copper prices

Southern Copper Corp. (symbol SCCO on New York)is one of the largest copper producers in the world, with operations in Mexico and Peru. More than 80% of its revenue comes from copper sales, with smaller contributions from molybdenum, silver, and zinc. Since 1996, the company’s common stock has been listed on both the New York and Lima stock exchanges.


The company’s financial performance is largely influenced by movements in copper prices....

MERCK & CO. INC., $92.18, is a buy. The drugmaker (symbol MRK on New York) is a pharmaceutical leader in oncology, acute-care and animal health drugs as well as vaccines.

Merck has now exercised an option to jointly develop and potentially sell an mRNA-based cancer vaccine along with Moderna (symbol MRNA on Nasdaq).

The vaccine, mRNA-4157, is being tested in conjunction with Merck’s blockbuster cancer immunotherapy Keytruda, in a mid-stage trial....

SOUTHERN COPPER CORP., $48.07, symbol SCCO on New York, is the fifth-largest copper producer in the world with operations in both Mexico and Peru, it also produces molybdenum, silver, zinc, lead and gold. The company is owned 88.9% by Mexican conglomerate Grupo Mexico.

Between 2024 and 2027, Southern Copper plans to spend $9.2 billion to significantly increase its copper production....

YAMANA GOLD INC., $5.95, is a hold. The miner (symbol YRI on Toronto) owns and operates five gold mines, in Canada, Brazil, Chile and Argentina. This includes the Cerro Moro gold/silver mine in Argentina. It started up in mid-2018.

On May 31, 2022, Yamana received a $6.7 billion U.S....

ALAMOS GOLD INC., $9.18, is a buy. The gold miner (symbol AGI on Toronto) took its current form in July 2015. That’s when it merged with AuRico Gold, at that time a Stock Pickers Digest recommendation. The combined firm owns the Mulatos mine in Mexico, and the Young-Davidson and Island mines in northern Ontario.

The Mulatos mine has now transitioned to a new, nearby deposit called La Yaqui Grande.

Initial gold production has started at the La Yaqui Grande mine, following the completion of construction this month, ahead of schedule....

CANADIAN PACIFIC RAILWAY LTD., $94.69, Toronto symbol CP, is your #1 Conservative Buy for 2022.

CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.

The company has formed a new alliance with French container shipping firm CMA CGM Group.

Under this multi-year pact, CP will be the primary rail carrier for CMA CGM’s freight through the ports of Vancouver, Montreal and Saint John, New Brunswick....

A: Ivanhoe Mines Ltd., $12.92, symbol IVN on Toronto (Shares outstanding: 1.2 billion; Market cap: $15.6 billion; www.ivanhoemines.com), is a Vancouver-based mineral exploration and development company.

Ivanhoe has three main mines/projects:

1. The Kamoa-Kakula mine in the Democratic Republic of Congo (“DRC”) is a joint venture between Ivanhoe Mines and Chinese mining company Zijin Mining Group (symbol ZIJMY on the U.S....

CANADIAN PACIFIC RAILWAY LTD., $97.33, Toronto symbol CP, is your #1 Conservative Buy for 2022.

CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.

This is the fourth year in a row we’ve picked CP as our #1 Conservative stock....

A: Ero Copper Corp. $20.80, symbol ERO of Toronto (Shares outstanding: 89.7 million; Market cap: $1.9 billion; www.erocopper.com), is a Vancouver-based mining company.

The company is focused on copper production from its MCSA Mining Complex in Bahia State, Brazil....

TECK RESOURCES LTD. $19 is a still buy. The stock (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares o/s: 547.3 million; Market cap: $6.0 billion; Price-to-sales ratio: 0.5; Dividend yield: 1.8%; TSINetwork Rating: Extra Risk; www.teck.com) has more than doubled since falling to $8.15 in March 2020....