Southern Copper is a copper specialist that operates all along the copper supply chain. (Source: IG) 2. Southern Copper Corporation (NYSE:SCCO) Net income benefited from Net exchange losses/gains on the external increase from $1.12bn (expense) to $802m (income).Copper Production – Refined – Kennecott increase of 69% to 143K metric tons.Price per Long Ton, Total increase from $6,097 to $915,657 per metric tonne Net income increased from $9.77bn to $21.09bn.Rio Tinto plc revenues increased 42% to $63.5bn.Highlights from the financial results up to 31st December 2021 include: Rio Tinto PLC – Broker Ratings & Fundamentals But for anyone looking to gain exposure to the sector and the potential for significant income returns, Rio is an attractive prospect. The average broker rating for the stock is ‘Hold’, which reflects that the cyclical nature of the copper market can’t be guaranteed to continue. That allows it plenty of headroom to carry on its upward momentum. Should the buying pressure continue to send prices higher and above that level, the stock will be printing at all-time highs.
Despite the recent share price rise, the dividend yield on the stock is an eye-watering 10.56%.įrom a technical analysis perspective, the price high of May 2021 is currently coming into play. As a well-established operation, Rio Tinto is in a position to return a lot of those gains to investors in the form of dividends. The latest financial reports included highlights such as 2021 revenue exceeding 2021’s by a staggering 72% and record profits of $21.4bn.
#COPPER STOCKS HOW TO#
It will explore investment opportunities across the different areas of the industry and provide a step-by-step guide on how to invest using a trusted broker. To establish the best copper stocks to buy, this review will consider price data, technical analysis, fundamental analysis and generic sector-wide factors. In the case of copper stocks, that time could be now. One of the secrets of successful investing is to spot momentum when it is building and to trade in the same direction. Copper miners cannot react quickly to market events, so the price of copper and the company shares can skyrocket. These occur when demand outstrips supply for an extended period because it typically takes more than 10 years to bring a new mine into production. There are also commodity super-cycles to consider. However, by buying shares in copper miners, rather than the metal itself in the form of futures, investors can cut their trading costs and take comfort from operating in a well-regulated market. Peaks and troughs in demand for the metal can result in copper stock prices whipsawing. Copper stocks offer a convenient way for investors to take a position on commodities, the general state of the global economy, and the renewables sector.
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