Jim Cramer Says He Doesn’t “Mind Southern Copper, But Copper Has Run a Great Deal”

“Look, I don’t caput Southern Copper, but copper has tally a large deal, and you’ve got what I telephone a parabolic determination successful Southern Copper. It was up $5 today. It’s nary longer got a… It’s 1.98% output is each you get. The stock’s up 25% this year. I gotta archer you… I deliberation you’re late. I can’t condone it.”

Photo by Adam Nowakowski connected Unsplash

Southern Copper Corporation (NYSE:SCCO) focuses connected mining, smelting, and refining copper. The institution besides processes respective different materials, including molybdenum, zinc, silver, gold, and sulfuric acid. On January 13, Wells Fargo raised the institution stock’s terms people to $182 from $144, portion maintaining an Equal-Weight rating.

The steadfast expects beardown copper and aluminum show successful 2026 owed to constricted caller proviso during the archetypal fractional of the year. In addition, Wells Fargo believes that the 50% tariffs connected alloy and aluminum imports volition apt enactment successful place, and the US prices volition stay elevated contempt insignificant USMCA commercialized concessions.

While we admit the imaginable of SCCO arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the champion short-term AI stock.

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