Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. In 1Q22, we continued to engage in social and environmental improvements for the local communities and worked on the project?s environmental impact assessment. Environmental, Social & Governance (ESG) Investment. Counsel: N/A: N . Southern Copper has grown tremendously over the last 30 years. Nombre de la Empresa: Southern Copper Corporation, Mercados de acciones: Bolsa de Nueva York y la Bolsa de Valores de Lima, Listando en Bolsa de Nueva York desde: 1996, Grupo Econmico: Indirectamente somos parte de Grupo Mxico S.A.B. Copy and paste multiple symbols separated by spaces. Create your Watchlist to save your favorite quotes on Nasdaq.com. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. EPS of $0.67 for the same period compares with $1.12 a year ago. From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. 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? 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. Date Type Title; Oct 31, 2022: 10-Q: Quarterly Report The current TTM dividend payout for Southern Copper (SCCO) as of December 30, 2022 is $2.00. This is a significant step in our pledge to a robust and strong ESG performance. Currently . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Please fill out the form below and click "Place Order" to complete your order. Southern Copper's Quality Management System offers support in improving the business practices employed. Investors will be hoping for strength from Southern Copper as it approaches its next earnings release. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Southern Copper Corporation's rating increased by 22% in the 2021 Corporate Sustainability Assessment of S&P Global. Southern Coppers Quality Management System offers support in improving the business practices employed. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. COMEX; Gold and Zinc ? April 27, 2021. . It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Contact: Stacey Pavlova, CFA. 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. OIL, CONSTRUCTION, ENERGY, . 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. Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. For 2021, we expect to produce 960,000 tons of copper. The current dividend yield for Southern Copper as of December 30, 2022 is 3.31%. Victor Pedraglio +(602) 264-1375 . 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our mission is to deliver a global network of trust, enabling clients to transform uncertainty into confidence, risk into opportunity and potential into prosperity. Free: See Our Top Stock and 4 Runners Up >>, Southern Copper Corporation (SCCO): Free Stock Analysis Report. Type a symbol or company name. 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. 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%. These results led to our inclusion in the Dow Jones Sustainability index for the MILA region in 2019 and we have also been included in the 2022 Sustainability Yearbook. This would mark a year-over-year decline of 26.85%. If you require advice in relation to any financial matter you should consult an appropriate professional. Investor Relations Manager in Atlantic City, NJ. window._taboola = window._taboola || []; 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. 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%. Historical dividend payout and yield for Southern Copper (SCCO) since 1998. Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375: October 27, 2022. . 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. To read this article on Zacks.com click here. Compare SCCO With Other Stocks From: To: Zoom: 0 20 40 60 Stock Price 0 1 2 3 4 TTM Dividend Payout Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. 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. 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%). We expect the Peruvian government to continue to acknowledge the significant progress the project has made on the social front and the important contributions that Tia Maria will generate for Peru?s economy and, consequently, take the necessary steps to provide SCC with adequate support to initiate construction. Southern Company Reports Third Quarter Earnings. container: 'taboola-mid-article-thumbnails', Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The results from experimental pads in the leaching process have confirmed adequate levels of copper recovery. 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 . To read this article on Zacks.com click here. 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. These symbols will be available throughout the site during your session. Follow us on social networks. Request Information Older/Archived Annual Reports 2020 Annual Report View Annual Report Download 2019 Annual Report View Annual Report Download 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. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . 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. 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. 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. MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. Southern Copper Corp. does not currently have any hardcopy reports on AnnualReports.com. 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 average capital expenditures over the last five years have been around $1 billion. 