Today, you can download 7 Best Stocks for the Next 30 Days. The Company has created a multidisciplinary management team to plan the development of this project. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Shareowner Services Contact This valuation marks a premium compared to its industry's average Forward P/E of 5.33. Sonora: This low-capital intensity copper greenfield project is strategically located in Sonora, Mexico, approximately 45 kilometers from our Buenavista mine. By providing your email address below, you are providing consent to The Southern Company to send you the requested Investor Email Alert updates. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. Mang. For comparison, its industry has an average Forward P/E of 15.06, which means Southern Copper is trading at a premium to the group. container: 'taboola-mid-article-thumbnails', As of today, these illegal miners are working in the zone. Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375 . In the latest trading session, Southern Copper (SCCO) closed at $48.76, marking a +1.88% move from the previous day. What does an Investor Relations Manager do at companies like SOUTHERN COPPER CORP? The Social Agreements with the Michiquillay and the Enca?ada communities represent an opportunity to improve the quality of life of the residents of those communities via our strong social programs and backed by a solid framework for technical work at the project level. 21-025 Equipos en desuso: camiones, camionetas, gras, montacargas, mnibus, otros. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. This project will help strengthen agricultural activities in the province of Candarave (near our Toquepala operations) and will be complemented by work on a new Callazas dam ($35 million), which SCC hopes to finance through the ?Social Investment for Taxes? Dun & Bradstreet Holdings, Inc. (NYSE: DNB) is a leading global provider of business decisioning data and analytics. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 25% of all 250+ industries. Southern Copper Corporation is a mining company that was founded in 1952. _taboola.push({article:'auto', url:''}); Considering the fact that the $80.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Southern Copper today. Los Chancas - Apurimac: This greenfield project, located in Apurimac, Peru, is a copper and molybdenum porphyry deposit. Create your Watchlist to save your favorite quotes on Nasdaq.com. Zacks->. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%. During the conference call, please join live presentation through Webex at the following link: https://americasmining.webex.com/americasmining/j.php?MTID=mac6f4fa227940b379b850d683f582bd4, CONDENSED CONSOLIDATED STATEMENT OF EARNINGS. Vice President. The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by Grupo Mexico, a Mexican company listed on the Mexican stock exchange. Southern Copper Corporation 1440 East Missouri Avenue Suite 160 Phoenix, AZ 85014 United States 602 264 1375 https://www.southernperu.com Sector (s) : Basic Materials Industry : Copper Full. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). 2Q22 net sales were $2,306.9 million, 20.4% or $590.0 million, below 2Q21?s figure due to lower market metal prices for Copper (-1.8%, LME) and silver (-15.4%). At Stock Options Channel, our YieldBoost formula has looked up and down the SCCO options chain for the new April 21st contracts and identified one put and one call contract of particular interest. The put contract at the $75.00 strike price has a current bid of $4.20. Company profile for Southern Copper Corporation (SCCO) with a description, list of executives, contact details and other key facts. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. 2021 Annual Report Interactive Website. Nuestra misin es extraer recursos minerales, para transformarlos y comercializarlos satisfaciendo las necesidades del mercado, cumpliendo con nuestra responsabilidad social y ambiental, y maximizando la creacin de valor para nuestros accionistas. In the fourth quarter of last year, the London Metal Exchange copper price increased from an average of $3.25 per pound in the fourth quarter of 2020 to $4.40, that is a 35% increase. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries. Q4 Results In the last reported quarter, Southern Copper's earnings. This website is provided as is without any representations or warranties, express or implied. About the company Rewards Earnings are forecast to grow 3.26% per year Risk Analysis Dividend of 4.76% is not well covered by earnings or cash flows Has a high level of debt See All Risk Checks window._taboola = window._taboola || []; of Financial Planning & Investor Relations: N/A: N/A: N/A: Mr. Andres Carlos Ferrero Ghislieri: Gen. Compare SCCO With Other Stocks From: To: Zoom: 0 20 40 60 Stock Price 0 1 2 3 4 TTM Dividend Payout Source: SCCO Investor Relations. The dam, if built, will require a much higher investment than the $100 million budget planned for the desalinization plant. These totals would mark changes of -5.69% and +1.63%, respectively, from last year. These symbols will be available throughout the site during your session. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. With Quality before Quantity as a core belief, Southern Copper is continually improving its processes to better serve its customers and employees. When developed, we expect Michiquillay to produce 225,000 tons of copper per year (along with by-products of molybdenum, gold and silver) for an initial mine life of more than 25 years and at a competitive cash-cost. Contact: Stacey Pavlova, CFA. Compared to the Zacks Consensus Estimate of $2.32 billion, the reported revenues represent a surprise of -6.96%. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.55% if the stock gets called away at the April 21st expiration (before broker commissions). With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Non-GAAP financial measures are intended to provide additional information only and do not have any standard meaning prescribed by U.S. generally accepted accounting principles (?GAAP?). The remaining 11.1% ownership interest is held by the international investment community. Southern Copper Corporation (SCC) is one of the largest integrated copper producers in the world and we believe we currently have the largest copper reserves in the industry. The Zacks Mining - Non Ferrous industry, to which Southern Copper belongs, has gained 17.8% over this period. And if earnings estimates go up for a company, the fair value for its stock goes up. . Investor Relations and Corporate Communications Telephone: 604-682-2992 Email: Tom.Halton@CuMtn.com . The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $87,471 to $129,550 with the average total cash compensation of $107,436. Corporate access is weighed differently depending on the investors models and investment policies. The average capital expenditures over the last five years have been around $1 billion. | Privacy Statement
Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. The dividend payout ratio for SCCO is: 60.06% based on the trailing year of earnings 65.79% based on this year's estimates 65.79% based on next year's estimates 36.78% based on cash flow This page (NYSE:SCCO) was last updated on 1/15/2023 MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. These symbols will be available throughout the site during your session. EPS of $0.67 for the same period compares with $1.12 a year ago. Copy and paste multiple symbols separated by spaces. Our mission is to extract mineral resources to transform and commercialize them satisfying the market needs, fulfilling our social and environmental responsibility and maximizing the creation of value for our shareholders. In 2021, the Company signed a Social Agreement with the Michiquillay and the Enca?ada Communities and, on October 1, 2021, the Peruvian Ministry of Energy and Mines approved the semi-detailed Environmental Impact Study for the project. These symbols will be available throughout the site during your session. This change outpaced the S&P 500's 0.4% gain on the day. In that report, analysts expect Southern Copper to post earnings of $0.79 per share. The company topped consensus revenue estimates two times over this period. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. Investor Relations Manager in Atlantic City, NJ. Company Southern Copper Corporation is an integrated copper producer. The Investor Relations website contains information about Lifecore Biomedical's business for stockholders, potential investors, and . The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 93 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. S&P Global has recognized SCC?s sustainability efforts by including it in a new index, S&P/BVL Peru General ESG, as of April of this year. 5 Stocks Set to Double Free: See Our Top Stock and 4 Runners Up >>, Southern Copper Corporation (SCCO): Free Stock Analysis Report. Several years back, we began to acquire the rights to all relevant mining concessions in the area; this process was completed in 2020. Zacks->. Victor Pedraglio +(602) 264-1375 . Metals Week Dealer Oxide, Cost of sales (exclusive of depreciation, amortization and depletion shown separately below), Interest expense, net of capitalized interest, Net income before equity earnings of affiliate, Less: Net income attributable to non-controlling interest, Net income attributable to SCC common shareholders ? The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Southern Copper. The EPS surprise was +21.82%. It is important to emphasize that copper plays a leading role in the global shift to clean energy, which correlates positively with our assertion that the underlying demand for copper will be strong in the long-term. These events are important steps that will allow Southern Copper to initiate an in-depth exploration program in the third quarter of 2022. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . To read this article on Zacks.com click here. These symbols will be available throughout the site during your session. This rating, which reflects a continuous upward trend, earned us a place in the Dow Jones Sustainability Index for the . When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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