Southern Copper has grown tremendously over the last 30 years. Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). You can sign up for additional alert options at any time. In that report, analysts expect Southern Copper to post earnings of $1.08 per share. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. Webcast. 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 What does an Investor Relations Manager do at companies like SOUTHERN COPPER CORP? Investors will be hoping for strength from Southern Copper as it approaches its next earnings release. 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. Today, that discovery is still the heart of the Zacks Rank. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. }(document.createElement('script'), document.getElementsByTagName('script')[0], '//cdn.taboola.com/libtrc/nasdaq-nasdaq/loader.js'); Southern Copper is still located on the same property that was purchased in 1989. Use constitutes acceptance of General Website Compare SCCO With Other Stocks From: To: Zoom: 0 20 40 60 Stock Price 0 1 2 3 4 TTM Dividend Payout Terms and Conditions 3885 Corporate access is weighed differently depending on the investors models and investment policies. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. Coming into today, shares of the miner had lost 26.24% in the past month. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. In 2Q22, we spent $224.6 million on capital investments,which reflected a 2.2% increase over the figure reported in 2021 and represented 51.9% of net income this quarter. The Company expects strong action from the authorities to restore the lands to the Company so that it can continue to develop the project. The current dividend yield for Southern Copper as of December 30, 2022 is 3.31%. 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. Victor Pedraglio +(602) 264-1375 . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. For 2021, we expect to produce 960,000 tons of copper. 14 underground and open pit mines 52 smelters, refineries and other plants . With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. It owns mining assets with 70 years of mining ahead, and its mining costs are among the lowest in the industry. 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. The remaining 63 million will be for community use. Sonora: This low-capital intensity copper greenfield project is strategically located in Sonora, Mexico, approximately 45 kilometers from our Buenavista mine. These symbols will be available throughout the site during your session. Counsel: N/A: N . Please fill out the form below and click "Place Order" to complete your order. Mang. 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. 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%). Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. (obras por impuestos) mechanism. These recent revisions tend to reflect the evolving nature of short-term business trends. Now the key question is: Where could the stock be headed in the near term? The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Southern Copper Corporation is a mining company that was founded in 1952. Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375 . During the second quarter of 2022, the Maritime Terminal of Guaymas, Mexico received ISO 45001 certification and the Charcas unit in Mexico became the first of our underground mines to obtain ISO 14001 certification. Welcome to Southern Copper With Quality before Quantity as a core belief, Southern Copper is continually improving its processes to better serve its customers and employees. These symbols will be available throughout the site during your session. 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. Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. Want the latest recommendations from Zacks Investment Research? 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. 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. 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%. e.src = u; f.parentNode.insertBefore(e, f); The results from experimental pads in the leaching process have confirmed adequate levels of copper recovery. This valuation marks a premium compared to its industry's average Forward P/E of 5.33. Zacks->. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Free: See Our Top Stock and 4 Runners Up >>, Southern Copper Corporation (SCCO): Free Stock Analysis Report. Procurement has progressed 99% and all the main equipment is on site. Over the last 30 days, this estimate has remained unchanged. Vice President. Our staff always looks for the best part for our customers applications, Our large inventory allows us to process all orders fast. container: 'taboola-mid-article-thumbnails', The dam will have a total capacity of 73 million cubic meters, of which the Company will use a maximum of 10 million cubic meters. The budget for El Pilar is $310 million. Southern Copper Corporation's rating increased by 22% in the 2021 Corporate Sustainability Assessment of S&P Global. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. These totals would mark changes of -5.69% and +1.63%, respectively, from last year. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. 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. With this recognition, this plant has consolidated its position as the employer of choice for the best professionals in the country and has strengthened an organizational culture based on safety, predictability and employee trust. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). This index is the first of its kind in the Peruvian market and recognizes a total of 17 companies that meet high standards for environmental, social and governance management. And if earnings estimates go up for a company, the fair value for its stock goes up. If you require advice in relation to any financial matter you should consult an appropriate professional. 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. 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. In 1Q22, we continued to engage in social and environmental improvements for the local communities and worked on the project?s environmental impact assessment. Want the latest recommendations from Zacks Investment Research? SCC had an operating cash cost before by-products of USD1.35/lb. At the registration time, you will be provided a dial-in number and a personal confirmation PIN will be generated to access the call. 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. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 1.1%. Vancouver, BC, January 6, 2023 - Copper Mountain Mining Corporation (TSX: CMMC | ASX: C6C) . The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Click here to see the values of some of the valuation metrics that have driven this grade. Investor Relations and Corporate Communications Telephone: 604-682-2992 Email: Tom.Halton@CuMtn.com . 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 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. 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. This website is provided as is without any representations or warranties, express or implied. 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. 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. It is also important to note the recent changes to analyst estimates for Southern Copper. Review the current Southern Copper Corp (SCCO:XNYS) dividend yield and history to decide if ATUS stock is the best investment for you. Type a symbol or company name. 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. The Company is a NYSE and Lima Stock Exchange listed company that . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Zacks->. 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. INVESTOR RELATIONS: Genaro Guerrero Daz Mercado T. +52 55 5246 37 00 Ext. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. 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. Claudia Pitre Manager, Investor Relations and Corporate Access +1 416 307 5105 Email: cpitre@barrick.com Kathy du Plessis Investor and Media Relations +44 20 7557 7738 Email: barrick@dpapr.com . 2021 Annual Report. The stock outpaced the S&P 500's daily gain of 0.36%. 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. BNK Invest Inc. provides investment services and information. . On May 31, 2022, a group of people attacked the project mining camp, causing a fire and completely destroyed the installations. This change outpaced the S&P 500's 0.4% gain on the day. 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. By providing your email address below, you are providing consent to The Southern Company to send you the requested Investor Email Alert updates. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. 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 . 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. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Archived Events. MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. In order to continue with the project, stronger preventive measures to combat COVID-19 have been put in place. 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? From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. Type a symbol or company name. Last Reported Results and Surprise History. 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 Company operates mining units and metallurgical facilities in Mexico and Peru and conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru. 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