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Morgan Stanley upgrades Southern Copper to Equal Weight after underperformance » 08:55
12/09/21
12/09
08:55
12/09/21
08:55
SCCO

Southern Copper

$60.31 /

+0.495 (+0.83%)

As previously reported,…

As previously reported, Morgan Stanley analyst Carlos De Alba upgraded Southern Copper to Equal Weight from Underweight with an unchanged price target of $55. He sees a more balanced risk-reward following the stock's underperformance relative to all other major pure copper names over the last twelve months, De Alba tells investors. While the company still faces a challenging production outlook and regulatory uncertainty in Peru, both are now better reflected in the stock price and he sees limited relative downside from here, the analyst added.

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SCCO Southern Copper
$60.31 /

+0.495 (+0.83%)

SCCO Southern Copper
$60.31 /

+0.495 (+0.83%)

12/09/21 Morgan Stanley
Southern Copper upgraded to Equal Weight from Underweight at Morgan Stanley
11/16/21 Wolfe Research
Southern Copper initiated with a Peer Perform at Wolfe Research
07/15/21
Fly Intel: Top five analyst upgrades
07/15/21 HSBC
Southern Copper upgraded to Hold from Reduce at HSBC
SCCO Southern Copper
$60.31 /

+0.495 (+0.83%)

Upgrade
Southern Copper upgraded to Equal Weight from Underweight at Morgan Stanley » 06:22
12/09/21
12/09
06:22
12/09/21
06:22
SCCO

Southern Copper

$60.31 /

+0.495 (+0.83%)

Morgan Stanley analyst…

Morgan Stanley analyst Carlos De Alba upgraded Southern Copper to Equal Weight from Underweight with a $55 price target.

ShowHide Related Items >><<
SCCO Southern Copper
$60.31 /

+0.495 (+0.83%)

SCCO Southern Copper
$60.31 /

+0.495 (+0.83%)

11/16/21 Wolfe Research
Southern Copper initiated with a Peer Perform at Wolfe Research
07/15/21
Fly Intel: Top five analyst upgrades
07/15/21 HSBC
Southern Copper upgraded to Hold from Reduce at HSBC
07/08/21
Fly Intel: Top five analyst upgrades
SCCO Southern Copper
$60.31 /

+0.495 (+0.83%)

Initiation
Southern Copper initiated with a Peer Perform at Wolfe Research » 16:21
11/16/21
11/16
16:21
11/16/21
16:21
SCCO

Southern Copper

$60.57 /

-0.25 (-0.41%)

Wolfe Research analyst…

Wolfe Research analyst Tinma Tanners initiated coverage of Southern Copper with a Peer Perform rating and $62 price target. The analyst has a constructive view on copper.

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SCCO Southern Copper
$60.57 /

-0.25 (-0.41%)

SCCO Southern Copper
$60.57 /

-0.25 (-0.41%)

07/15/21
Fly Intel: Top five analyst upgrades
07/15/21 HSBC
Southern Copper upgraded to Hold from Reduce at HSBC
07/08/21
Fly Intel: Top five analyst upgrades
07/08/21 Barclays
Southern Copper upgraded to Equal Weight from Underweight at Barclays
SCCO Southern Copper
$60.57 /

-0.25 (-0.41%)

SCCO Southern Copper
$60.57 /

-0.25 (-0.41%)

Over a quarter ago
Hot Stocks
Southern Copper sees 2021 copper production 960,000 tons » 13:59
07/26/21
07/26
13:59
07/26/21
13:59
SCCO

Southern Copper

$64.86 /

+1.725 (+2.73%)

The company said,…

The company said, "Copper production decreased 6.3% in 2Q21 in quarter-on-quarter terms to 237,110 tons. This result was driven by a drop in ore grades due to stripping and maintenance works that were rescheduled to this year after having been postponed in 2020 due the COVID 19 pandemic. Copper production fell 3.9% YoY to 475,512 tons. We expect copper production in 2021 to total 960,000 tons."

