Southern Copper Corporation (NYSE and BVL: SCCO). A wealth of resources for individual investors is available at www.zacks.com. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. At the registration time, you will be provided a dial-in number and a personal confirmation PIN will be generated to access the call. Investor Relations Southern Copper Corp SCCO Dividends . 5 Stocks Set to Double 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. Archived Events. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. Tia Maria - Arequipa: Southern Copper has been consistently working to promote the welfare of the population of the Islay province. These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. In the latest trading session, Southern Copper (SCCO) closed at $48.76, marking a +1.88% move from the previous day. July 28, 2022 01:00 PM ET. 21-025 Equipos en desuso: camiones, camionetas, gras, montacargas, mnibus, otros. Within the past 30 days, our consensus EPS projection remained stagnant. 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 |. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Click the button below to request a report when hardcopies become available. You can find more information on all of these metrics, and much more, on Zacks.com. Southern Copper (SCCO) has recently been on Zacks.com's list of the most searched stocks. 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%. 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." In 2021, SPCC fortified its relation with the regional government and successfully overcame its opposition to project initiation. The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by . Over the last 30 days, this estimate has remained unchanged. Shares of this miner have returned +26.4% over the past month versus the Zacks S&P 500 composite's no change. 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. 2023 southern copper & supply company, inc. site by High Level Marketing. View Presentation. Zacks->. In light of its improvements in the realm of ESG, S&P has also upgraded the Company?s Sustainability Assessment, which rose from 50/100 points in 2020 to 61/100 in 2021 ( 22% increase). For 2021, we expect to produce 960,000 tons of copper. Request Information Older/Archived Annual Reports 2020 Annual Report View Annual Report Download 2019 Annual Report View Annual Report Download 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. 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. BNK Invest->. Do Not Sell My Personal Information (CA Residents Only). I'm ready to: See What's New Join the Team Find a Branch Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. We continue to make progress in our quest to achieve ISO 45001 and 14001 certifications. 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. Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW. 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. | Privacy Statement Zacks->. How can we help? 2015-2023 Fintel Ventures LLC. Victor Pedraglio +(602) 264-1375 . October 27, 2022. Webcast. 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% From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. As of June 30, 2022, we had invested $264.9 million in this project. A wealth of resources for individual investors is available at www.zacks.com. Southern Copper (SCCO) closed at $77.06 in the latest trading session, marking a +1.8% move from the prior day. We have also promoted agricultural and livestock activities in the Tambo Valley and supported growth in manufacturing, fishing and tourism in Islay. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.82 billion, down 2.68% from the year-ago period. In line with best practice, the Board of Directors has approved the formation of a new Sustainability Committee chaired by an independent director. And if earnings estimates go up for a company, the fair value for its stock goes up. 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. This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. This is a significant step in our pledge to a robust and strong ESG performance. 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. As mentioned above, our financial results this quarter have been impacted by unusual circumstances. The average salary for Chief Investor Relations Officer at companies like SOUTHERN COPPER CORP in the United States is $348,900 as of November 23, 2022, but the range typically falls between $306,800 and $404,800. If you have questions concerning your registered Southern Company shareowner account, online account access, transfer requirements, lost certificates, dividend checks, address changes or the Southern Investment Plan, please contact EQ Shareowner Services. In order to avoid a force majeure event, production losses were temporarily offset with copper purchased from third parties, albeit at a higher cost. 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 ? 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. The project has obtained all permits and licenses required and we expect to begin production in the last quarter of 2022. Faraday Copper Corp. E-mail: info . This page shows recent SEC filings related to Southern Copper Corp. Latest For Southern Copper, the consensus sales estimate for the current quarter of $2.48 billion indicates a year-over-year change of -12.2%. 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 recent revisions tend to reflect the evolving nature of short-term business trends. Please fill out the form below and click "Place Order" to complete your order. April 27, 2021. . Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. 13.02.22 Redaktion Finanzen Verlag Hot Stock der Wall Street: Southern Copper Corporation-Aktie 08.02.22 MyDividends Southern Copper gibt Dividende bekannt 03.02.22 finanzen.net Southern Copper . We are a world-class mining-metallurgical company, producer of copper and other valuable byproducts. The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by . Company profile for Southern Copper Corporation (SCCO) with a description, list of executives, contact details and other key facts. 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%. If you require advice in relation to any financial matter you should consult an appropriate professional. 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). 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. The Company has created a multidisciplinary management team to plan the development of this project. 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. 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. 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. . The Mining - Non Ferrous industry is part of the Basic Materials sector. With Quality before Quantity as a core belief, Southern Copper is continually improving its processes to better serve its customers and employees. 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 total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $87,471 to $129,550 with the average total cash compensation of $107,436. This project will significantly improve the overall mineral ore grade (combining the 0.78% expected from Pilares with the 0.34% from La Caridad). To read this article on Zacks.com click here. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. ? 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. 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. It is also important to note the recent changes to analyst estimates for Southern Copper. At The Southern Company, we promise to treat your data with respect and will not share your information with any third party. and a cash cost after by-product credits of USD0.69/lb during the first nine months of 2020. Q3. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%. 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. During the conference call, please join live presentation through Webex at the following link: https://americasmining.webex.com/americasmining/j.php?MTID=mac6f4fa227940b379b850d683f582bd4, CONDENSED CONSOLIDATED STATEMENT OF EARNINGS. On May 31, 2022, a group of people attacked the project mining camp, causing a fire and completely destroyed the installations. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Our current portfolio for approved projects in Peru totals $2.8 billion, $1.6 billion of which has already been invested. Investor Relations Manager in Temple, TX. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). The Zacks Mining - Non Ferrous industry, to which Southern Copper belongs, has gained 17.8% over this period. Annual production is expected to total 190,000 tons of copper and 105,000 ounces of gold. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the . Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. EPS of $0.67 for the same period compares with $1.12 a year ago. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Counsel: N/A: N . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. This model considers these estimate changes and provides a simple, actionable rating system. We are a world-class mining-metallurgical company, producer of copper and other valuable byproducts. April 28, 2022. This valuation marks a premium compared to its industry's average Forward P/E of 5.33. 2021 Annual Report Interactive Website. Any recent changes to analyst estimates for Southern Copper should also be noted by investors. In 2021, the Company signed a Social Agreement with the Michiquillay and the Enca?ada Communities and, on October 1, 2021, the Peruvian Ministry of Energy and Mines approved the semi-detailed Environmental Impact Study for the project. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries. 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. Find company research, competitor information, contact details & financial data for Southern Per Copper Corporation Sucursal del Per of LIMA, LIMA. Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $152,458 to $218,472 with the average total cash compensation of $180,767. 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. Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. More results. Compared to the Zacks Consensus Estimate of $2.32 billion, the reported revenues represent a surprise of -6.96%. Also important to note the recent changes to analyst estimates for Southern Copper holding! 08.02.22 MyDividends Southern Copper is holding a Zacks Rank of 38, which puts it in the Private Securities Reform... 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