SCCO Stock Recent News

In the closing of the recent trading day, Southern Copper (SCCO) stood at $94.65, denoting a +1.27% move from the preceding trading day.

Mid-tier oil and gas exploration stocks rose on Thursday, led by gains in Tullow Oil PLC (LSE:TLW) and Enquest PLC (AIM:ENQ), following signals that the UK government will move to unlock new drilling in the North Sea. Labour’s Ed Miliband is preparing to lift legal barriers that had blocked major fossil fuel projects, reversing a January court decision that halted the Rosebank and Jackdaw fields. The Scottish court had ruled the projects unlawful due to emissions regulations. Miliband now plans to amend the law on greenhouse gas emissions, enabling the development of these fields and potentially reviving the UK’s North Sea oil sector. Ministers are expected to restart the approval process for Rosebank and Jackdaw later today, with Energy Minister Michael Shanks in Scotland to confirm the outcome of a consultation on the matter. Shell and Equinor, which have invested heavily in the projects, have expressed frustration over delays. In early afternoon trading, Tullow and Equinor share

In the closing of the recent trading day, Southern Copper (SCCO) stood at $96.45, denoting a +1.78% move from the preceding trading day.

Southern Copper's financials are strong, with record revenue and cash flow, but the stock trades at very high multiples for a commodity company. Copper's long-term demand outlook is positive, yet current high prices and cyclical risks make buying at these levels unattractive. Grupo México's dominant ownership of SCCO poses governance risks for minority shareholders, including limited influence and potential for privatization at lower prices.

Southern Copper (SCCO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Southern Copper (SCCO) closed the most recent trading day at $96.93, moving +1.35% from the previous trading session.

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Southern Copper (SCCO) closed at $92.45 in the latest trading session, marking a +1.69% move from the prior day.

Recently, Zacks.com users have been paying close attention to Southern Copper (SCCO). This makes it worthwhile to examine what the stock has in store.

HIGHLIGHTS 2,500m diamond drilling programme to commence at Chancho al Palo, targeting a range of porphyry and iron oxide copper-gold ("IOCG") targets. Ilo Este mining agency drill permit approved, with a diamond drilling program expected to commence in June 2025 1 , targeting highly prospective copper targets.