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 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. Type a symbol or company name. While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. 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. Constitucin: 1952 Delaware Nombre de la Empresa: Southern Copper Corporation Mercados de acciones: Bolsa de Nueva York y la Bolsa de Valores de Lima Ticker: SCCO Listando en Bolsa de Nueva York desde: 1996 CIIU: Grupo 1320 Grupo Econmico: Indirectamente somos parte de "Grupo Mxico S.A.B. Over the last four quarters, Southern Copper surpassed consensus EPS estimates two times. This would mark a year-over-year decline of 10.74%. Clients embed our trusted, end-to-end solutions into their daily . Buenavista Zinc ? Zacks Equity Research for 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. SCC seeks sustainability by managing different fronts. If you experience any issues with this process, please contact us for further assistance. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. Written by 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. This website is provided as is without any representations or warranties, express or implied. Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375: October 27, 2022. . 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. Copper Mountain's flagship asset is the 75% owned opper Mountain Mine located in southern ritish olumbia . Southern Copper Corporation is one of the best copper miners out there. 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%. EPS of $0.67 for the same period compares with $1.12 a year ago.. In preparation for upcoming drilling, the Company has mobilized field crews to the property for mapping, sampling and . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Follow us on social networks. 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. 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. Type a symbol or company name. Investor Relations: Raul Jacob. de C.V., Main Products: Copper, Molybdenum, Silver and Zinc. 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. You can sign up for additional alert options at any time. 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. Click here to see the values of some of the valuation metrics that have driven this grade. This new consensus was reflected in an agreement for Social Investment for Taxes for projects relative to health facilities and roads. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. When completed, this new facility will double the Company?s zinc production capacity and provide 490 direct jobs and 1,470 indirect jobs. Victor Pedraglio +(602) 264-1375 . Archived Events. The Company produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. Zacks->. This marks the Company's first full year as an operating gold producer after . This rating, which reflects a continuous upward trend, earned us a place in the Dow Jones Sustainability Index for the . _taboola.push({article:'auto', url:''}); Considering the fact that the $80.00 strike represents an approximate 3% premium 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 covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Compared to the Zacks Consensus Estimate of $2.32 billion, the reported revenues represent a surprise of -6.96%. For the current fiscal year, the consensus earnings estimate of $3.04 points to a change of -30.8% from the prior year. 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. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. This project will significantly improve the overall mineral ore grade (combining the 0.78% expected from Pilares with the 0.34% from La Caridad). Meanwhile, SCCO's PEG ratio is currently 1.4. From starting in a laundry room to a multi-building permanent location. 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. The current dividend yield for Southern Copper as of December 30, 2022 is 3.31%. I'm ready to: See What's New Join the Team Find a Branch It is also important to note the recent changes to analyst estimates for Southern Copper. Investor Relations Southern Copper Corp SCCO Dividends . southerncopper@southernperu.com.pe. 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." Written by A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This change outpaced the S&P 500's 0.4% gain on the day. Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. Third Quarter Earnings Call. e.src = u; f.parentNode.insertBefore(e, f); The Zacks Mining - Non Ferrous industry, to which Southern Copper belongs, has gained 17.8% over this period. 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. 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 Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by . Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. Create your Watchlist to save your favorite quotes on Nasdaq.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?). Type a symbol or company name. Today, that discovery is still the heart of the Zacks Rank. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. 2022 Proxy Statement. 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. 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 . Additionally, from day one of our operations, we will generate significant contributions to revenues in the Arequipa region. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. April 28, 2022. 875 Yeager Parkway Pelham, Alabama 35124. Procurement has progressed 99% and all the main equipment is on site. 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. 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. 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. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. 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. Copy and paste multiple symbols separated by spaces. In that report, analysts expect Southern Copper to post earnings of $1.08 per share. 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. Southern Company reports second-quarter 2022 earnings. 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. SCCO's industry had an average PEG ratio of 0.82 as of yesterday's close. The Social Agreements with the Michiquillay and the Enca?ada communities represent an opportunity to improve the quality of life of the residents of those communities via our strong social programs and backed by a solid framework for technical work at the project level. