Southern Copper Corp. (SCCO) Updated!
Not doing great stock price wise for now. Will check in on it later in the year 2023. One of the world’s largest integrated copper producers in world operating in Mexico and Peru. Large Cap. Market Cap of 65.3 Billion. 7.88 % of common. stock owned by institutions (banks, hedge funds, mutual funds, etc. ) SCCO founded in 1952 and mines and explores with exploration in Argentina, Chile, Ecuador, Mexico and Peru. Stock at almost a 52 week high at $84. China will add stimulus in China to help Chinese economy and this may be expected to increase demand for metals used in production. SCC) mines for copper, molybdenum, silver and zinc. Return on Equity is up 32.75%. Return on Equity is a formula of net income divided by shareholder’s equity. Shareholder’s equity is a basket. holding all common and preferred stock held by anyone, retained earnings (earnings previously earned and held) paid in capital (cash received from sale of shares of stock). Net income is all income after subtracting all expenses and taxes.