Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. Company Southern Copper Corporation is an integrated copper producer. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. The Metallurgical Complex in Sonora, where we smelt and refine material mined from the region, was recognized in the ranking of the 10 Best Places to Work for Women. Los Chancas - Apurimac: This greenfield project, located in Apurimac, Peru, is a copper and molybdenum porphyry deposit. placement: 'Mid Article Thumbnails', Get the latest business insights from Dun & Bradstreet. In 2021, SPCC fortified its relation with the regional government and successfully overcame its opposition to project initiation. Zacks Equity Research for 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. 3885 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. Vice President. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Nothing on this website constitutes, or is meant to constitute, advice of any kind. The role will interact with investors and analysts as a professional ambassador for the Group as required and take a lead role in developing the financial metrics used to present future M&A opportunities to market. Our system takes these estimate changes into account and delivers a clear, actionable rating model. These symbols will be available throughout the site during your session. Southern Company Reports Third Quarter Earnings. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. These events are important steps that will allow Southern Copper to initiate an in-depth exploration program in the third quarter of 2022. Type a symbol or company name. Investor Relations Manager in Temple, TX. This measure is also used in our investment project evaluation process to determine a project?s potential contribution to our operations, its competitiveness and its relative strength in different price scenarios. Find the latest Southern Copper Corporation (SCCO) stock quote, history, news and other vital information to help you with your stock trading and investing. Company profile for Southern Copper Corporation (SCCO) with a description, list of executives, contact details and other key facts. 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. Zacks->. target_type: 'mix' 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. This operation will use highly cost efficient and environmentally friendly SX-EW technology. 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 . For Southern Copper, the consensus sales estimate for the current quarter of $2.48 billion indicates a year-over-year change of -12.2%. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Terms and Conditions
EBITDA and adjusted EBITDA do not represent, and should not be considered an alternative to, net income, operating income, or cash flow from operations as those terms are defined by GAAP, and do not necessarily indicate whether cash flows will be sufficient to fund cash. 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. 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. 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? Create your Watchlist to save your favorite quotes on Nasdaq.com. . Written by 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. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. We will make it a priority to hire local labor to fill the 9,000 jobs that we expect to generate during Tia Maria?s construction. These efforts are evolving in a context marked by record-highs for the Company?s tax contributions to the regional governments of Moquegua and Tacna in 2021. VANCOUVER, British Columbia, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the "Company" or "Orezone") is pleased to provide 2023 production and costs guidance for its Bombor Gold Mine ("Bombor") in Burkina Faso. A wealth of resources for individual investors is available at www.zacks.com. All rights reserved. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Southern Company reports first-quarter 2022 earnings. . July 28, 2022 01:00 PM ET. 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. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. 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 ? Annual production is expected to total 190,000 tons of copper and 105,000 ounces of gold. Type a symbol or company name. Southern Copper Corp. does not currently have any hardcopy reports on AnnualReports.com. Type a symbol or company name. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.82 billion, down 2.68% from the year-ago period. 2023 southern copper & supply company, inc. site by High Level Marketing. Southern Copper has grown tremendously over the last 30 years. 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. More results. These results were mainly due to higher production costs and the unit cost effect generated by a 12.1% decrease in pounds of copper produced. TOP COPPER PRODUCERS . 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. April 28, 2022. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Today, you can download 7 Best Stocks for the Next 30 Days. Our Operating cash cost per pound of copper produced before by-product revenues allows us and our investors to monitor our cost structure and helps us address . Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. Below is a chart showing SCCO's trailing twelve month trading history, with the $80.00 strike highlighted in red: !function (e, f, u) { On May 31, 2022, a group of people attacked the project mining camp, causing a fire and completely destroyed the installations. Sonora: This project is located within the Buenavista facility and includes the development of a new concentrator to produce approximately 100,000 tons of zinc and 20,000 tons of copper per year. Southern Copper (SCCO) has recently been on Zacks.com's list of the most searched stocks. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. Today, that discovery is still the heart of the Zacks Rank. CNN's Jim Acosta said he still had "marks on my back" from his time serving as White House correspondent during former President Donald Trump's administration. At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. 14 underground and open pit mines 52 smelters, refineries and other plants . . Our adjusted EBITDA is not necessarily comparable to similar measures used by other companies. How can we help? Southern Copper Corporation (NYSE and BVL: SCCO). Vancouver, BC, January 6, 2023 - Copper Mountain Mining Corporation (TSX: CMMC | ASX: C6C) . 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. The expected contribution of by-products is generally a significant factor used by the copper industry in determining whether to move forward with the development of a new mining project. We focus on copper production, cost control, production enhancement and maintaining a prudent capital structure to remain profitable throughout the price cycle. The Southern Copper Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Written by It owns mining assets with 70 years of mining ahead, and its mining costs are among the lowest in the industry. So, it's important to know a company's potential revenue growth. Southern Copper's Quality Management System offers support in improving the business practices employed. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 25% of all 250+ industries. 2021 Annual Report. }(document.createElement('script'), document.getElementsByTagName('script')[0], '//cdn.taboola.com/libtrc/nasdaq-nasdaq/loader.js'); Nonetheless, we believe Southern Copper is well positioned to leverage our strengths in a challenging environment. Click here to see the values of some of the valuation metrics that have driven this grade. We remain fully committed to creating added value and positive impacts for our shareholders and for all the communities where we operate.? Written by 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. 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. If you have questions concerning your registered Southern Company shareowner account, online account access, transfer requirements, lost certificates, dividend checks, address changes or the Southern Investment Plan, please contact EQ Shareowner Services. What is Southern Copper's dividend payout ratio? Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. In the latest trading session, Southern Copper (SCCO) closed at $48.76, marking a +1.88% move from the previous day. The Company?s second quarter earnings conference call will be held on Wednesday July 27, 2022, beginning at 10:00 AM ? 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. In that report, analysts expect Southern Copper to post earnings of $1.08 per share. 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. 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. It operates the Toquepala and Cuajone open- How much does an Investor Relations Manager make at companies like SOUTHERN COPPER CORP in the United States? In preparation for upcoming drilling, the Company has mobilized field crews to the property for mapping, sampling and . View Presentation. The base salary for Investor Relations Administrator in companies like SOUTHERN COPPER CORP range from $82,628 to $114,203 with the average base salary of $97,688. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%. Now the key question is: Where could the stock be headed in the near term? Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). 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 . You must click the activation link in order to complete your subscription. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.14 per share and revenue of $11.11 billion. Our research shows that these estimate changes are directly correlated with near-term stock prices. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Shareowner Services Contact 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?). Investor Relations and Corporate Communications Telephone: 604-682-2992 Email: Tom.Halton@CuMtn.com . Clients embed our trusted, end-to-end solutions into their daily . Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. For the current and next fiscal years, $9.71 billion and $9.44 billion estimates indicate -11.2% and -2.8% changes, respectively. Should the covered call contract expire worthless, the premium would represent a 5.54% boost of extra return to the investor, or 21.74% annualized, which we refer to as the YieldBoost. The estimated capital investment is $2,600 million and the project is expected to begin operating in 2027. Quarterly results were also affected by a 25,624-tonne decrease in copper production at our Peruvian operations, which was mainly attributable to the stoppage at Cuajone and lower ore grades. