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Southern Copper (SCCO) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-09-13 22:51
The latest trading session saw Southern Copper (SCCO) ending at $98.69, denoting a +0.7% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the tech-heavy Nasdaq added 0.65%. Shares of the miner witnessed a loss of 7.36% over the previous month, trailing the performance of the Basic Materials sector with its gain of 2.05% and the S&P 500's gain of 4.86%. Market participants will be closely following the financi ...
Southern Copper (SCCO) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-09-12 22:56
Southern Copper (SCCO) closed the latest trading day at $98, indicating a +1.61% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.75% for the day. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%. Shares of the miner witnessed a loss of 4.95% over the previous month, trailing the performance of the Basic Materials sector with its gain of 0.53% and the S&P 500's gain of 4.03%. Investors will be eagerly ...
Why the Market Dipped But Southern Copper (SCCO) Gained Today
ZACKS· 2024-09-04 22:55
The most recent trading session ended with Southern Copper (SCCO) standing at $96.35, reflecting a +0.18% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.16%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.3%. The the stock of miner has fallen by 3.04% in the past month, lagging the Basic Materials sector's gain of 0.19% and the S&P 500's gain of 3.64%. The upcoming earnings release of Southern Copper w ...
Southern Copper Corporation (SCCO) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-08-23 14:05
Southern Copper (SCCO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this miner have returned -2.5%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Mining - Non Ferrous industry, which Southern Copper falls in, has lost 4.2%. The key question now is: What could be the stock's future direction? ...
Is the Options Market Predicting a Spike in Southern Copper (SCCO) Stock?
ZACKS· 2024-08-23 13:36
Investors in Southern Copper Corporation (SCCO) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $50 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It ...
Southern Copper Corporation (SCCO) Is a Trending Stock: Facts to Know Before Betting on It
ZACKS· 2024-08-08 14:06
Southern Copper (SCCO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this miner have returned -16.6% over the past month versus the Zacks S&P 500 composite's -6.5% change. The Zacks Mining - Non Ferrous industry, to which Southern Copper belongs, has lost 19.8% over this period. Now the key question is: Where could the stock be headed in the near term? While media r ...
SCC(SCCO) - 2024 Q2 - Quarterly Report
2024-08-02 19:11
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: June 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 Graphic SOUTHERN COPPER CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-3849074 (Stat ...
Copper Miners Expand Operations to Address Global Supply Shortages
Prnewswire· 2024-08-01 15:30
Energy Metals News Commentary Issued on behalf of Usha Resources Ltd. VANCOUVER, BC, Aug. 1, 2024 /PRNewswire/ -- Energy Metals News – At the beginning of 2024, Forbes was reporting on a showdown between the United States and China over a dwindling copper supply, as prices soared. Now with the rise of artificial intelligence (AI), the tech sector is getting hungrier for more copper, with AI recently helping to find millions of tons of it in Zambia. Despite a small price slump over the last few months, there ...
Southern Copper (SCCO) Q2 Earnings Beat on High Prices & Volumes
ZACKS· 2024-07-30 17:57
Operating profit was $1.6 billion, reflecting a 78.5% year-over-year improvement. The operating margin was 51.5% compared with 39.1% in the year-ago quarter. Adjusted EBITDA jumped 61% year over year to $1.8 billion. Adjusted EBITDA margin was 57.6%, a 914-basis point expansion from the year-ago quarter's margin of 48.5%. Zinc: The company's zinc production surged 73% year over year to 29,419 tons attributed to the contribution from the new Buenavista zinc concentrator. Zinc sales surged 78% year over year ...
Investors Heavily Search Southern Copper Corporation (SCCO): Here is What You Need to Know
ZACKS· 2024-07-26 14:05
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), priceto-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and ...