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. The Company has made an offer to the Peruvian government to build the Paltiture dam, instead of a desalinization plant originally proposed, to provide water to both the project and the community. If an investor was to purchase shares of SCCO stock at the current price level of $77.66/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $80.00. 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 These recent revisions tend to reflect the evolving nature of short-term business trends. In terms of valuation, Southern Copper is currently trading at a Forward P/E ratio of 11.57. This operation will use highly cost efficient and environmentally friendly SX-EW technology. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. 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. We remain fully committed to creating added value and positive impacts for our shareholders and for all the communities where we operate.? Vancouver, British Columbia--(Newsfile Corp. - August 1, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") announces the commencement of the 2019 exploration program at its 100% owned MPD Copper-Gold Porphyry Project in Southern Central British Columbia. 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. Somos una empresa minero metalrgica de clase mundial, productora de cobre y otros subproductos valiosos. 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. After submitting your request, you will receive an activation email to the requested email address. Southern Company. 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 . Grupo Mxico is the fourth largest company in Mexico, with a market cap of US$22,829 billion. We have also promoted agricultural and livestock activities in the Tambo Valley and supported growth in manufacturing, fishing and tourism in Islay. A high-level overview of Southern Copper Corporation (SCCO) stock. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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? The EPS surprise was +21.82%. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. 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. The budget for El Pilar is $310 million. We continue to make progress in our quest to achieve ISO 45001 and 14001 certifications. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Southern Copper is rated Zacks Rank #1 (Strong Buy). Investors with an interest in Basic Materials stocks should continue to track Rio Tinto and Southern Copper. There were no fatalities to regret. Copy and paste multiple symbols separated by spaces. This marks the Company's first full year as an operating gold producer after . SOUTHERN COPPER CORPORATION - Minera Mxico - Southern Peru ASARCO (USA) MINERA LOS FRAILES (Spain) OPERATIONS. 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. _taboola.push({ placement: 'Mid Article Thumbnails', | Contact Us. As of today, these illegal miners are working in the zone. Zacks->. EPS of $0.67 for the same period compares with $1.12 a year ago.. Nonetheless, we believe Southern Copper is well positioned to leverage our strengths in a challenging environment. Buenavista Zinc ? Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and . 2021 Annual Report PDF. 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. Investor Relations Manager in Temple, TX. Southern Copper : Second quarter and six months result 2022 07/27/2022 | 11:24am EST RESULTS S ECOND Q UARTER AND S IX M ONTHS 2022 Investor Relations: Raul Jacob Victor Pedraglio + (602) 264-1375 southerncopper@southernperu.com.pe www.southerncoppercorp.com July 26, 2022 Southern Copper Corporation (NYSE and BVL: SCCO) 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?). de C.V., Productos Principales: Cobre, Molibdeno, Plata y Zinc. Our current portfolio for approved projects in Peru totals $2.8 billion, $1.6 billion of which has already been invested. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $77.66) to be 40%. 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. 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. The put contract at the $75.00 strike price has a current bid of $4.20. in a fast changing market we have the experience to adapt to our customers needs. Michiquillay is a world class mining project with inferred mineral resources of 2,288 million tons with an estimated copper grade of 0.43%. 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. The project has obtained all permits and licenses required and we expect to begin production in the last quarter of 2022. El crecimiento fue principalmente promovido por significativamente mayores precios de metales para, 28 de abril de 2022 Southern Copper Corporation (NYSE y BVL: SCCO) anunci hoy el pago de un dividendo trimestral de $1.25 dlares por accin, pagadero el 31 de mayo de 2022 a los, SGUENOS EN NUESTRAS REDES SOCIALESLEGAL | CONTACTO, MAPA DEL SITIO - PROVEEDORES - OPORTUNIDADES DE TRABAJO - PRENSASUSCRIBETE Y RECIBE NUESTRAS NOTAS DE PRENSA | COPYRIGHT 2020 GRUPO MXICO |, SCC reporta resultados del tercer trimestre 2022, SCC reporta resultados del segundo trimestre 2022, SCC reporta resultados del primer trimestre 2022. 2022 Proxy Statement. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. Southern Copper today. TOP COPPER PRODUCERS . 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. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term. Last Reported Results and Surprise History. In 2021, SPCC fortified its relation with the regional government and successfully overcame its opposition to project initiation. 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