Southern Copper price target lowered to $52 from $54 at Scotiabank

Scotiabank lowered the firm’s price target on Southern Copper to $52 from $54 and keeps an Underperform rating on the shares. The firm estimated the Return on Invested Capital, ROIC, for six LatAm mining companies under its coverage, the analyst tells investors. Scotiabank named Southern Copper as one of the three companies that stood out in terms of ROIC performance over a 10-year period.