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SCCO Southern Copper
$64.86 /

+1.725 (+2.73%)

SCCO Southern Copper
$64.86 /

+1.725 (+2.73%)

07/15/21
Fly Intel: Top five analyst upgrades
07/15/21 HSBC
Southern Copper upgraded to Hold from Reduce at HSBC
07/08/21
Fly Intel: Top five analyst upgrades
07/08/21 Barclays
Southern Copper upgraded to Equal Weight from Underweight at Barclays
SCCO Southern Copper
$64.86 /

+1.725 (+2.73%)

SCCO Southern Copper
$64.86 /

+1.725 (+2.73%)

Earnings
Southern Copper reports Q2 EPS $1.21, consensus $1.15 » 13:57
07/26/21
07/26
13:57
07/26/21
13:57
SCCO

Southern Copper

$64.82 /

+1.685 (+2.67%)

Reports Q2 revenue…

Reports Q2 revenue $2.897B, consensus $2.67B. The company said sales 62.3% higher than last year "mainly due to higher market metal prices for all our products." Copper production decreased 6.3% in Q2 in quarter-on-quarter terms to 237,110 tons. "This result was driven by a drop in ore grades due to stripping and maintenance works that were rescheduled to this year after having been postponed in 2020 due the COVID 19 pandemic," it said.

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SCCO Southern Copper
$64.82 /

+1.685 (+2.67%)

SCCO Southern Copper
$64.82 /

+1.685 (+2.67%)

07/15/21
Fly Intel: Top five analyst upgrades
07/15/21 HSBC
Southern Copper upgraded to Hold from Reduce at HSBC
07/08/21
Fly Intel: Top five analyst upgrades
07/08/21 Barclays
Southern Copper upgraded to Equal Weight from Underweight at Barclays
SCCO Southern Copper
$64.82 /

+1.685 (+2.67%)

SCCO Southern Copper
$64.82 /

+1.685 (+2.67%)

Upgrade
Fly Intel: Top five analyst upgrades » 09:54
07/15/21
07/15
09:54
07/15/21
09:54
AMD

AMD

$88.43 /

-0.63 (-0.71%)

, DAL

Delta Air Lines

$41.78 /

+1.09 (+2.68%)

, IDA

Idacorp

$99.58 /

-0.01 (-0.01%)

, SCCO

Southern Copper

$65.23 /

+1.4 (+2.19%)

, CLR

Continental Resources

$36.21 /

+0.31 (+0.86%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AMD (AMD) upgraded to Neutral from Sell at Citi with analyst Christopher Danely saying channel checks indicate AMD share gains "are finally accelerating" in the server market, especially at hyper-scale companies such as Amazon Web Services and Google. 2. Delta Air Lines (DAL) double upgraded to Strong Buy from Market Perform at Raymond James with analyst Savanthi Syth believing expectations have been reset, albeit with some risk if the recovery stalls. 3. Idacorp (IDA) upgraded to Equal Weight from Underweight at Wells Fargo with analyst Sarah Akers thinking there are several positive underlying drivers that could make for constructive updates through the remainder of the year. 4. Southern Copper (SCCO) upgraded to Hold from Reduce at HSBC with analyst Jonathan Brandt saying while metals prices have softened recently in part due to China's efforts to strengthen commodity price controls, prices will benefit from continued supply concerns and a positive demand outlook. 5. Continental Resources (CLR) upgraded to Buy from Neutral at MKM Partners with analyst John Gerdes saying the increase in value is due to a $3 increase in the firm's structural NYMEX oil price outlook to $65, a higher gas price realization, a 10c increase in the firm's structural NYMEX gas price outlook to $2.90, and one-year roll forward of the firm's economic model through YE26. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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SCCO Southern Copper
$65.23 /

+1.4 (+2.19%)

DAL Delta Air Lines
$41.78 /

+1.09 (+2.68%)

CLR Continental Resources
$36.21 /

+0.31 (+0.86%)

AMD AMD
$88.43 /

-0.63 (-0.71%)

AMD AMD
$88.43 /

-0.63 (-0.71%)

