Company Performance - Southern Copper (SCCO) closed at $88.93, down 1.72% from the previous trading session, underperforming the S&P 500 which gained 1.59% [1] - Over the past month, shares of Southern Copper have decreased by 2.33%, compared to a loss of 0.27% in the Basic Materials sector and a loss of 2.42% in the S&P 500 [1] Upcoming Financial Results - Southern Copper is expected to report an EPS of $1.26, reflecting a growth of 34.04% year-over-year [2] - Revenue is projected to be $2.68 billion, indicating a 3.22% increase compared to the same quarter last year [2] Full Year Projections - For the full year, earnings are estimated at $4.66 per share and revenue at $11.55 billion, representing increases of 7.62% and 1.03% respectively from the prior year [3] Analyst Estimates and Market Sentiment - Recent modifications to analyst estimates for Southern Copper suggest a changing business landscape, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which reflects these estimate changes, currently rates Southern Copper at 3 (Hold) [6] Valuation Metrics - Southern Copper has a Forward P/E ratio of 19.41, which is higher than the industry average of 15.66 [7] - The company holds a PEG ratio of 1.76, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.79 [7] Industry Context - The Mining - Non Ferrous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 164, placing it in the bottom 35% of over 250 industries [8]

Core Insights - Zacks Premium provides various tools to enhance stock market investment confidence and knowledge [1] - The Zacks Style Scores offer a unique rating system for stocks based on value, growth, and momentum [3][4] Zacks Style Scores - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score [4][5][6][7] - Value Score identifies attractive stocks using ratios like P/E and Price/Sales [4] - Growth Score focuses on a company's financial health and future outlook [5] - Momentum Score helps investors capitalize on price trends [6] - VGM Score combines all three styles to find stocks with the best overall potential [7] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to assist in stock selection [8] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500 with an average annual return of +25.41% since 1988 [9] - A total of over 800 stocks are rated, making it essential to use Style Scores for optimal selection [10] Stock Example: Southern Copper Corporation (SCCO) - Southern Copper Corporation is engaged in mining and refining copper and other minerals across several countries [12] - SCCO holds a 3 (Hold) rating with a VGM Score of B and a Momentum Style Score of B [12] - Recent upward revisions in earnings estimates indicate a consensus estimate of $4.62 per share for fiscal 2025, with an average earnings surprise of 7.9% [13]

Southern Copper (SCCO) came out with quarterly earnings of $1.01 per share, missing the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.98%. A quarter ago, it was expected that this miner would post earnings of $1.12 per share when it actually produced earnings of $1.15, delivering a surprise of 2.68%.Over the last four quarters, the company has ...

Financial Performance - 4Q24 net sales reached $2,784.3 million, a 21.3% increase from 4Q23, driven by higher sales volumes for copper (+5.4%), zinc (+59.4%), and silver (+21.6%) [1] - 2024 net sales hit a record high of $11,433.4 million, up 15.5% from 2023, primarily due to increased sales volumes for copper (+5.5%), molybdenum (+7.9%), zinc (+44.6%), and silver (+15.7%) [1] - 4Q24 net income was $793.9 million, a 78.4% increase compared to $445.0 million in 4Q23, with a net income margin of 28.5% [1] - 2024 net income totaled $3,376.8 million, a 39.2% increase from 2023, with a net income margin of 29.5% [1] - 4Q24 adjusted EBITDA was $1,506.7 million, a 42.7% increase from $1,055.5 million in 4Q23, with an adjusted EBITDA margin of 54.1% [1] - 2024 adjusted EBITDA reached $6,406.1 million, up 27.4% from 2023, with an adjusted EBITDA margin of 56.0% [1] - Operating income for Q4 2024 was $1,307.3 million, a 50.5% increase from $868.7 million in Q4 2023 [41] - Net income attributable to Southern Copper Corporation for 2024 was $3,376.8 million, a 39.2% increase from $2,425.2 million in 2023 [41] Production and Operations - 2024 copper production increased by 6.9% YoY to 973,851 tons, with significant growth in Peruvian (+10.7%) and Mexican (+4.3%) operations [2] - Mined zinc production surged 154.9% in 4Q24, attributed to the full ramp-up of the Buenavista Zinc concentrator [2] - Total copper production in 2024 was 977,200 tons, up 6.6% from 916,419 tons in 2023, with mined copper increasing by 6.9% to 973,851 tons [39] - The company reported a total of 2,057.7 million pounds of copper produced in Year 2024, an increase from 1,935.4 million pounds in Year 2023 [59] Costs and Expenses - Operating cash cost per pound of copper decreased to $0.96 in 4Q24, down 22.5% from $1.25 in 4Q23, and $0.89 for the full year 2024, a 13.9% reduction from 2023 [5] - Operating cash cost before by-product revenues for Q4 2024 was $1,158.9 million, up from $1,114.7 million in Q4 2023, indicating a 4.0% increase [59] - Year 2024 operating cash cost before by-product revenues totaled $4,389.5 million, up from $4,235.0 million in Year 2023, reflecting a 3.6% increase [59] - Selling, general and administrative expenses for Q4 2024 were $34.5 million, slightly higher than $33.1 million in Q4 2023, reflecting a 4.2% increase [59] Investments and Projects - The company plans to invest over $600 million in 2025 for modernization and improvements in water usage and tailings management in its Mexican operations [13] - The Michiquillay project in Peru is expected to require an investment of approximately $2.5 billion and is projected to produce 225,000 tons of copper annually starting in 2032 [25] Sustainability and Community Impact - The company achieved a 28% reduction in employee accidents involving lost-time injuries in 2024 compared to previous years [28] - The Tía María project has led to a 14% increase in crop productivity, benefiting approximately 95% of local families [29] - Southern Copper's sustainability rating improved by 9 points year-over-year, placing it among the top 10 mining companies for sustainability in 2024 [27] Financial Position - As of December 31, 2024, total assets increased to $18,713.5 million, up from $16,725.3 million in 2023, representing a growth of 11.9% [42] - Cash and cash equivalents rose significantly to $3,258.1 million in 2024 from $1,151.5 million in 2023, an increase of 183.5% [42] - Total stockholders' equity increased to $9,238.1 million in 2024, up from $7,481.2 million in 2023, a growth of 23.5% [42] - The company generated $4,421.7 million in net cash from operating activities for the year 2024, compared to $3,573.1 million in 2023, an increase of 23.7% [44] Dividends - Dividends paid in 2024 amounted to $1,637.3 million, a decrease from $3,092.4 million in 2023, indicating a reduction of 47.0% [44]

