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南方铜业预计贸易冲突将对铜造成冲击,但对长期前景保持乐观
Wen Hua Cai Jing· 2025-07-31 05:30
Core Viewpoint - The CFO of Southern Copper Corporation, Raul Jacob, expressed concerns about the impact of trade conflicts on the global economy and the copper industry, but remains optimistic about the long-term prospects for copper [1] Group 1: Industry Outlook - The mining sector anticipates that trade conflicts will negatively affect the global economy and the copper industry [1] - Despite current challenges, the industry is expected to maintain resilience in the long term [1] Group 2: Tariff Implications - Jacob highlighted a significant price gap between the COMEX and LME, indicating a high likelihood of the U.S. imposing tariffs on copper imports [1] - The Trump administration plans to implement a 50% tariff starting Friday, with Peru being a major supplier of refined copper to the U.S. [1] - There is uncertainty regarding the details of the tariffs and their potential impact on the company, as tariff levels on other goods and countries have been fluctuating [1] Group 3: Company Position - Grupo Mexico's chairman, German Larrea, stated that the company is monitoring the potential effects of tariffs on its business [1] - Southern Copper is in a solid position to handle uncertainties related to the trade environment [1]
特朗普宣布:50%关税,就在明天!一波多头被打爆:价格应声暴跌超18%
Mei Ri Jing Ji Xin Wen· 2025-07-31 03:13
Group 1 - The U.S. government announced a 50% tariff on certain imported copper products, effective August 1, which includes semi-finished copper products and copper-intensive derivatives [1][3] - The announcement led to a significant drop in copper prices, with New York copper prices falling over 18% to $4.60 per pound, and major copper producers Freeport-McMoRan and Southern Copper saw declines of approximately 10% and 6% respectively [1][3] - The new regulations are expected to disrupt global copper trade flows, as refined copper (electrolytic copper) is excluded from the tariff list, which may lead to a re-export of large quantities of copper previously shipped to the U.S. [4][5] Group 2 - Copper is the third most consumed metal globally, following iron and aluminum, with about half of the copper used in the U.S. being imported, primarily from Chile [5]
Southern Copper (SCCO) Q2 EPS Beats 9%
The Motley Fool· 2025-07-31 01:37
Core Insights - Southern Copper reported strong quarterly results for Q2 2025, surpassing both GAAP earnings per share and revenue expectations despite a decline in copper sales volumes and year-over-year revenue [1][5] Financial Performance - GAAP earnings per share were $1.22, exceeding the analyst estimate of $1.12, while GAAP revenue reached $3,051.0 million, slightly above the expected $3,047.2 million [2][5] - Year-over-year revenue fell by 2.2% due to a 3.0% drop in copper sales volume, but net income increased by 2.4% to $973.4 million, supported by reduced operating costs and by-product credits [2][5] - Adjusted EBITDA was $1,790.9 million, showing a slight decrease from the previous year, with an adjusted EBITDA margin of 58.7% [2][5] Production and Operations - Mined copper output was 238,980 tonnes, primarily affected by declines in Mexico, while by-product production saw significant increases: zinc production surged by 56% and silver output rose by 15.4% [6][7] - Operating cash costs for copper fell to $0.63 per pound, aided by gains from by-product revenues [6] Capital Investments and Sustainability - Capital investments dropped to $235.7 million, a 28.9% decrease from the prior year, while the company continued to develop key projects in Peru and Mexico [2][8] - Southern Copper achieved external verification of its ESG report and improved sustainability metrics, including a 24% reduction in lost time injuries and an increase in renewable energy use to 39% [8] Shareholder Returns - The quarterly dividend was raised to $1.40 per share, marking a 16.7% increase from the previous year, reflecting the company's commitment to returning capital to shareholders [9][10] Future Outlook - Management did not provide specific financial guidance but emphasized strong operational and financial performance as a foundation for resilience [11] - The company is focused on advancing major projects in Peru and addressing regulatory challenges in Mexico [11][12]
美股三大指数收盘涨跌不一,中概指数跌1.82%
Ge Long Hui A P P· 2025-07-30 22:24
Group 1 - The Federal Reserve has maintained interest rates unchanged for the fifth consecutive time, impacting market performance [1] - Major U.S. stock indices showed mixed results, with the Dow Jones down 0.38%, the Nasdaq up 0.15%, and the S&P 500 down 0.12% [1] - Popular technology stocks experienced varied movements, with Nvidia rising over 2% and Apple declining more than 1% [1] Group 2 - Precious metals and copper-related stocks faced significant declines, with Freeport-McMoRan Copper & Gold down over 9% and Southern Copper down over 6% [1] - The Nasdaq China Golden Dragon Index fell by 1.82%, with most popular Chinese concept stocks declining, including NIO and New Oriental down over 4% [1] - Other notable declines included Li Auto down over 3%, Pinduoduo and Xpeng down over 2%, and Alibaba and JD down over 1% [1]
SCC(SCCO) - 2025 Q2 - Earnings Call Presentation
2025-07-30 15:00
2Q25 RESULTS J U L Y 2 0 2 5 Disclaimer The material in this presentation has been prepared Southern Copper Corporation (SCC) and is general background information about SCC's activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including financial forecasts, should not be considered as advice or a recommendation to investors or prospective investors in relation to holding, purchasing or selli ...
