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 ...

Southern Copper Corporation (SCCO) is positioned for growth, supported by its industry-leading copper reserves and expansion projects. The recent pickup in copper and silver prices is expected to boost the company's results. Upbeat Production Outlook Southern Copper expects to produce 948,800 tons of copper in 2024, which indicates a 41% year-over-year improvement. The Pilares project began full operations in 2023, and the company started ramping up production at the Buenavista zinc concentrator. These proj ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

For the quarterly period ended: March 31, 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 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 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) ...

RESULTS First Quarter 2024 Exhibit 99.1 Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375 southerncopper@southernperu.com.pe www.southerncoppercorp.com April 25, 2024 Southern Copper Corporation (NYSE and BVL: SCCO) ● 1Q24 net sales were $2,599.8 million, which represented growth of 13.3% with regard to 4Q23's figure. Expansion was primarily fueled by an increase in the sales volumes of copper (+9.6%) and silver (+15.3%) and by an uptick in metal prices for all our products, with the exception ...