Southern Copper Corporation (NYSE:SCCO) Faces Downgrade Amid Strong Performance

Core Viewpoint - Southern Copper Corporation is a significant player in the mining industry, primarily producing copper, molybdenum, zinc, and silver, with operations in Peru and Mexico, making it one of the largest integrated copper producers globally [1] Group 1: Stock Performance - UBS downgraded Southern Copper from a Neutral rating to a Sell rating, with the stock priced at $186.25, yet the stock recently closed at $182.97, marking a 1.5% increase from its previous close [2] - Over the past month, Southern Copper's shares surged by 27.44%, significantly outperforming the Basic Materials sector's gain of 8.62% and the S&P 500's increase of 1.57% [3][6] - The stock has fluctuated between a low of $179 and a high of $186.63 on the day of reporting [4] Group 2: Earnings Expectations - Investors are anticipating the upcoming earnings release, with expectations of an EPS of $1.44, reflecting a 42.57% increase from the previous year, and projected revenue of $3.62 billion, indicating a 30.11% rise from the same quarter last year [3][6] - For the entire year, Zacks Consensus Estimates predict earnings of $5.3 per share and revenue of $13.17 billion, indicating a 22.4% increase in earnings with stable revenue [4] Group 3: Market Capitalization and Trading Volume - Southern Copper's market capitalization stands at approximately $152.56 billion, with a trading volume of 1,807,273 shares [5] - Over the past year, the stock has reached a high of $186.67 and a low of $72.86, indicating strong performance despite the recent downgrade by UBS [5]