** Shares of copper miner Southern Copper SCCO.N rise 1.6% to $91.80
** Brokerage UBS upgrades SCCO to "buy" from "neutral", PT at $120
** PT represents a 30.6% upside to the stock's last close
** Brokerage sees SCCO to benefit from higher copper price with the market expected to be in deficit despite macro economic challenges
** Expects co's Tia Maria mine project in Peru to support about 10% of its production volume growth over the next 3 to 4 years
** "We also expect SCCO to continue to trade at a premium to FCX FCX.N & ANTO ANTO.L due to its reliable operational performance, its high quality portfolio of low-cost long-life assets, its strong balance sheet, its simple structure, and its growth optionality" - brokerage
** Stock down ~2% in the past 12 months
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。