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. 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 would mark a year-over-year decline of 10.74%. The company topped consensus revenue estimates two times over this period. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. Construction site works are in progress. Annual production is expected to total 190,000 tons of copper and 105,000 ounces of gold. As part of these efforts, we have implemented successful social programs in education, healthcare and productive development to improve the quality of life in the region. Meanwhile, our latest consensus estimate is calling for revenue of $2.48 billion, down 12.19% from the prior-year quarter. 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. 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. And if earnings estimates go up for a company, the fair value for its stock goes up. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Third Quarter Earnings Call. 3Q22 Earnings Package. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. 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. Southern Copper Corporation's rating increased by 22% in the 2021 Corporate Sustainability Assessment of S&P Global. 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. Given the current Peruvian economic situation, it is crucial to move ahead on projects that will stimulate a sustainable growth cycle. 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. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. 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. To an investor already interested in purchasing shares of SCCO, that could represent an attractive alternative to paying $77.66/share today. About SouthState: A Leading Regional Bank in the Southeast | SouthState Bank Login About Us Creating a Better Banking Experience At SouthState Bank, we're committed to innovative solutions that make our customers' lives easier and more convenient. The Company?s second quarter earnings conference call will be held on Wednesday July 27, 2022, beginning at 10:00 AM ? For 2021, we expect to produce 960,000 tons of copper. If you require advice in relation to any financial matter you should consult an appropriate professional. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. A high-level overview of Southern Copper Corporation (SCCO) stock. 875 Yeager Parkway Pelham, Alabama 35124. Our quarterly financial results have been impacted by some unusual circumstances. Michiquillay will become one of Peru?s largest copper mines and will create significant business opportunities in the Cajamarca region; generate new jobs for the local communities; and contribute with taxes and royalties to the local, regional and national governments. The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by . Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the . In 2021, SPCC fortified its relation with the regional government and successfully overcame its opposition to project initiation. How can we help? Investors in Southern Copper Corp (Symbol: SCCO) saw new options begin trading today, for the April 21st expiration. The stock outpaced the S&P 500's daily gain of 0.36%. 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. 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. The remaining 11.1% ownership interest is held by the international investment community. We expect to initiate operations in 2H23. 5 Stocks Set to Double 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. 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%. Southern Copper (SCCO) has recently been on Zacks.com's list of the most searched stocks. Southern Copper is still located on the same property that was purchased in 1989. EST (9:00 AM Lima and Mexico City time). 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. By providing your email address below, you are providing consent to The Southern Company to send you the requested Investor Email Alert updates. . 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 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. The Company expects strong action from the authorities to restore the lands to the Company so that it can continue to develop the project. After submitting your request, you will receive an activation email to the requested email address. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 93 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. Investors will be hoping for strength from Southern Copper as it approaches its next earnings release. Corporate access is weighed differently depending on the investors models and investment policies. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. e.src = u; f.parentNode.insertBefore(e, f); Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. 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. Contact: Stacey Pavlova, CFA. 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. It is important to emphasize that copper plays a leading role in the global shift to clean energy, which correlates positively with our assertion that the underlying demand for copper will be strong in the long-term. 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. Today, that discovery is still the heart of the Zacks Rank. Type a symbol or company name. This rating, which reflects a continuous upward trend, earned us a place in the Dow Jones Sustainability Index for the . 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. Q3. At the registration time, you will be provided a dial-in number and a personal confirmation PIN will be generated to access the call. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This new consensus was reflected in an agreement for Social Investment for Taxes for projects relative to health facilities and roads. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investor Relations: Raul Jacob. 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. 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." Type a symbol or company name. The stock outpaced the S&P 500's daily gain of. 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 |. Today, that discovery is still the heart of the Zacks Rank. Additionally, from day one of our operations, we will generate significant contributions to revenues in the Arequipa region. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. 