Southern Copper Corporation (NYSE:SCCO) is one of the best commodity stocks to buy for the supercycle. On May 15, Scotiabank lifted the price target on Southern Copper Corporation (NYSE:SCCO) to $135 from $133, maintaining an Underperform rating on the shares. The firm told investors that it believes investors should find “attractive trading opportunities” with the industry facing increased volatility and scenarios of high metal price levels.

n

n

Southern Copper Corporation (NYSE:SCCO) also received a rating update from Wells Fargo on May 1, with the firm cutting the price target on the stock to $171 from $186 while maintaining an Equal Weight rating on the shares. The firm stated that fiscal Q1 benefited from solid byproduct credits, adding that energy cost risk was downplayed by management. It also cited the resolved Tia Maria permitting issues and believes that at about 13 times 2026 EV/EBITDA on $6/lb copper, near-term copper tightness appears largely priced in.

n

Southern Copper Corporation (NYSE:SCCO) is involved in the production, development, and exploration of zinc, copper, silver, and molybdenum. The company conducts its operations in the following segments: Peruvian Operations, Mexican Open-Pit Operations, and Mexican Underground Mining Operations.

n

n

While we acknowledge the potential of SCCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

n

n

n

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

n

Disclosure: None. Follow Insider Monkey on Google News.