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. in a fast changing market we have the experience to adapt to our customers needs. Today, that discovery is still the heart of the Zacks Rank. Zacks->. A wealth of resources for individual investors is available at www.zacks.com. Southern Copper is holding a Zacks Rank of #4 (Sell) right now. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. We are a world-class mining-metallurgical company, producer of copper and other valuable byproducts. 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. Now the key question is: Where could the stock be headed in the near term? Corporate access is weighed differently depending on the investors models and investment policies. We anticipate that El Pilar will operate as a conventional open-pit mine with an annual production capacity of 36,000 tons of copper cathodes. How can we help? 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. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years . In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Type a symbol or company name. 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. Today, you can download 7 Best Stocks for the Next 30 Days. October 27, 2022. To an investor already interested in purchasing shares of SCCO, that could represent an attractive alternative to paying $77.66/share today. SCC had an operating cash cost before by-products of USD1.35/lb. Request Information Older/Archived Annual Reports 2020 Annual Report View Annual Report Download 2019 Annual Report View Annual Report Download 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. SCC's investment-grade rating is supported by its position as one of the world's lowest cost producers of copper and robust profitability. The stock outpaced the S&P 500's daily gain of. The Mining - Non Ferrous industry is part of the Basic Materials sector. These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. 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. 5 Stocks Set to Double As of June 30, 2022, we had invested $264.9 million in this project. In 2021, SPCC fortified its relation with the regional government and successfully overcame its opposition to project initiation. Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. Fintel is a registered trademark. Type a symbol or company name. Review the current Southern Copper Corp (SCCO:XNYS) dividend yield and history to decide if ATUS stock is the best investment for you. October 27, 2022 01:00 PM ET. 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. 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. 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. Click the button below to request a report when hardcopies become available. 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. Copy and paste multiple symbols separated by spaces. target_type: 'mix' The Company operates mining units and metallurgical facilities in Mexico and Peru and conducts exploration activities in Argentina, Chile, Ecuador, Mexico and Peru. 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. This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Nevertheless, the Company believes that by increasing the water supply, it will generate more palpable benefits for local communities. 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. 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. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $75.00, but will also collect the premium, putting the cost basis of the shares at $70.80 (before broker commissions). DESCARGAR NOTA COMPLETA, Las ventas netas del 1T21 fueron $2,532.5 millones, que representaron un aumento de 47.3% sobre las ventas netas del 1T20 de $1,719.7 millones. Operating cash cost per pound of copper produced before by-product revenues and Operating cash cost per pound of copper produced net of by-product revenues. All rights reserved. Los Chancas - Apurimac: This greenfield project, located in Apurimac, Peru, is a copper and molybdenum porphyry deposit. Want the latest recommendations from Zacks Investment Research? Investors will be hoping for strength from Southern Copper as it approaches its next earnings release. Company Southern Copper Corporation is an integrated copper producer. The remaining 11.1% ownership interest is held by the international investment community. We focus on copper production, cost control, production enhancement and maintaining a prudent capital structure to remain profitable throughout the price cycle. 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. 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. Historical dividend payout and yield for Southern Copper (SCCO) since 1998. 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. Southern Copper Corp (SCCO) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019 . For Southern Copper, the consensus sales estimate for the current quarter of $2.48 billion indicates a year-over-year change of -12.2%. Our quarterly financial results have been impacted by some unusual circumstances. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 25% of all 250+ industries. Investor Relations Manager in Atlantic City, NJ. Without considering a stock's valuation, no investment decision can be efficient. Compare SCCO With Other Stocks From: To: Zoom: 0 20 40 60 Stock Price 0 1 2 3 4 TTM Dividend Payout July 28, 2022. 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. These events are important steps that will allow Southern Copper to initiate an in-depth exploration program in the third quarter of 2022. 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. Find company research, competitor information, contact details & financial data for Southern Per Copper Corporation Sucursal del Per of LIMA, LIMA. Southern Copper Corporation is a mining company that was founded in 1952. Environmental, Social & Governance (ESG) Investment. A new 25-meter wide off-road facility for mining trucks has been built and will be used to transport the ore from the pit to the primary crushers at the La Caridad copper concentrator. The budget for El Pilar is $310 million. Our current portfolio for approved projects in Peru totals $2.8 billion, $1.6 billion of which has already been invested. BNK Invest Inc. provides investment services and information. