Southern Copper (SCCO) closed the latest trading day at $105.69, indicating a +0.75% change from the previous session's end. This change outpaced the S&P 500's 0.16% loss on the day. Meanwhile, the Dow experienced a drop of 0.14%, and the technology-dominated Nasdaq saw a decrease of 0.06%. Investors will be eagerly watching for the performance of Southern Copper in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.15, reflecting a 64.29% increase from the same ...

Company Participants Operator Now, I will pass the call on to Mr. Raul Jacob. In today's call, we will begin with an update on our view of the copper market and then review Southern Copper's key results related to production, sales, operating costs, financial results, expansion projects, and ESG. After this, we will open the session for questions. improvement was driven by growth at the Toquepala mine, which increased its production by 21%, which was boosted by higher ore grades. This was mainly driven by h ...

Exhibit 99.1 | --- | --- | |------------------------------------|-------| | | | | Raul Jacob | ● | | Victor Pedraglio | | | +(602) 264-1375 | | | | | | | | | southerncopper@southernperu.com.pe | | | www.southerncoppercorp.com | | | | | | | | 2Q24 net sales were $3,118.3 million, which represented growth of 35.5% with regard to 2Q23. Expansion was primarily fueled by an increase in the sales volumes of copper (+5.5%), molybdenum (+21.4%), silver (+31.6%) and zinc (+78.1%) as well as by an increase in metal p ...

The most recent trading session ended with Southern Copper (SCCO) standing at $109.89, reflecting a -1.71% shift from the previouse trading day's closing. This change lagged the S&P 500's 1.39% loss on the day. Elsewhere, the Dow gained 0.6%, while the tech-heavy Nasdaq lost 2.77%. The miner's shares have seen an increase of 3.51% over the last month, surpassing the Basic Materials sector's gain of 2.27% and falling behind the S&P 500's gain of 4.43%. In terms of the entire fiscal year, the Zacks Consensus ...

The miner's stock has dropped by 8.95% in the past month, falling short of the Basic Materials sector's loss of 4.67% and the S&P 500's gain of 3.38%. For the full year, the Zacks Consensus Estimates project earnings of $4.33 per share and a revenue of $11.46 billion, demonstrating changes of +39.23% and +15.77%, respectively, from the preceding year. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created ...

Investors should also note any recent changes to analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. Analysts and investors alike will be keeping a close eye on the performance of Southern Copper in its upcoming earnings disclosure. In that report, analysts expect Southern Copper to post earnings of $1.06 per ...

So, if you are looking for a decent pick in a strong industry, consider Southern Copper. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguab ...

Over the past month, shares of this miner have returned -7.4%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Mining - Non Ferrous industry, which Southern Copper falls in, has lost 12.9%. The key question now is: What could be the stock's future direction? Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines ...

From a valuation perspective, Southern Copper is currently exchanging hands at a Forward P/E ratio of 25.51. This expresses a premium compared to the average Forward P/E of 16.07 of its industry. The latest trading session saw Southern Copper (SCCO) ending at $108.07, denoting a +0.32% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.85%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq appreciated by 1.53%. Market participants wi ...

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. Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Rather than focusing on anything else, we at Zack ...