Here's How Much $1000 Invested In Southern Copper 10 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Southern Copper (NYSE:SCCO) has produced an average annual return of 11.4%, outperforming the market by 1.53% annually. A $1000 investment in SCCO a decade ago would now be worth $2,907.70. The company's current market capitalization stands at $63.96 billion.
January 03, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Southern Copper has shown strong performance with an 11.4% average annual return over the past decade, turning a $1000 investment into $2,907.70.
The historical performance of Southern Copper is indicative of the company's strong past growth and may positively influence investor sentiment. The significant return on investment over a decade highlights the company's potential for long-term value creation, which could attract more investors looking for stable growth opportunities. However, past performance is not always indicative of future results, and investors should consider current market conditions and future prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100