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Southern Copper Corporation is one of the best copper miners out there. e.src = u; f.parentNode.insertBefore(e, f); 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%. I'm ready to: See What's New Join the Team Find a Branch 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. In addition to the risks and uncertainties noted in this news release, there are certain factors that could cause results to differ materially from those anticipated by some of the statements made. Tia Maria - Arequipa: Southern Copper has been consistently working to promote the welfare of the population of the Islay province. Type a symbol or company name. de C.V., Main Products: Copper, Molybdenum, Silver and Zinc. A high-level overview of Southern Copper Corporation (SCCO) stock. Southern Coppers Mission is to be viewed by its family of customers and employees as a Metals Service Center that is: Quick, Affordable, and Uncomplicated when distributing Raw Metals and Machining services. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. Zacks Equity Research for Victor Pedraglio +(602) 264-1375 . Procurement has progressed 99% and all the main equipment is on site. Southern Copper is holding a Zacks Rank of #4 (Sell) right now. Southern Copper Corporation is a mining company that was founded in 1952. These symbols will be available throughout the site during your session. This page shows recent SEC filings related to Southern Copper Corp. Latest Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375 . When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Fintel is a registered trademark. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . 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. LME; Molybdenum ? de C.V., Productos Principales: Cobre, Molibdeno, Plata y Zinc. Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. In order to continue with the project, stronger preventive measures to combat COVID-19 have been put in place. 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 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. 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. You can sign up for additional alert options at any time. Do Not Sell My Personal Information (CA Residents Only). We have also promoted agricultural and livestock activities in the Tambo Valley and supported growth in manufacturing, fishing and tourism in Islay. After submitting your request, you will receive an activation email to the requested email address. Historical dividend payout and yield for Southern Copper (SCCO) since 1998. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. 13.02.22 Redaktion Finanzen Verlag Hot Stock der Wall Street: Southern Copper Corporation-Aktie 08.02.22 MyDividends Southern Copper gibt Dividende bekannt 03.02.22 finanzen.net Southern Copper . From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. Create your Watchlist to save your favorite quotes on Nasdaq.com. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. 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. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Free: See Our Top Stock and 4 Runners Up >>, Southern Copper Corporation (SCCO): Free Stock Analysis Report. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. The budget for El Pilar is $310 million. Michiquillay - Cajamarca: In June 2018, Southern Copper signed a contract for the acquisition of the Michiquillay project in Cajamarca, Peru. container: 'taboola-mid-article-thumbnails', Southern Copper is graded F on this front, indicating that it is trading at a premium to its peers. Find company research, competitor information, contact details & financial data for Southern Per Copper Corporation Sucursal del Per of LIMA, LIMA. Environmental, Social & Governance (ESG) Investment. }); Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. To an investor already interested in purchasing shares of SCCO, that could represent an attractive alternative to paying $77.66/share today. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the . 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. Jul 6, 2022 06:00PM EDT In the latest trading session, Southern Copper (SCCO) closed at $48.76, marking a +1.88% move from the previous day. Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. Nevertheless, the Company believes that by increasing the water supply, it will generate more palpable benefits for local communities. 8-K - Results of Operations and Financial Condition, Source: Silver ? 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. Performs data entry in our CRM database and develops campaign lists as Investor Relations Manager in Grand Rapids, MI. 2015-2023 Fintel Ventures LLC. The base salary for Investor Relations Manager in companies like SOUTHERN COPPER CORP range from $129,787 to $183,205 with the average base salary of $161,419. | Privacy Statement
Current estimates of indicated copper mineral resources are 98 million tons of oxides with a copper content of 0.45% and 52 million tons of sulfides with a copper content of 0.59%. Additionally, from day one of our operations, we will generate significant contributions to revenues in the Arequipa region. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW. 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. This valuation marks a premium compared to its industry's average Forward P/E of 5.33. NYSE:SCCO Southern Copper - SCCO Stock Forecast, Price & News $77.06 +1.36 (+1.80%) (As of 01/13/2023 12:00 AM ET) Compare Today's Range $75.22 $77.28 50-Day Range $53.04 $77.06 52-Week Range $42.42 $79.32 Volume 2.65 million shs Average Volume 1.11 million shs Market Capitalization $59.58 billion P/E Ratio 23.14 Dividend Yield 2.60%
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