Southern Copper (SCCO) Stock Falls Amid Market Uptick: What Investors Need to Know

Company Performance - Southern Copper (SCCO) closed at $88.93, down 1.72% from the previous trading session, underperforming the S&P 500 which gained 1.59% [1] - Over the past month, shares of Southern Copper have decreased by 2.33%, compared to a loss of 0.27% in the Basic Materials sector and a loss of 2.42% in the S&P 500 [1] Upcoming Financial Results - Southern Copper is expected to report an EPS of$ 1.26, reflecting a growth of 34.04% year-over-year [2] - Revenue is projected to be $2.68 billion, indicating a 3.22% increase compared to the same quarter last year [2] Full Year Projections - For the full year, earnings are estimated at$ 4.66 per share and revenue at $11.55 billion, representing increases of 7.62% and 1.03% respectively from the prior year [3] Analyst Estimates and Market Sentiment - Recent modifications to analyst estimates for Southern Copper suggest a changing business landscape, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which reflects these estimate changes, currently rates Southern Copper at 3 (Hold) [6] Valuation Metrics - Southern Copper has a Forward P/E ratio of 19.41, which is higher than the industry average of 15.66 [7] - The company holds a PEG ratio of 1.76, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.79 [7] Industry Context - The Mining - Non Ferrous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 164, placing it in the bottom 35% of over 250 industries [8]