Technical Roundup On Two Stocks – Southern Copper Corporation (SCCO), Plains All American Pipeline, L.P. (PAA)

Southern Copper Corporation (NYSE:SCCO) recently saw its volume around 2.16 million shares and on average it trades 0.97 million shares a day. The opening price of $42.21, led it to gain -1.62% to reach $42.42 upon the closing bell.

Southern Copper Corporation (SCCO) Analyst Opinion

Southern Copper Corporation has a consensus hold rating from 12 Wall Street analysts, and the number of shares currently sold short amount to at least 10.99% of shares outstanding. The stock sank -1.1% last month and is up 32.81 this year. Wall Street is only getting more bearish on the stock, with 2 of analysts who cover SCCO having a buy-equivalent rating. Analysts have placed a $40.38 price target on Southern Copper Corporation, suggesting a -4.81% decline from recent close. It’s currently trading about -5.08% below its 52-week high.

Southern Copper Corporation Earnings Surprise

Southern Copper Corporation (SCCO) failed to surprise the stock market in its last reported earnings when it earned $0.39 a piece versus the consensus-estimated $0.41. Its revenue totaled $1.55 billion down -2.19% from the previous quarter.

Southern Copper Corporation (NYSE:SCCO) Intraday View

This stock (SCCO) is ahead of its 52-week low with 34.45%. Its last month’s stock price volatility remained 2.44% which for the week stands at 1.96%. The share price has moved backward from its 20 days moving average, trading at a distance of -2.14% and stays -0.27% away from its 50 days moving average. Over the last five days, shares have faced -1.49% losses and now is up 10.94% since hitting its 200-day moving average of $39.39. Southern Copper Corporation (SCCO) has made its way to a 12-month gain of 25.35%.

Turning to Plains All American Pipeline, L.P. (NYSE:PAA), its shares were trading at $19.75 a retreat of $-0.45, on the trading floor. The stock, after opening at $20.15, touched a high of $20.15 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.2. Plains All American Pipeline, L.P. has 7 buy ratings, 11 holds and 0 sells even after the stock tumbled -41.47% from its high of $33.74 to a $13.64 billion market value through last close.

Plains All American Pipeline, L.P. (PAA) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.17 to 2.17 during a month. Analysts set a 12-month price target of $24.3 a share. The target implies a 23.04% spike from where the shares are currently trading. Also, the current price highlights a discount of 41.77% to analysts’ high consensus price target.

Plains All American Pipeline, L.P. (NYSE:PAA) Intraday Trading

The counter witnessed a trading volume of 4.15 million shares versus an average volume of 3.07 million shares during last trading session. Its last month’s stock price volatility remained 3.64% which for the week approaches 3.34%. The lowest price the stock reached in the last trading day was $19.69 and compares with the $18.38 52-week low. The stock recovered 7.45% since its low point and has performed -38.84% year-to-date.

Previous articleAnalyst Observation On 2 Stocks: BT Group plc (BT), The Bank of New York Mellon Corporation (BK)
Next articleA Look Ahead For 2 Stocks: Eaton Corporation plc (ETN), MetLife, Inc. (MET)