07/15/21 Citi
AMD upgraded to Neutral from Sell at Citi
07/06/21 Citi
Intel outsourcing chips to TSMC will help gain back share, says Citi
07/01/21 BMO Capital
Nvidia price target raised to $1,000 from $750 at BMO Capital
06/30/21 BofA
BofA names five U.S. semi picks 'due for catch-up'
DAL Delta Air Lines
$41.78 /

+1.09 (+2.68%)

07/15/21 Susquehanna
Delta Air Lines price target lowered to $45 from $53 at Susquehanna
07/15/21 Raymond James
Delta Air Lines double upgraded to Strong Buy at Raymond James
07/15/21 Raymond James
Delta Air Lines upgraded to Strong Buy from Market Perform at Raymond James
07/12/21 Evercore ISI
Volaris price target raised to $30 from $25 at Evercore ISI
IDA Idacorp
$99.58 /

-0.01 (-0.01%)

07/15/21 Wells Fargo
Idacorp upgraded to Equal Weight from Underweight at Wells Fargo
04/13/21 BofA
Idacorp downgraded to Neutral from Buy at BofA
01/06/21 Wells Fargo
Wells Fargo says buy CenterPoint Energy, sell FirstEnergy
01/06/21 Wells Fargo
Idacorp downgraded to Underweight from Equal Weight at Wells Fargo
SCCO Southern Copper
$65.23 /

+1.4 (+2.19%)

07/15/21 HSBC
Southern Copper upgraded to Hold from Reduce at HSBC
07/08/21
Fly Intel: Top five analyst upgrades
07/08/21 Barclays
Southern Copper upgraded to Equal Weight from Underweight at Barclays
04/20/21 UBS
UBS downgrades Southern Copper to Sell ahead of lower copper prices
CLR Continental Resources
$36.21 /

+0.31 (+0.86%)

07/15/21 MKM Partners
Continental Resources upgraded to Buy from Neutral at MKM Partners
07/15/21 Mizuho
Continental Resources price target raised to $42 from $35 at Mizuho
07/15/21 MKM Partners
Continental Resources upgraded to Buy from Neutral at MKM Partners
07/07/21 Wells Fargo
Continental Resources price target raised to $40 from $35 at Wells Fargo
SCCO Southern Copper
$65.23 /

+1.4 (+2.19%)

IDA Idacorp
$99.58 /

-0.01 (-0.01%)

DAL Delta Air Lines
$41.78 /

+1.09 (+2.68%)

CLR Continental Resources
$36.21 /

+0.31 (+0.86%)

AMD AMD
$88.43 /

-0.63 (-0.71%)

DAL Delta Air Lines
$41.78 /

+1.09 (+2.68%)

AMD AMD
$88.43 /

-0.63 (-0.71%)

DAL Delta Air Lines
$41.78 /

+1.09 (+2.68%)

CLR Continental Resources
$36.21 /

+0.31 (+0.86%)

AMD AMD
$88.43 /

-0.63 (-0.71%)

SCCO Southern Copper
$65.23 /

+1.4 (+2.19%)

DAL Delta Air Lines
$41.78 /

+1.09 (+2.68%)

AMD AMD
$88.43 /

-0.63 (-0.71%)

Upgrade
Southern Copper upgraded to Hold from Reduce at HSBC » 05:21
07/15/21
07/15
05:21
07/15/21
05:21
SCCO

Southern Copper

$63.82 /

-0.55 (-0.85%)

HSBC analyst Jonathan…

HSBC analyst Jonathan Brandt upgraded Southern Copper to Hold from Reduce with a price target of $68.50, up from $67. While metals prices have softened recently in part due to China's efforts to strengthen commodity price controls, prices will benefit from continued supply concerns and a positive demand outlook, Brandt tells investors in a research note. The analyst upgraded Southern Copper to Hold on expectations of continued strength in copper prices.

