Why Southern Copper (SCCO) Outpaced the Stock Market Today

Group 1: Company Performance - Southern Copper (SCCO) closed at $113.14, marking a +1.46% move from the prior day, outperforming the S&P 500 which gained 0.47% [1] - The stock gained 12.43% over the previous month, surpassing the Basic Materials sector's gain of 6.97% and the S&P 500's gain of 3.48% [1] Group 2: Earnings Projections - The upcoming EPS for Southern Copper is projected at $1.12, indicating a 41.77% increase compared to the same quarter of the previous year [2] - Revenue is estimated at $2.91 billion, up 16.31% from the prior-year quarter [2] - For the annual period, earnings are anticipated at $4.45 per share and revenue at $11.65 billion, reflecting shifts of +43.09% and +17.68% respectively from last year [3] Group 3: Analyst Estimates and Rankings - Recent modifications to analyst estimates for Southern Copper reflect evolving short-term business trends, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Southern Copper at 3 (Hold) [6] Group 4: Valuation Metrics - Southern Copper has a Forward P/E ratio of 25.07, which is a premium compared to the industry average of 20.03 [7] - The company's PEG ratio is currently 1.2, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.83 [7] Group 5: Industry Context - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 64, placing it in the top 26% of all industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]