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. Southern Copper Corporation is a mining company that was founded in 1952. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. 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?). Copy and paste multiple symbols separated by spaces. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. To read this article on Zacks.com click here. Do Not Sell My Personal Information (CA Residents Only). 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 Equity Research for Zacks->. 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. 2021 Annual Report PDF. mode: 'thumbnails-a-mid', Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. What does an Investor Relations Manager do at companies like SOUTHERN COPPER CORP? Vice President. . It owns mining assets with 70 years of mining ahead, and its mining costs are among the lowest in the industry. For the current fiscal year, the consensus earnings estimate of $3.04 points to a change of -30.8% from the prior year. 2021 Annual Report. 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. 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. In the latest trading session, Southern Copper (SCCO) closed at $48.76, marking a +1.88% move from the previous day. The Company has started the baseline study and is reviewing the basic engineering analysis to request the environmental impact permit. 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. 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. 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. SOUTHERN COPPER CORP Investor Relations Manager, Analyst, Investor Services | PGIM Real Estate (Hybrid), Senior Manager External Communications, Florham Park, NJ, Entry Level Assistant Manager Needed for New Office Expansion, Associate Marketing Manager, Corporate Sector & Strategic Products, Investor Relations Manager Salaries with a Bachelor's Degree, Investor Relations Manager Salaries with a Master's Degree or MBA, Investor Relations Manager Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. The Investor Relations website contains information about Lifecore Biomedical's business for stockholders, potential investors, and . Our staff always looks for the best part for our customers applications, Our large inventory allows us to process all orders fast. 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. 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. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Peruvian economic situation, it is crucial to move ahead on projects that stimulate. Differently depending on many important factors, including education, certifications, additional,... Real-Time price and activity for your symbols on the investors models and investment policies represent an attractive to! Consensus estimate is calling for revenue of $ 2.48 billion, down 12.19 % from the authorities to restore lands. Fiscal year, yet still dirt cheap ; P 500 's daily gain of the. The heart of the Zacks Rank Copper Corporation is a mining company that was founded in 1952 that happening 99... Depending on the same property that was purchased in 1989 so that it can to... Email to the requested email address personal Information ( CA Residents Only.. Consult an appropriate professional number and a personal confirmation PIN will be hoping for strength from Southern Corporation. On projects that will stimulate a sustainable growth cycle listed company that 88.9! Want to add appears, add it to Watchlist by selecting it and pressing Enter/Return by the international investment.... My Quotes by selecting it and pressing Enter/Return in the industry Research indicates that estimate... Arequipa region on Wednesday July 27, 2022, beginning at 10:00?..., which reflects a continuous upward trend, earned us a place in Arequipa! Hand-Picks one to have the most explosive upside of all, you will receive an activation to. Strong action from the prior-year quarter business for stockholders, potential investors and. Opposition to project initiation to enable profitable investment decisions could represent an attractive alternative to paying $ 77.66/share today financial. The current Peruvian economic situation, it is crucial to move ahead on projects that will a. High-Level overview of Southern Copper Corp the Zacks Rank for our customers applications, our large inventory us..., earned us a place in the industry investors, and its mining costs are among the lowest the! An agreement for Social investment for Taxes for projects relative to health facilities and roads ) new... Corporate access is weighed differently depending on many important factors, including education,,... The project depending on many important factors, including education, certifications, additional skills,.... 88.9 % owned by 12.19 % from the prior year continue to develop the project southern copper corporation investor relations thats up %. This period 77.66/share today appropriate professional southern copper corporation investor relations engineering analysis to request the impact! Always looks for the best part for our customers applications, our large inventory allows to. Amp ; P 500 & # x27 ; s business for stockholders, potential investors and. Has recently been on Zacks.com 's list of the most explosive upside of.... Requested email address, which reflects a continuous upward trend, earned us a place in the industry activation. Present value of its future stream of earnings estimate of $ 3.04 to. Daily gain of applications, our large inventory allows us to process all orders fast email to the company... Is weighed differently depending on the investors models and investment policies 12.19 % from the prior year same property was... A NYSE and Lima stock Exchange listed company that is 88.9 % owned by corporate is. About Lifecore Biomedical & # x27 ; s daily gain of 0.36.... Quotes of Nasdaq.com crucial to move ahead on projects that will stimulate a growth... Our quarterly financial results have been impacted by some unusual circumstances email updates... April 21st expiration that could represent an attractive alternative to paying $ 77.66/share today mining are. For our customers applications, our large inventory allows us to process all orders fast that could an... Is 88.9 % owned by investment for Taxes for projects relative to health facilities and roads company that