ShowHide Related Items >><<
SCCO Southern Copper
$63.82 /

-0.55 (-0.85%)

SCCO Southern Copper
$63.82 /

-0.55 (-0.85%)

07/08/21
Fly Intel: Top five analyst upgrades
07/08/21 Barclays
Southern Copper upgraded to Equal Weight from Underweight at Barclays
04/20/21 UBS
UBS downgrades Southern Copper to Sell ahead of lower copper prices
04/20/21 UBS
Southern Copper downgraded to Sell from Neutral at UBS
SCCO Southern Copper
$63.82 /

-0.55 (-0.85%)

SCCO Southern Copper
$63.82 /

-0.55 (-0.85%)

Upgrade
Fly Intel: Top five analyst upgrades » 09:52
07/08/21
07/08
09:52
07/08/21
09:52
FLS

Flowserve

$40.92 /

+0.25 (+0.61%)

, ARPO

Aerpio Pharmaceuticals

$2.32 /

+0.615 (+36.07%)

, SCCO

Southern Copper

$62.00 /

-1.995 (-3.12%)

, TECK

Teck Resources

$21.49 /

-1.11 (-4.91%)

, FBK

FB Financial

$36.19 /

-0.01 (-0.03%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Flowserve (FLS) upgraded to Outperform from Neutral at Credit Suisse with analyst John Walsh saying the stock is oversold based on improving late cycle fundamentals. 2. Aerpio Pharmaceuticals (ARPO) upgraded to Buy from Neutral at H.C. Wainwright with analyst Robert Burns saying the Aadi Bioscience transaction "appears transformative." 3. Southern Copper (SCCO) upgraded to Equal Weight from Underweight at Barclays with analyst Matthew Murphy saying miner margins are now near record highs and stocks are trading at elevated multiples versus history. 4. Teck Resources (TECK) upgraded to Buy from Neutral at BofA with analyst Timna Tanners noting that while long-term prospects are "challenged" as global steel mills look to cut carbon use, he is positive on the rising met coal prices and a better near-term outlook for the company. 5. FB Financial (FBK) upgraded to Buy from Neutral at DA Davidson with analyst Kevin Fitzsimmons citing the stock's recent and sharp underperformance relative to its peers, which have made the valuation on FB Financial appear "more intriguing." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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TECK Teck Resources
$21.49 /

-1.11 (-4.91%)

SCCO Southern Copper
$62.00 /

-1.995 (-3.12%)

FLS Flowserve
$40.92 /

+0.25 (+0.61%)

FBK FB Financial
$36.19 /

-0.01 (-0.03%)

ARPO Aerpio Pharmaceuticals
$2.32 /

+0.615 (+36.07%)

FLS Flowserve
$40.92 /

+0.25 (+0.61%)

07/08/21 Credit Suisse
Flowserve upgraded to Outperform from Neutral at Credit Suisse
07/07/21 Cowen
Cowen upgrades Flowserve into 'favorable operational period'
07/07/21 Cowen
Flowserve upgraded to Outperform from Market Perform at Cowen
04/01/21 Citi
Flowserve shares to outperform as Covid overhang abates, says Citi
ARPO Aerpio Pharmaceuticals
$2.32 /

+0.615 (+36.07%)

07/08/21 H.C. Wainwright
Aerpio Pharmaceuticals upgraded to Buy from Neutral at H.C. Wainwright
12/14/20 H.C. Wainwright
Aerpio Pharmaceuticals price target lowered to $1.50 from $2 at H.C. Wainwright
12/09/20
Fly Intel: Top five analyst initiations
12/09/20 BTIG
Aerpio Pharmaceuticals initiated with a Buy at BTIG
SCCO Southern Copper
$62.00 /

-1.995 (-3.12%)

07/08/21 Barclays
Southern Copper upgraded to Equal Weight from Underweight at Barclays
04/20/21 UBS
UBS downgrades Southern Copper to Sell ahead of lower copper prices
04/20/21 UBS
Southern Copper downgraded to Sell from Neutral at UBS
02/17/21 Citi
Southern Copper upgraded to Neutral from Sell at Citi
TECK Teck Resources
$21.49 /

