With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. There were no fatalities to regret. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. In terms of valuation, Southern Copper is currently trading at a Forward P/E ratio of 11.57. These symbols will be available throughout the site during your session. Quoting the Chairman of our Board of Directors in the letter that accompanies the 2021 Sustainable Development Report of our holding, Grupo Mexico: "A business model focused on responsible and transparent management in the social, economic and environmental spheres are essential to guarantee sustainable development." Investor Relations and Corporate Communications Telephone: 604-682-2992 Email: [email protected] . Net sales were also negatively impacted by the accounting adjustment of $173.5 million for a price variation on sales made and not yet collected. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). We have completed the engineering study. Southern Copper (SCCO Quick Quote SCCO - Free Report) closed at $58.50 in the latest trading session, marking a -1.78% move from the prior day.This change was narrower than the S&P 500's 1.9% loss . This scenario has been compounded by increases in costs for fuel, power and some other operating materials due to inflation. More results. As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. in a fast changing market we have the experience to adapt to our customers needs. Over the last 30 days, this estimate has remained unchanged. Click here to see the values of some of the valuation metrics that have driven this grade. From starting in a laundry room to a multi-building permanent location. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. de C.V." Productos Principales: Cobre, Molibdeno, Plata y Zinc Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. Southern Copper today. Any recent changes to analyst estimates for Southern Copper should also be noted by investors. Below is a chart showing the trailing twelve month trading history for Southern Copper Corp, and highlighting in green where the $75.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $4.30. We reiterate our view that the initiation of construction activities at Tia Maria will generate significant economic opportunities for the Islay province and the Arequipa region. Our efforts to ensure the current and long-term welfare of the population in the area of influence of the Tia Maria project were recognized by several local associations, which sent letters to the National Government to request project initiation. It is necessary to register in the following link: https://register.vevent.com/register/BI0cb5b8c29d0a4bce9030177f99019cc6. Copy and paste multiple symbols separated by spaces. BNK Invest->. For Southern Copper, the consensus sales estimate for the current quarter of $2.48 billion indicates a year-over-year change of -12.2%. TRANSPORTATION. For molybdenum, it represented 9.7% of the company's sales value in the second quarter of this year and is currently our first by-product . El Pilar ? After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. Southern Copper has grown tremendously over the last 30 years. Grupo Mxico is the fourth largest company in Mexico, with a market cap of US$22,829 billion. Kodiak Copper Corp. (TSX-V:KDK) CEO Claudia Tornquist has released a letter to shareholders, highlighting the company's biggest exploration program to date in 2022. To read this article on Zacks.com click here. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. For the next fiscal year, the consensus earnings estimate of $3.04 indicates a change of +0.2% from what Southern Copper is expected to report a year ago. Mang. Southern Copper Corporation (NYSE and LSE: SCCO) conducted its 3Q-2022 conference call with the financial community on Wednesday, October 28, 2022, Southern Copper Corporation (NYSE and LSE: SCCO) will conduct its 3Q-2022 conference call with the financial community on Wednesday, October 28, 2022, Good morning, and welcome to Southern Copper Corporations second quarter 2022 Results Conference Call. 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? The average salary for Investor Relations Director at companies like SOUTHERN COPPER CORP in the United States is $221,262 as of September 26, 2022, but the range typically falls between $190,514 and $255,624. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Investor Relations Southern Copper Corp PCU Stock Quote Morningstar Rating . At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. And if earnings estimates go up for a company, the fair value for its stock goes up. 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. Our strong financial position, low cash cost, operating costs efficiency programs and our significant copper reserve will help us weather both current and eventual circumstances. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Southern Company reports second-quarter 2022 earnings. Minn., Nov. 25, 2022 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. ("Lifecore" or the "Company"), a fully integrated contract development and manufacturing organization ("CDMO"), today announced the . basic and diluted, Weighted average shares outstanding (Basic and diluted), Change in operating assets and liabilities, Net cash provided by operating activities, Distributions to non-controlling interest, (Decrease)/Increase in cash and cash equivalents, Net income attributable to the non-controlling interest, SOUTHERN COPPER CORP/ - Investor Relations: - EX-99.1 - July 27, 2022. This has outpaced the Basic Materials sector's gain of 5.7% and the S&P 500's loss of 0.01% in that time. of Financial Planning & Investor Relations: N/A: N/A: N/A: Mr. Andres Carlos Ferrero Ghislieri: Gen. The Company is a NYSE and Lima Stock Exchange listed company that . Type a symbol or company name. If we include the up-and-coming Michiquillay ($2.5 billion) and Los Chancas ($2.6 billion) projects, our total investment program in Peru reflects a commitment of $7.9 billion. For the current fiscal year, the consensus earnings estimate of $3.04 points to a change of -30.8% from the prior year. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. 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. Zacks Equity Research for This rating, which reflects a continuous upward trend, earned us a place in the Dow Jones Sustainability Index for the . 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%). In addition, because not all companies use identical calculations, the measures included in this release may not be comparable to similarly titled measures of other companies. Southern Copper (SCCO) closed at $77.06 in the latest trading session, marking a +1.8% move from the prior day. As the price of our by-product commodities can have significant fluctuations from period to period, the value of its contribution to our costs can be volatile. Because the $75.00 strike represents an approximate 3% discount 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 put contract would expire worthless. Nevertheless, the Company believes that by increasing the water supply, it will generate more palpable benefits for local communities. The management is planning to increase . At the end of June the project has all the required permits for exploration activities. The remaining 11.1% ownership interest is held by the international investment community. 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. 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 The Company has created a multidisciplinary management team to plan the development of this project. MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. We believe that adjusted EBITDA provides useful information to management, investors and others in understanding and evaluating our operating results. 21-025 Equipos en desuso: camiones, camionetas, gras, montacargas, mnibus, otros. Company Name: Southern Copper Corporation, Stock markets: New York Stock Exchange and Lima Stock Exchange, Economic Group: We are indirectly part of Grupo Mxico S.A.B. We expect production to begin in 2024 and the mine life is estimated at 13 years. 3Q22 Earnings Package. These factors include those listed in the Company?s most recently filed quarterly reports on Form 10-Q and annual report on Form 10-K. In 2021, SPCC fortified its relation with the regional government and successfully overcame its opposition to project initiation. Counsel: N/A: N . Use constitutes acceptance of General Website LME; Molybdenum ? In addition, 2Q22 vs 2Q21 net sales were affected by lower sales volumes due to the following unusual events: an uptick in the finished goods inventory, equivalent to a $105.2 million sales reduction; a $89.3 million decrease in Cuajone?s production due to the illegal seizure of its facilities by individuals not related to the company; and a drop in sales for the equivalent of $117.8 million due lower ore grades. INVESTOR RELATIONS: Genaro Guerrero Daz Mercado T. +52 55 5246 37 00 Ext. The current incarnation of Southern Copper can be traced to the 2005 acquisition of Southern Peru Copper Corporation by the Mexican copper producer Minera Mxico.. 88.9 percent of Southern Copper is owned by Mexican mining conglomerate Grupo Mxico (per proxy statement dated March 27, 2018) . Type a symbol or company name. Investor Relations Manager in Temple, TX. El Arco - Baja California: This is a world-class copper deposit located in the central part of the Baja California peninsula with ore reserves of over 1,230 million tons with an average ore grade of 0.40% and 141 million tons of leach material with an ore grade of 0.27%. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. When completed, this new facility will double the Company?s zinc production capacity and provide 490 direct jobs and 1,470 indirect jobs. BNK Invest caters to investing firms and individual investors internationally. The stock outpaced the S&P 500's daily gain of. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. Manager of Financial Planning and Investor Relations: Andres Carlos Ferrero Ghislieri: General Counsel: Latest SEC Filings. Environmental, Social & Governance (ESG) Investment. Sonora: Located 6 kilometers from La Caridad, this project consists of an open-pit mine operation with an annual production capacity of 35,000 tons of copper in concentrate. After submitting your request, you will receive an activation email to the requested email address. Southern Company Reports Third Quarter Earnings. Fintel is a registered trademark. Q4 Results In the last reported quarter, Southern Copper's earnings. