Performs data entry in our CRM database and develops campaign lists as Investor Relations Manager in Grand Rapids, MI. Our efforts to ensure the current and long-term welfare of the population in the area of influence of the Tia Maria project were recognized by several local associations, which sent letters to the National Government to request project initiation. 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 Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by . After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. Investors can capitalize on this by using the Zacks Rank. The company topped consensus revenue estimates two times over this period. Written by We expect production to begin in 2024 and the mine life is estimated at 13 years. 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 operating management areas of concern. 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. Type a symbol or company name. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the . Fintel is a registered trademark. 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 the calls side of the option chain, the call contract at the $80.00 strike price has a current bid of $4.30. Create your Watchlist to save your favorite quotes on Nasdaq.com. Mang. 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. Dun & Bradstreet Holdings, Inc. (NYSE: DNB) is a leading global provider of business decisioning data and analytics. Please fill out the form below and click "Place Order" to complete your order. 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. 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. I'm ready to: See What's New Join the Team Find a Branch 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Southern Copper's Quality Management System offers support in improving the business practices employed. In that report, analysts expect Southern Copper to post earnings of $1.08 per share. 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. As mentioned above, our financial results this quarter have been impacted by unusual circumstances. Do Not Sell My Personal Information (CA Residents Only). July 28, 2022 01:00 PM ET. 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 Company reports third-quarter 2022 earnings. 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. Michiquillay - Cajamarca: In June 2018, Southern Copper signed a contract for the acquisition of the Michiquillay project in Cajamarca, Peru. Southern Copper is still located on the same property that was purchased in 1989. All rights reserved. e.async = 1; Without considering a stock's valuation, no investment decision can be efficient. Investor Relations Southern Copper Corp PCU Stock Quote Morningstar Rating . Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Below is a chart showing SCCO's trailing twelve month trading history, with the $80.00 strike highlighted in red: !function (e, f, u) { our service enables potential investors to review the most recent and archived southern copper corp. sustainability report, southern copper corp. corporate social responsibility report, southern copper corp. csr report, southern copper corp. corporate responsibility, southern copper corp. cr report, southern copper corp. citizenship report, Corporate access is weighed differently depending on the investors models and investment policies. From starting in a laundry room to a multi-building permanent location. de C.V." Productos Principales: Cobre, Molibdeno, Plata y Zinc Terms and Conditions Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The Mining - Non Ferrous industry is part of the Basic Materials sector. 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 . Shareowner Services Contact Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. Annual production is expected to total 190,000 tons of copper and 105,000 ounces of gold. 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. 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. To read this article on Zacks.com click here. Find the latest Southern Copper Corporation (SCCO) stock quote, history, news and other vital information to help you with your stock trading and investing. 2023 southern copper & supply company, inc. site by High Level Marketing. Zacks->. 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. These stocks will be looking to continue their solid performance. 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. 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. 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. 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. 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. As of today, these illegal miners are working in the zone. In line with best practice, the Board of Directors has approved the formation of a new Sustainability Committee chaired by an independent director. 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). 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. . 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 ? TRANSPORTATION. We expect to initiate operations in 2H23. 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. 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. 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. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.55% if the stock gets called away at the April 21st expiration (before broker commissions). CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW. MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. The current incarnation of Southern Copper can be traced to the 2005 acquisition of Southern Peru Copper Corporation by the Mexican copper producer Minera Mxico.. 88.9 percent of Southern Copper is owned by Mexican mining conglomerate Grupo Mxico (per proxy statement dated March 27, 2018) . 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 . Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Copy and paste multiple symbols separated by spaces. 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. Zacks->. We estimate an investment of approximately $2.5 billion will be required and expect production start-up by 2028. Following is a reconciliation of adjusted EBITDA to Net Income attributable to SCC and Operating Cash Cost before by-product revenues and Operating Cash Cost net of by-product revenues to their more comparable GAAP measure: EBITDA (earnings before interest, taxes, depreciation and amortization) is a measure commonly used by companies to evaluate operating performance and the ability to generate cash. To an investor already interested in purchasing shares of SCCO, that could represent an attractive alternative to paying $77.66/share today. Type a symbol or company name. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. 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. }(document.createElement('script'), document.getElementsByTagName('script')[0], '//cdn.taboola.com/libtrc/nasdaq-nasdaq/loader.js'); The Company produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. We continue to make progress in our quest to achieve ISO 45001 and 14001 certifications. 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?). This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 25% of all 250+ industries. Grupo Mxico is the fourth largest company in Mexico, with a market cap of US$22,829 billion. container: 'taboola-mid-article-thumbnails', Create your Watchlist to save your favorite quotes on Nasdaq.com. Southern Company 3Q 2022 Earnings Call. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. If you require advice in relation to any financial matter you should consult an appropriate professional. 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. 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. These symbols will be available throughout the site during your session. You can find more information on all of these metrics, and much more, on Zacks.com. 875 Yeager Parkway Pelham, Alabama 35124. This project will significantly improve the overall mineral ore grade (combining the 0.78% expected from Pilares with the 0.34% from La Caridad). Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Historical dividend payout and yield for Southern Copper (SCCO) since 1998. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Investor Relations: Raul Jacob. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. BNK Invest Inc. provides investment services and information. This rating, which reflects a continuous upward trend, earned us a place in the Dow Jones Sustainability Index for the . Today, you can download 7 Best Stocks for the Next 30 Days. In this scenario, we believe the current cycle of low prices should be short-lived. BNK Invest for 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Zacks Equity Research for When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Click here to see the values of some of the valuation metrics that have driven this grade. El Pilar ? Last Reported Results and Surprise History. Tia Maria - Arequipa: Southern Copper has been consistently working to promote the welfare of the population of the Islay province. Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term. Our staff always looks for the best part for our customers applications, Our large inventory allows us to process all orders fast. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. We are a world-class mining-metallurgical company, producer of copper and other valuable byproducts. How can we help? 2021 Annual Report. _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. Click the button below to request a report when hardcopies become available. A high-level overview of Southern Copper Corporation (SCCO) stock. 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% Today, that discovery is still the heart of the Zacks Rank. 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. 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. This change outpaced the S&P 500's 0.4% gain on the day. Investor Relations Manager in Atlantic City, NJ. Several years back, we began to acquire the rights to all relevant mining concessions in the area; this process was completed in 2020. For 2021, we expect to produce 960,000 tons of copper. 2015-2023 Fintel Ventures LLC. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. As part of this plan, the Company has established venues of contact with the local and regional authorities and communities to promote programs for sustainable development in the area. BNK Invest caters to investing firms and individual investors internationally. Victor Pedraglio +(602) 264-1375 . 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. More results. For the current and next fiscal years, $9.71 billion and $9.44 billion estimates indicate -11.2% and -2.8% changes, respectively. Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return.
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