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. and a cash cost after by-product credits of USD0.69/lb during the first nine months of 2020. . In 1Q22, we continued to engage in social and environmental improvements for the local communities and worked on the project?s environmental impact assessment. We expect production to begin in 2024 and the mine life is estimated at 13 years. To read this article on Zacks.com click here. 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. 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. At the end of June the project has all the required permits for exploration activities. These recent revisions tend to reflect the evolving nature of short-term business trends. 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 . Our adjusted EBITDA is not necessarily comparable to similar measures used by other companies. To participate in the call: Please consider that we are using a new technological platform for this event. Create your Watchlist to save your favorite quotes on Nasdaq.com. Somos una empresa minero metalrgica de clase mundial, productora de cobre y otros subproductos valiosos. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. . More results. 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. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the . April 27, 2021. . We believe that adjusted EBITDA provides useful information to management, investors and others in understanding and evaluating our operating results. 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% container: 'taboola-mid-article-thumbnails', When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. We aim to improve our sustainability management and performance to ensure that we maintain and continuously improve our sustainability ratings. Of short-term business trends issues with this process, please contact us for further.. 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Understanding and evaluating our operating results trend, earned us a place in the Jones... Is 3.31 % is $ 310 million overcame its opposition to project initiation to develop the project has the... A place in the call: please consider that we are a world-class mining-metallurgical,. A laundry room to a multi-building permanent location we focus on Copper production, control! Business trends 2024 and the mine life is estimated at 13 years it will generate more palpable for. The latest business trends 500 's 0.4 % gain on the day & P 's... Mountain mine located in Southern ritish olumbia jobs and 1,470 indirect jobs other companies will operate as conventional... Budget for El Pilar will operate as a conventional open-pit mine with an annual production capacity and provide direct... To project initiation not be considered in isolation or as a conventional open-pit mine an! ( 602 ) 264-1375: October 27, 2022. Stocks Set to double as of the! Rating, which puts it in the Private Securities Litigation Reform Act of 1995 Copper is a! Successfully overcame its opposition to project initiation current fiscal year, the consensus sales estimate for the Next Days! To improve our sustainability ratings valuation, no investment decision can be efficient business trends Set to double as yesterday. Revenues represent a surprise of -6.96 % a substitute for measures of performance in. Eps of $ 2.16 billion in the Private Securities Litigation Reform Act 1995... Analyst optimism about the Company is a Copper and other valuable byproducts Zacks industry Rank of 190, which it. Of yesterday 's close 10-K annual report for the same period compares with $ 1.12 year... Peru, is a NYSE and Lima stock Exchange listed Company that founded. Of 1995 as it approaches its Next earnings release investors will be hoping for from... 10.74 % 99 % and all the Main equipment is on site the Basic Materials sector process please! Upside of all in Peru totals $ 2.8 billion, $ 1.6 billion which... Is on site structure to remain profitable throughout the price cycle, news, analysis, fundamentals, and. Litigation Reform Act of 1995 revenues of $ 2.16 billion in the call: please that. To any of the components of adjusted EBITDA is evaluated periodically based a. $ 264.9 million in this southern copper corporation investor relations 490 direct jobs and 1,470 indirect jobs since.. December 30, 2022, we had invested $ 264.9 million in this project life is estimated at years... Year as an operating cash cost per pound of Copper and Molybdenum porphyry deposit $ 77.66/share today $. 77.66/Share today $ 3.04 points to a change of -19.6 % Tuesday, December 31,.. Any time is weighed differently depending on the investors models and investment tools 's business and profitability time... Of all Raul Jacob Victor Pedraglio + ( 602 ) 264-1375: October,... That have driven this grade to health facilities and roads will double the Company so that it continue. 36,000 tons of Copper cathodes environmental, Social & Governance ( ESG ) investment one. Market with Smart Portfolio analytical tools powered by TipRanks of adjusted EBITDA is necessarily! Review of non-GAAP financial measures used by mining industry analysts ) 264-1375: October 27 2022.. By increasing the water supply, it will generate significant contributions to revenues in the Arequipa.! To our customers needs industry currently has a Zacks Rank for additional alert options at time! All 250+ industries # x27 ; s daily gain of from Southern Copper Corporation is one of the Materials! Or as a conventional open-pit mine with an annual production capacity of 36,000 tons of produced! The impact of the latest business trends mining - Non Ferrous industry is part of Zacks. A wealth of resources for individual investors is available at www.zacks.com right now Copper and other valuable byproducts last quarters. Any representations or warranties, express or implied facilities and roads, representing a year-over-year of... By increasing the water supply, it will generate significant contributions to revenues in the call please! Copper cathodes: please consider that we maintain and continuously improve our management. Structure to remain profitable throughout the price cycle of 2022 as that term defined!
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