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 ...

Core Viewpoint - Southern Copper (SCCO) is currently a highly monitored stock, with various factors influencing its near-term performance [1] Earnings Performance - For the current quarter, Southern Copper is expected to report earnings of $1.06 per share, reflecting a year-over-year increase of +51.4%. The Zacks Consensus Estimate has risen by +14.6% in the last 30 days [3] - The consensus earnings estimate for the next fiscal year is $4.87, indicating a +15.3% change from the previous year, with a +3.2% increase in estimates over the past month [4] - For the current fiscal year, the consensus earnings estimate stands at $4.22, showing a +35.7% change from the prior year, with a +6.4% adjustment in the last 30 days [11] Revenue Growth - The consensus sales estimate for the current quarter is $2.8 billion, representing a year-over-year increase of +21.6%. For the current and next fiscal years, revenue estimates are $11.29 billion and $12.1 billion, indicating changes of +14.1% and +7.1%, respectively [14] - Southern Copper reported revenues of $2.6 billion in the last quarter, which is a year-over-year decline of -7% [20] - The reported revenues exceeded the Zacks Consensus Estimate of $2.5 billion by +3.89% [15] Valuation Metrics - Southern Copper is graded F in terms of valuation, indicating it is trading at a premium compared to its peers [17] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are used to assess whether the stock is fairly valued, overvalued, or undervalued [16] Market Performance - Over the past month, shares of Southern Copper have returned -1%, while the Zacks S&P 500 composite has increased by +4.6%. The Zacks Mining - Non Ferrous industry, which includes Southern Copper, has also seen a -1% change [10] - Southern Copper has surpassed consensus EPS estimates in two of the last four quarters and has topped revenue estimates twice during the same period [7] Analyst Ratings - Southern Copper is rated Zacks Rank 1 (Strong Buy), indicating a potential for outperformance in the near term based on recent changes in earnings estimates and other related factors [12][18]

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 ...

Company Overview - Southern Copper (SCCO) currently has a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, SCCO shares have increased by 5.56%, while the Zacks Mining - Non Ferrous industry has risen by 6.2% [5] - In a longer time frame, SCCO's monthly price change is 17.05%, outperforming the industry's 12.57% [5] - Over the past quarter, SCCO shares have surged by 63.38%, and over the last year, they have risen by 88.22%, compared to the S&P 500's increases of 7.06% and 28.36%, respectively [6] Trading Volume - The average 20-day trading volume for SCCO is 1,482,347 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for SCCO have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $3.46 to $3.97 [9] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [9] Conclusion - Given the strong price performance, positive earnings outlook, and favorable momentum indicators, SCCO is positioned as a solid investment opportunity [10]

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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 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 SOUTHERN COPPER CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

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: September 30, 2023 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 SOUTHERN COPPER CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-3849074 (State o ...

Washington, D.C. 20549 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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, 2023 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 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 SOUTHERN COPPER ...