Price Over Earnings Overview: Southern Copper
Portfolio Pulse from Benzinga Insights
Southern Copper Inc.'s stock has increased by 22.55% over the past month and by 85.68% over the past year. Despite this, some investors are concerned that the stock might be overvalued due to its high price-to-earnings (P/E) ratio of 23.67, compared to the Metals & Mining industry average of 16.89.
July 31, 2023 | 7:16 pm
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Southern Copper's high P/E ratio compared to the industry average may indicate overvaluation, potentially impacting its stock price.
A high P/E ratio can indicate that a stock is overvalued, which could lead to a price correction in the short term. Southern Copper's P/E ratio is significantly higher than the industry average, suggesting that the stock may be overpriced.
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