-1.11 (-4.91%)

07/08/21 BofA
Teck Resources upgraded to Buy at BofA on rising met coal prices
07/08/21 BofA
Teck Resources upgraded to Buy from Neutral at BofA
06/09/21 Raymond James
Teck Resources price target raised to C$35 from C$32 at Raymond James
05/26/21 Deutsche Bank
Teck Resources upgraded to Buy from Hold at Deutsche Bank
FBK FB Financial
$36.19 /

-0.01 (-0.03%)

07/08/21 DA Davidson
FB Financial upgraded to Buy from Neutral at DA Davidson
03/08/21 Truist
FB Financial price target raised to $53 from $43 at Truist
11/06/20 Stephens
FB Financial resumed with an Overweight at Stephens
10/29/20 Piper Sandler
FB Financial upgraded to Overweight from Neutral at Piper Sandler
TECK Teck Resources
$21.49 /

-1.11 (-4.91%)

SCCO Southern Copper
$62.00 /

-1.995 (-3.12%)

FLS Flowserve
$40.92 /

+0.25 (+0.61%)

FBK FB Financial
$36.19 /

-0.01 (-0.03%)

ARPO Aerpio Pharmaceuticals
$2.32 /

+0.615 (+36.07%)

  • 08
    Jun
FLS Flowserve
$40.92 /

+0.25 (+0.61%)

ARPO Aerpio Pharmaceuticals
$2.32 /

+0.615 (+36.07%)

TECK Teck Resources
$21.49 /

-1.11 (-4.91%)

SCCO Southern Copper
$62.00 /

-1.995 (-3.12%)

Upgrade
Southern Copper upgraded to Equal Weight from Underweight at Barclays » 05:51
07/08/21
07/08
05:51
07/08/21
05:51
SCCO

Southern Copper

$63.98 /

+1.6 (+2.56%)

Barclays analyst Matthew…

Barclays analyst Matthew Murphy upgraded Southern Copper to Equal Weight from Underweight with a price target of $55, down from $57. Miner margins are now near record highs and stocks are trading at elevated multiples versus history, says the analyst, who downgrades the North America Metals and Mining industry to Neutral. However, he upgrades Southern Copper with the shares near the price target.

ShowHide Related Items >><<
SCCO Southern Copper
$63.98 /

+1.6 (+2.56%)

SCCO Southern Copper
$63.98 /

+1.6 (+2.56%)

04/20/21 UBS
UBS downgrades Southern Copper to Sell ahead of lower copper prices
04/20/21 UBS
Southern Copper downgraded to Sell from Neutral at UBS
02/17/21 Citi
Southern Copper upgraded to Neutral from Sell at Citi
01/06/21 Barclays
Southern Copper initiated with an Underweight at Barclays
SCCO Southern Copper
$63.98 /

+1.6 (+2.56%)

SCCO Southern Copper
$63.98 /

+1.6 (+2.56%)

Options
Southern Copper put volume heavy and directionally bearish » 10:55
06/03/21
06/03
10:55
06/03/21
10:55
SCCO

Southern Copper

$69.26 /

-2.62 (-3.64%)

Bearish flow noted in…

Bearish flow noted in Southern Copper with 4,323 puts trading, or 3x expected. Most active are Jun-21 60 puts and Jun-21 70 puts, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 5.34, while ATM IV is up over 1 point on the day. Earnings are expected on July 27th.

ShowHide Related Items >><<
SCCO Southern Copper
$69.26 /

-2.62 (-3.64%)

SCCO Southern Copper
$69.26 /

-2.62 (-3.64%)

04/20/21 UBS
UBS downgrades Southern Copper to Sell ahead of lower copper prices
04/20/21 UBS
Southern Copper downgraded to Sell from Neutral at UBS
02/17/21 Citi
Southern Copper upgraded to Neutral from Sell at Citi
01/06/21 Barclays
Southern Copper initiated with an Underweight at Barclays
SCCO Southern Copper
$69.26 /

-2.62 (-3.64%)

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