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Webcast. The Los Chancas project envisions an open-pit mine with a combined operation of concentrator and SX-EW processes to produce 130,000 tons of copper and 7,500 tons of molybdenum annually. Type a symbol or company name. Today, that discovery is still the heart of the Zacks Rank. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Do Not Sell My Personal Information (CA Residents Only). This industrial complex was also given the 2021 National Export Award in the category of Large Industrial Exporting Companies for its contribution to foreign trade and international business in the country. Coming into today, shares of the miner had lost 26.24% in the past month. To an investor already interested in purchasing shares of SCCO, that could represent an attractive alternative to paying $77.66/share today. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company?s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based. In Peru, the Prime Minister joined us for the inauguration of the Cularjahuira dam ($11.5 million), which was the fruit of joint investment between the Company, government authorities and the highland community of Camilaca. Southern Copper Corp. does not currently have any hardcopy reports on AnnualReports.com. We focus on copper production, cost control, production enhancement and maintaining a prudent capital structure to remain profitable throughout the price cycle. Enfocarnos en la produccin de cobre, el control de costos, la mejora de la produccin y el mantenimiento de una estructura de capital prudente para continuar siendo rentables a lo largo de todo el ciclo de precios. EST (9:00 AM Lima and Mexico City time). Q3. TOP COPPER PRODUCERS . Investor Relations: Raul Jacob Vctor Pedraglio +(602) 264-1375 [email protected] . It owns mining assets with 70 years of mining ahead, and its mining costs are among the lowest in the industry. 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. Mr. German Larrea, Chairman of the Board, commenting on the Company?s progress and current circumstances, said: ?We believe the economic slowdowns in the U.S., China and Europe have temporarily weakened the demand for copper and are driving reductions in current prices. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. BNK Invest for Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. The measure operating cash cost per pound of copper produced net of by-product revenues is a common measure used in the copper industry to track performance and it is a useful management tool that allows us to better allocate our resources. . The results from experimental pads in the leaching process have confirmed adequate levels of copper recovery. 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 Today, that discovery is still the heart of the Zacks Rank. and a cash cost after by-product credits of USD0.69/lb during the first nine months of 2020. Historical dividend payout and yield for Southern Copper (SCCO) since 1998. Type a symbol or company name. Michiquillay will become one of Peru?s largest copper mines and will create significant business opportunities in the Cajamarca region; generate new jobs for the local communities; and contribute with taxes and royalties to the local, regional and national governments. From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. Investors will be hoping for strength from Southern Copper as it approaches its next earnings release. July 28, 2022 01:00 PM ET. If you require advice in relation to any financial matter you should consult an appropriate professional. Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. The project includes an open-pit mine combining concentrator and SX-EW operations. Zacks Equity Research for Somos una empresa minero metalrgica de clase mundial, productora de cobre y otros subproductos valiosos. The company's low-cost position on the . . Our adjusted EBITDA is not necessarily comparable to similar measures used by other companies. In preparation for upcoming drilling, the Company has mobilized field crews to the property for mapping, sampling and . Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375 . In order to continue with the project, stronger preventive measures to combat COVID-19 have been put in place. In February, 2022, a group of illegal miners occupied part of the lands of the project and started to produce copper with a low scale artisan process. Southern Company. Michiquillay - Cajamarca: In June 2018, Southern Copper signed a contract for the acquisition of the Michiquillay project in Cajamarca, Peru. The program materially . Our determination of the components of adjusted EBITDA is evaluated periodically based on a review of non-GAAP financial measures used by mining industry analysts. To read this article on Zacks.com click here. 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