Group 1 - Southern Copper (SCCO) closed at $91.62, down 1.11% from the previous trading session, underperforming the S&P 500's loss of 0.51% [1] - Over the past month, shares of Southern Copper gained 0.53%, lagging behind the Basic Materials sector's gain of 4.34% and the S&P 500's gain of 2.87% [1] Group 2 - Southern Copper is forecasted to report an EPS of $1.02, reflecting a 78.95% increase from the same quarter last year, with revenue expected to be $2.78 billion, a 21.1% increase year-over-year [2] - Recent changes to analyst estimates for Southern Copper indicate positive sentiment regarding the company's business and profitability [3] Group 3 - The Zacks Rank system, which includes estimate changes, has a history of outperforming, with 1 stocks returning an average annual gain of +25% since 1988; Southern Copper currently holds a Zacks Rank of 3 (Hold) [5] - The consensus EPS projection for Southern Copper has increased by 0.46% in the past 30 days [5] Group 4 - Southern Copper has a Forward P/E ratio of 20.03, which is in line with the industry average [6] - The company has a PEG ratio of 1.81, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.87 [7] Group 5 - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 165, placing it in the bottom 35% of over 250 industries [7][8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - Southern Copper (SCCO) is expected to report a year-over-year increase in earnings due to higher revenues, with the consensus outlook being crucial for assessing the company's earnings picture [1][3]. Earnings Expectations - The consensus EPS estimate for Southern Copper is $1.02 per share, reflecting a year-over-year increase of +79% [3]. - Revenues are anticipated to reach $2.78 billion, marking a 21.1% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. - The Most Accurate Estimate for Southern Copper is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -13.30%, suggesting a bearish sentiment among analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from the consensus estimate, with positive readings being more reliable [7][8]. - Southern Copper's current Zacks Rank is 3, which complicates the prediction of an earnings beat [11]. Historical Performance - In the last reported quarter, Southern Copper exceeded the expected earnings of $1.12 per share by delivering $1.15, resulting in a surprise of +2.68% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - While Southern Copper does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making investment decisions ahead of the earnings release [16].

The most recent trading session ended with Southern Copper (SCCO) standing at $98.68, reflecting a +0.57% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.88%. On the other hand, the Dow registered a gain of 1.24%, and the technology-centric Nasdaq increased by 0.65%.Prior to today's trading, shares of the miner had gained 4.86% over the past month. This has outpaced the Basic Materials sector's gain of 1.03% and the S&P 500's gain of 1.17% in ...

Company Performance - Southern Copper (SCCO) closed at $94.60, with a +0.18% change from the previous day, outperforming the S&P 500 which fell by 0.04% [1] - The upcoming EPS for Southern Copper is projected at $1.06, indicating an 85.96% increase year-over-year, while revenue is expected to be $2.85 billion, reflecting a 24.24% increase compared to the same quarter last year [2] - For the full year, earnings are projected at $4.45 per share and revenue at $11.79 billion, representing increases of +43.09% and +19.11% respectively from the prior year [7] Analyst Estimates and Rankings - Recent changes to analyst estimates for Southern Copper indicate a shifting business landscape, with positive revisions suggesting analyst optimism about the company's profitability [3] - The Zacks Rank for Southern Copper is currently 3 (Hold), with a recent 1.33% decline in the Zacks Consensus EPS estimate [4] - The Forward P/E ratio for Southern Copper is 21.23, which is a premium compared to the industry average of 20.62, and the PEG ratio stands at 1.48, higher than the industry average of 0.94 [9] Industry Context - Southern Copper operates within the Mining - Non Ferrous industry, which is part of the Basic Materials sector, currently ranked 170 out of over 250 industries, placing it in the bottom 33% [5] - The stock has experienced a 5.3% decline over the past month, which is better than the Basic Materials sector's loss of 8.95% but worse than the S&P 500's gain of 1.05% [6]

The latest trading session saw Southern Copper (SCCO) ending at $93.01, denoting a +1.12% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 1.09% for the day. At the same time, the Dow added 1.18%, and the tech-heavy Nasdaq gained 1.03%.The miner's shares have seen a decrease of 8.64% over the last month, surpassing the Basic Materials sector's loss of 8.81% and falling behind the S&P 500's loss of 0.71%.The upcoming earnings release of Southern Copper will be ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-14066 SOUTHERN COPPER CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-3849074 (State o ...