These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. Type a symbol or company name. Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. Company Southern Copper Corporation is an integrated copper producer. 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? Compare SCCO With Other Stocks From: To: Zoom: 0 20 40 60 Stock Price 0 1 2 3 4 TTM Dividend Payout To read this article on Zacks.com click here. . 3885 Sitemap; Vendors / Suppliers; Job Opportunities; 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. We now employ 25 individuals and our facility is now over 30,000 square feet. 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. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. 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. Investor Relations Manager in Atlantic City, NJ. Investors with an interest in Basic Materials stocks should continue to track Rio Tinto and Southern Copper. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. These stocks will be looking to continue their solid performance. 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's Quality Management System offers support in improving the business practices employed. SCC had an operating cash cost before by-products of USD1.35/lb. Southern Copper (SCCO) has recently been on Zacks.com's list of the most searched stocks. El Pilar ? The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. 8-K - Results of Operations and Financial Condition, Source: Silver ? We have completed the engineering study. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The current dividend yield for Southern Copper as of December 30, 2022 is 3.31%. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Copper Mountain's flagship asset is the 75% owned opper Mountain Mine located in southern ritish olumbia . With us this morning, we have Southern Copper Corporation, Mr. Raul Jacob, Vice President, Finance, Treasurer and CFO, who will discuss, Southern Copper Corporation (NYSE and LSE: SCCO) will conduct its 2Q-2022 conference call with the financial community on Wednesday, July 26, 2022, FOLLOW US ON OUR SOCIAL NETWORKSLEGAL | CONTACT US, SITE MAP - SUPPLIERS - JOB OPPORTUNITIES - PRESS RELEASESSUBSCRIBE AND RECEIVE OUR PRESS RELEASES | COPYRIGHT 2020 GRUPO MXICO |. From starting in a laundry room to a multi-building permanent location. Pilares ? Manager of Financial Planning and Investor Relations: Andres Carlos Ferrero Ghislieri: General Counsel: Latest SEC Filings. Certification of our environmental and occupational health and safety management systems allows the Company to reinforce a preventive culture that is aligned with best international practices. 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. Southern Copper Corporation is a mining company that was founded in 1952. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. We focus on copper production, cost control, production enhancement and maintaining a prudent capital structure to remain profitable throughout the price cycle. Investors will be hoping for strength from Southern Copper as it approaches its next earnings release. It owns mining assets with 70 years of mining ahead, and its mining costs are among the lowest in the industry. Click here to see the values of some of the valuation metrics that have driven this grade. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the . It is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce anode copper; and refining of anode copper to produce copper cathodes, as well as refined. 2021 Annual Report PDF. Southern Copper is expected to post earnings of $0.79 per share for the current quarter, representing a year-over-year change of -26.9%. The project has all the necessary permits and the capital budget is $413 million. de C.V., Main Products: Copper, Molybdenum, Silver and Zinc. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. 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. 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). This project will significantly improve the overall mineral ore grade (combining the 0.78% expected from Pilares with the 0.34% from La Caridad). Given the importance of water for our operations and in the broader perspective of climate change, the Company recently appointed a Water Resources Director at the executive level, whose main function will be to coordinate the actions needed to promote water management at all our operations and ensure our place as a responsible partner in the regional management of this valuable resource. In 1Q22, we continued to engage in social and environmental improvements for the local communities and worked on the project?s environmental impact assessment. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. The Company produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. This company could rival or surpass other recent Zacks Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Southern Company. Management believes adjusted EBITDA enhances the comparability of information across reporting periods, is an effective measure for reviewing operating results and, therefore, is a useful measure for both management and investors. 3Q22 Earnings Package. Somos una empresa minero metalrgica de clase mundial, productora de cobre y otros subproductos valiosos. 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 You can find more information on all of these metrics, and much more, on Zacks.com. Southern Company Reports Third Quarter Earnings. Written by In that report, analysts expect Southern Copper to post earnings of $0.79 per share. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375: October 27, 2022. . Should the contract expire worthless, the premium would represent a 5.60% return on the cash commitment, or 21.99% annualized at Stock Options Channel we call this the YieldBoost. 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 ? Grupo Mxico is the fourth largest company in Mexico, with a market cap of US$22,829 billion. Investor Relations Southern Copper Corp PCU Stock Quote Morningstar Rating . Copy and paste multiple symbols separated by spaces. Mang. To participate in the call: Please consider that we are using a new technological platform for this event. See the company profile for Southern Copper Corporation (SCCO) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and their compensation. Type a symbol or company name. 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. To read this article on Zacks.com click here. 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. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%. 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.82 billion, down 2.68% from the year-ago period. April 27, 2021. .
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