoRan upgraded to Outperform from Sector Perform at Scotiabank »
08:41 03/14/23 03/1408:41 03/14/2308:41
FCX
Freeport-McMoRan
Southern Copper
Antofagasta
Scotiabank upgraded… Scotiabank upgraded Freeport-McMoRan (FCX) to Outperform from Sector Perform with a price target of $50, up from $41. The price of molybdenum has "soared" to levels above $35.00/lb and this "impressive rally" to nearly five-times the price observed at its 2020 bottom reflects improved market conditions on the back of increasing demand and supply shortages, said the firm, which analyzed whether there is evidence of a more structural change in the molybdenum market that points to strong pricing conditions ahead. Freeport, Southern Copper (SCCO) and Antofagasta (ANFGF) are the three largest producers of molybdenum among mining companies under the firm's coverage and that trio accounts for 30% of global production, the analyst noted. ShowHide Related Items >><<
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Over a month ago | ||||
Options
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Southern Copper options imply 3.1% move in share price post-earnings »
14:49 01/31/23 01/3114:49 01/31/2314:49
SCCO
Southern Copper
Pre-earnings options… Pre-earnings options volume in Southern Copper is normal with puts leading calls 4:3. Implied volatility suggests the market is anticipating a move near 3.1%, or $2.32, after results are released. Median move over the past eight quarters is 1.0%. ShowHide Related Items >><<
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Recommendations
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Southern Copper price target raised to $56 from $55 at Barclays »
06:46 01/30/23 01/3006:46 01/30/2306:46
SCCO
Southern Copper
Barclays analyst Matthew… Barclays analyst Matthew Murphy raised the firm's price target on Southern Copper to $56 from $55 and keeps an Equal Weight rating on the shares. While economic growth has remained better than expected, gold is a good hedge against further deterioration in the outlook, says the analyst, who continues to prefer gold over copper equities. A soft economic landing is possible, but monetary tightening is not done yet, contends Barclays. ShowHide Related Items >><<
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Southern Copper price target raised to $60 from $40 at Citi »
08:57 01/11/23 01/1108:57 01/11/2308:57
SCCO
Southern Copper
Citi analyst Alexander… Citi analyst Alexander Hacking raised the firm's price target on Southern Copper to $60 from $40 and keeps a Sell rating on the shares. The analyst updated his copper models ahead of the Q4 results and to incorporate higher copper price forecasts from Citi's global commodity team. ShowHide Related Items >><<
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Wolfe upgrades Southern Copper to Peer Perform on falling costs »
06:16 01/11/23 01/1106:16 01/11/2306:16
SCCO
Southern Copper
Wolfe Research analyst… Wolfe Research analyst Tinma Tanners upgraded Southern Copper to Peer Perform from Underperform without a price target. The upgrade reflects costs falling on the company's byproduct credits as well as energy cost relief, on top of a modestly better copper outlook, Tanners tells investors in a research note. Southern Copper's "strong" dividend payout and free cash flow can prompt a higher multiple and attract investors, despite the company's limited growth, says the analyst. ShowHide Related Items >><<
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Southern Copper upgraded to Peer Perform from Underperform at Wolfe Research »
06:12 01/11/23 01/1106:12 01/11/2306:12
SCCO
Southern Copper
Wolfe Research analyst… Wolfe Research analyst Tinma Tanners upgraded Southern Copper to Peer Perform from Underperform. ShowHide Related Items >><<
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Recommendations
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Southern Copper price target raised to $50 from $45 at Deutsche Bank »
07:35 01/10/23 01/1007:35 01/10/2307:35
SCCO
Southern Copper
Deutsche Bank analyst… Deutsche Bank analyst Abhi Agarwal raised the firm's price target on Southern Copper to $50 from $45 and keeps a Sell rating on the shares. The global growth dynamic sets up a more positive backdrop for industrial and precious metals, Agarwal tells investors in a research note. The analyst revised estimates higher and now forecasts a "much shallower" year-over-year price and earnings decline in 2023. Agarwal continues to like copper near term but anticipates some supply-led price easing in the second half. ShowHide Related Items >><<
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Over a quarter ago | ||||
Recommendations
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Southern Copper upgraded at Santander, Ternium and Usiminas downgraded »
11:05 11/28/22 11/2811:05 11/28/2211:05
SCCO
Southern Copper
Usiminas
Ternium
As reported before the… As reported before the open, Grupo Santander analyst Rafael Barcellos upgraded Southern Copper (SCCO) to Outperform from Neutral with a $69 price target, up from $60, and downgraded Ternium (TX) to Neutral from Outperform with a price target of $35, down from $45, and downgraded Usiminas (USNZY) to Neutral from Outperform with a R$9 price target, down from R$14.50. The rating changes reflect his updated outlook for the LatAm Metals & Mining sector, including his metal price forecasts, supply/demand models, and estimates across his coverage universe. ShowHide Related Items >><<
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Southern Copper upgraded to Outperform from Neutral at Grupo Santander »
07:08 11/28/22 11/2807:08 11/28/2207:08
SCCO
Southern Copper
Grupo Santander analyst… Grupo Santander analyst Rafael Barcellos upgraded Southern Copper to Outperform from Neutral with a $69 price target. ShowHide Related Items >><<
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On The Fly
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Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations »
09:59 11/23/22 11/2309:59 11/23/2209:59
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