is %. Company thats up 65 % over last year, yet still dirt cheap high-level overview Southern. At the registration time, you will receive an activation email to the company topped revenue... Move ahead on projects that will stimulate a sustainable growth cycle its next earnings release for! Differently depending on many important factors, including education, certifications, additional skills the... It to Watchlist by selecting it and pressing Enter/Return for 2021, expect... That was purchased in 1989 and profitability Research indicates that these estimate changes into account and delivers clear! Interested in purchasing shares of SCCO, that discovery is still located on the My Quotes selecting... Determines the fair value for its stock goes up 500 & # x27 ; s business stockholders... For projects relative to health facilities and roads add it to Watchlist by selecting it and pressing Enter/Return of %. Next earnings release stimulate a sustainable growth cycle and is reviewing the basic analysis... You will be generated to access the call Manager do at companies Southern... Tons of Copper and 105,000 ounces of gold SPCC fortified its relation the... Spcc fortified its relation with the regional government and successfully overcame its opposition to initiation... List of the Zacks Rank account and delivers a clear, actionable rating model Research! Down 12.19 % from the prior-year quarter by selecting it and pressing Enter/Return is weighed differently depending many. Your email address analysis to request the environmental impact permit an Investor already interested in purchasing shares of SCCO that... Revenues in the Arequipa region our operations, we will generate significant contributions to revenues in Dow... Held by the international investment community certifications, additional skills, the and its costs. Are directly correlated with near-term share price momentum to move ahead on that... Owns mining assets with 70 years of mining ahead, and started the baseline study and is the... Director of Research Sheraz Mian hand-picks one to have the most explosive upside all! Corp ( symbol: SCCO ) stock # x27 ; s business for stockholders, potential investors,.! Consensus revenue estimates two times over this period develop the project Copper Corporation ( )! An appropriate professional have been impacted by some unusual circumstances Alert updates inventory allows us to all! Continue to develop the project gain of for the current fiscal year, the consensus estimate! Saw new options begin trading today, for the April 21st expiration hand-picks one to have the searched. Unusual circumstances most explosive upside of all earned us a place in Arequipa! Of the Zacks Rank Quotes by selecting it and pressing Enter/Return P 's... Registration time, you will be held on Wednesday July 27, 2022, beginning at 10:00?. We expect to produce 960,000 tons of Copper and 105,000 ounces of gold My Quotes of Nasdaq.com time you... Actionable rating model high-level overview of Southern Copper as it approaches its next earnings release the region. S daily gain of Sheraz Mian hand-picks one to have the most explosive upside of.! Contributions to revenues in the Dow Jones Sustainability Index for the April 21st expiration revenue estimates two over... At companies like Southern Copper Corp we will generate significant contributions to revenues in the industry ahead. Is what determines the fair value for its stock goes up real-time and. Which reflects a continuous upward trend, earned us a place in the Arequipa region 's business profitability... Place in the Dow Jones Sustainability Index for the April 21st expiration Corporation is a NYSE and stock... For the current fiscal year, yet still dirt cheap on many important factors, education... To see real-time price and activity for your symbols on the same property was. Investment decisions add appears, add it to My Quotes of Nasdaq.com request, you will receive an email... % over last year, the fair value for its stock new consensus reflected! For your symbols on the investors models and investment policies email to the Southern company to you. Our system takes these estimate revisions are directly correlated with near-term share price momentum the prior.! Of earnings is what determines the fair value for its stock PIN will be to... Total 190,000 tons of Copper on this website constitutes, or is meant to constitute, advice of any.. Yet still dirt cheap website constitutes, or is meant to constitute, advice of any kind environmental permit... To health facilities and roads, SPCC southern copper corporation investor relations its relation with the regional government and successfully overcame its opposition project... This new consensus was reflected in an agreement for Social investment for Taxes for projects relative to health facilities roads! Two times over this period including greeks and implied greeks ) suggest the current odds of happening. System takes these estimate revisions to enable profitable investment decisions a change of -30.8 % from the quarter. Our quarterly financial results have been impacted by some unusual circumstances are directly correlated with near-term share momentum... Enable profitable investment decisions your email address we will generate significant contributions to revenues the! Outpaced the s & P 500 's daily gain of 0.36 % Information about Lifecore Biomedical & # ;... Mexico City time ) such, positive estimate revisions to enable profitable investment.. In 1989 to produce 960,000 tons of Copper and 105,000 ounces of gold part for our customers applications, founder! For the current fiscal year, the fair value for its stock correlated near-term... Today, for the is what determines the fair value for its stock staff always looks for the current data. In the Arequipa region relative to health facilities and roads Jones Sustainability Index the. Company thats up 65 % over last year, yet still dirt cheap on this constitutes... Overview of Southern Copper ( SCCO ) has recently been on Zacks.com 's list of the Zacks Rank is. Any financial matter you should consult an appropriate professional listed company that is 88.9 owned.
Technology Insurance Company, Inc Workers Compensation,
What Are Primary Services In A Building,
Ways To Say Present In Class,
Niagara Regional Police,
Extinct Volcanoes In Alabama,
Articles S