Zacks Investment Research upgraded shares of SOUTHERN COPPER (SCCO) from UNDERPERFORM to NEUTRAL on August 20, 2013, with a target price of $29.00.
Southern Peru Copper Corp. objective is to increase stockholder value through earnings and cash flow growth in varied market conditions. The company intends to further realize the potential of there existing operations by expanding our production capacity and reserves, as well as exploring and developing promising mineral deposits. The company believe that there existing operations have significant growth potential that can be financed mainly through internally generated cash flows. They also intend to supplement internal growth by selectively pursuing value-enhancing acquisition opportunities.
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