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 ...

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 ...

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 ...

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 ...

Southern Copper Corporation (NYSE:SCCO) Q2 2024 Earnings Conference Call July 22, 2024 11:00 AM ET Company Participants Raul Jacob - VP Finance, Treasurer and CFO Conference Call Participants Carlos de Alba - Morgan Stanley Marcio Farid - Goldman Sachs Alejandro Demichelis - Jefferies Sofia Martin - GBM Hernan Kisluk - MetLife Alfonso Salazar - Scotiabank Myles Allsop - UBS Jonathan Brandt - HSBC David Feng - CICC Operator Good morning, and welcome to Southern Copper Corporation's Second Quarter and Six Mon ...

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 ...