Here's Why Southern Copper (SCCO) Fell More Than Broader Market

Group 1 - Southern Copper (SCCO) closed at $91.62, down 1.11% from the previous trading session, underperforming the S&P 500's loss of 0.51% [1] - Over the past month, shares of Southern Copper gained 0.53%, lagging behind the Basic Materials sector's gain of 4.34% and the S&P 500's gain of 2.87% [1] Group 2 - Southern Copper is forecasted to report an EPS of$ 1.02, reflecting a 78.95% increase from the same quarter last year, with revenue expected to be $2.78 billion, a 21.1% increase year-over-year [2] - Recent changes to analyst estimates for Southern Copper indicate positive sentiment regarding the company's business and profitability [3] Group 3 - The Zacks Rank system, which includes estimate changes, has a history of outperforming, with 1 stocks returning an average annual gain of +25% since 1988; Southern Copper currently holds a Zacks Rank of 3 (Hold) [5] - The consensus EPS projection for Southern Copper has increased by 0.46% in the past 30 days [5] Group 4 - Southern Copper has a Forward P/E ratio of 20.03, which is in line with the industry average [6] - The company has a PEG ratio of 1.81, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.87 [7] Group 5 - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 165, placing it in the bottom 35% of over 250 industries [7][8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]