SCC(SCCO) - 2025 Q2 - Quarterly Results
2025-07-29 21:15
Exhibit 99.1 Raul Jacob Victor Pedraglio Bertin Galarreta +(602) 264-1375 southerncopper@southernperu.com.pe www.southerncoppercorp.com July 28, 2025 Southern Copper Corporation (NYSE and BVL: SCCO) Molybdenum production registered an increase of 3.5% in 2Q25 compared to 2Q24 as the result of higher production at all our mines, with the exception of La Caridad mine (-0.5%). On a YTD basis, mined zinc production rose 52.9% and mined silver and molybdenum production were up 14.6% and 5.9%, respectively. ● 2Q2 ...
Southern Copper (SCCO) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-07-28 22:51
Company Performance - Southern Copper (SCCO) closed at $97.11, reflecting a -1.1% change from the previous day, underperforming the S&P 500's gain of 0.02% [1] - Prior to the latest trading session, shares of Southern Copper had declined by 4.21%, while the Basic Materials sector gained 4.33% and the S&P 500 increased by 4.93% [1] Earnings Expectations - Analysts anticipate Southern Copper to report earnings of $1.07 per share, indicating a year-over-year decline of 12.3% [2] - The consensus estimate for quarterly revenue is projected at $3.02 billion, down 3.25% from the same period last year [2] Full Year Projections - For the full year, earnings are expected to be $4.63 per share and revenue at $12.38 billion, representing increases of +6.93% and +8.24% respectively from the previous year [3] - Recent changes in analyst estimates are crucial as they reflect the evolving business trends and analysts' confidence in performance [3] Valuation Metrics - Southern Copper is currently trading at a Forward P/E ratio of 21.19, which is lower than the industry average Forward P/E of 21.81 [6] - The company has a PEG ratio of 2.52, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.81 [6] Industry Context - The Mining - Non Ferrous industry is part of the Basic Materials sector, holding a Zacks Industry Rank of 44, placing it in the top 18% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, indicating that top-rated industries outperform lower-rated ones by a factor of 2 to 1 [7]
关税“红利”消退 麦克莫兰铜金(FCX.US)和泰克资源(TECK.US)遭大摩降级
智通财经网· 2025-07-16 04:09
Group 1 - Morgan Stanley downgraded Freeport-McMoRan (FCX.US) and Teck Resources (TECK.US) from "Overweight" to "Hold," with target prices set at $54 and $44 respectively [1] - The performance of copper stocks covered by Morgan Stanley has outpaced LME copper prices by 28 percentage points since April 8, making the risk/reward profile less attractive [1] - Analysts believe Freeport-McMoRan has upside potential due to its exposure to Comex copper and strong gold prospects, but the current risk/reward ratio appears unattractive with few short-term catalysts [1] Group 2 - Morgan Stanley downgraded Southern Copper (SCCO.US) from "Hold" to "Underweight," setting a target price of $99, citing that the stock's valuation seems high relative to historical averages and industry peers [2] - The firm also downgraded Nexa Resources (NEXA.US) from "Hold" to "Underweight," with a target price of $5, due to pessimistic expectations regarding zinc prices and operational issues affecting production targets [2]
Analysts Estimate Southern Copper (SCCO) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2025-07-11 15:00
Core Viewpoint - Southern Copper (SCCO) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ended June 2025, which could significantly influence its near-term stock price [1][2]. Earnings Expectations - The consensus estimate for Southern Copper's quarterly earnings is $1.06 per share, reflecting a year-over-year decrease of 13.1% [3]. - Expected revenues for the quarter are $3.01 billion, down 3.5% from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 14.96%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Southern Copper matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [9][10]. - Southern Copper currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [12]. Historical Performance - In the last reported quarter, Southern Copper exceeded the expected earnings of $1.13 per share, achieving $1.19, resulting in a surprise of +5.31% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. 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 [17].
Southern Copper (SCCO) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2025-07-07 22:51
Core Viewpoint - Southern Copper's stock performance has shown a decline recently, with a notable drop compared to major indices, while the company is expected to report lower earnings and revenue in the upcoming earnings release [1][2]. Company Performance - Southern Copper's stock closed at $104.51, reflecting a -1.28% change from the previous day, underperforming the S&P 500, which lost 0.79% [1]. - Over the past month, shares of Southern Copper have gained 10.69%, outperforming the Basic Materials sector's gain of 4.52% and the S&P 500's gain of 5.22% [1]. Earnings Expectations - The upcoming earnings report is anticipated to show an EPS of $1.09, which is a decrease of 10.66% from the same quarter last year [2]. - The Zacks Consensus Estimate for revenue is projected at $2.9 billion, down 6.86% from the previous year [2]. - Full-year estimates predict earnings of $4.75 per share and revenue of $12.21 billion, indicating year-over-year increases of +9.7% and +6.82%, respectively [3]. Analyst Estimates - Changes in analyst estimates for Southern Copper are crucial as they reflect the shifting dynamics of business performance [4]. - The Zacks Rank system, which incorporates these estimate changes, currently ranks Southern Copper at 3 (Hold) [6]. Valuation Metrics - Southern Copper has a Forward P/E ratio of 22.3, which is lower than the industry average of 23.25 [7]. - The company has a PEG ratio of 2.37, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.89 [8]. Industry Context - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 69, placing it in the top 28% of all industries [9].