|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||37.21 - 37.58|
|52 Week Range||32.30 - 46.26|
|PE Ratio (TTM)||39.89|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Southern Copper (SCCO) is poised well on expansion projects and solid outlook for metal prices. However, lower production and higher debt remain concerns.
Southern Copper (SCCO) hasn’t received any “buy” or equivalent ratings. Four analysts have rated Southern Copper stock as a “hold.” The remaining five analysts polled by Thomson Reuters on July 5 rated the stock as a “sell” or lower. Southern Copper carries a mean consensus target price of $46.3, which represents a potential upside of 2.0% from its closing price on July 5.
Stock Research Monitor: HBM, SCCO, and TRQ LONDON, UK / ACCESSWIRE / July 6, 2018 / If you want a free Stock Review on FCX sign up now at www.wallstequities.com/registration . Ahead of today's trading ...
The rising U.S. dollar threatens to push down copper prices by about 8% in the coming months, according to a technical analysis, after a rally that pushed up the price of the metal by 11% over the past year. Copper prices are nearing a technical breakdown, and should the price of copper fall below $2.90, a technical support level, it could fall to $2.69, a drop of 8.2%, from its current price of $2.91.
NEW YORK, June 28, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Torchmark ...
This analysis is intended to introduce important early concepts to people who are starting to invest and looking to gauge the potential return on investment in Southern Copper Corporation (NYSE:SCCO).Read More...
Short interest is low for SCCO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
Is It Time to Fall in Love with Copper Stocks? Southern Copper (SCCO) hasn’t received any “buy” or equivalent ratings. Among the analysts polled by Thomas Reuters on June 12, five analysts rated Southern Copper stock as a “hold,” four analysts rated it as a “sell,” and one analyst rated it as a “strong sell.” Southern Copper carries a mean consensus target price of $46.8, which represents a potential downside of 8.5% over its closing price on June 11.
Southern Copper Corp said on Tuesday that it plans to start building its proposed $2.5 billion copper mine Michiquillay in Peru next year and will likely start operations in 2022 - three years earlier than previously forecast. Southern's chief executive, Oscar Gonzalez, added that the company will need to reach detailed agreements with residents near the deposit in the northern Andean region of Cajamarca before construction can begin. "It's expected operations will start by 2022," Gonzalez told journalists after signing the Michiquillay contract with government officials.
There are a number of reasons that attract investors towards large-cap companies such as Southern Copper Corporation (NYSE:SCCO), with a market cap of US$38.37B. Market participants who are conscious ofRead More...
One tonne of copper brings functionality in 40 cars, powers 60,000 mobile phones, enables operations in 400 computers, and distributes electricity to 30 homes. Lined up for review this morning are the following industry players: Freeport-McMoRan Inc. (NYSE: FCX), Hudbay Minerals Inc. (NYSE: HBM), Southern Copper Corp. (NYSE: SCCO), and Turquoise Hill Resources Ltd (NYSE: TRQ).
The manager of Peru's central bank urged the government of President Martin Vizcarra on Thursday to do more to revive mining projects that have been derailed by protests. Renzo Rossini, of the central bank, said three suspended mining projects - Southern Copper Corp's Tia Maria, Newmont Mining Corp's Conga and Zijin Mining Group's Rio Blanco - would have delivered $7 billion in investments and about $500 million in annual tax revenue had they been built.
Southern Copper Corp. is preparing to scale the ranking of global producers by spending more than $10 billion in Peru and Mexico, taking advantage of rising prices underpinned by years of industry belt-tightening. The fifth-largest copper producer hopes to start work on its Tia Maria project in Peru next year as community resistance eases, Chief Financial Officer Raul Jacob said Thursday in an interview from Lima. Based on the economic benefits it will bring, a majority of the local population now supports Tia Maria, he said.
LONDON, UK / ACCESSWIRE / May 31, 2018 / If you want access to our free earnings report on Southern Copper Corp. (NYSE: SCCO), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SCCO. The Company released its first quarter fiscal 2018 (Q1 FY18) earnings results on April 25, 2018. The Company’s sales and income per share rose 16.2% and 48.8% y-o-y, respectively.
Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern's $2 billion copper project Michiquillay, Buenaventura's chief executive told Reuters on Wednesday. "They were receptive ... but it's up to them to evaluate the preliminary proposal," Victor Gobitz said in an interview at the International Gold & Silver Symposium in Lima, Peru. The two companies jointly own the Coimolache mining company in Peru, and are both junior partners in large mines in Peru controlled by U.S.-based companies.
In this part of our series, we’ll look at copper miners’ first-quarter free cash flows and look at the 2018 cash flow guidance. You can define free cash flows as operating cash flows minus capital expenditure (or capex). It’s a key metric that investors in metal and mining companies should track.
Previously in this series, we looked at copper miners’ first-quarter production and 2018 guidance. When commodity prices fall, high-cost producers become unprofitable much sooner than their peers, which are placed more favorably on the cost curve. It’s, therefore, crucial for commodity producers to have competitive cost structures.
Previously in this series, we’ve looked at major copper producers’ first-quarter production data. In this article, we’ll look at the 2018 production guidance provided by leading copper miners. We’ll be focusing on companies that changed their guidance this year.
Freeport-McMoRan (FCX) released its first-quarter earnings on April 24 and saw a selling spree after its earnings miss and management’s commentary on Indonesia operations rattled investors. See 5 Reasons Freeport-McMoRan Fell after Its 1Q18 Release to see what spooked markets in the company’s earnings report. Copper has seen weakness this year.
Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue? While commodities generally follow the underlying supply-demand dynamics in the long term, according to some observers, copper prices also tend to reflect macro developments. Copper has been dubbed as “doctor copper” because many market observers see copper prices as a reflection of the global economy.
Freeport-McMoRan (FCX), the leading US-based copper miner, is having a nice run in May. The stock has risen 12.9% so far this month based on May 22 closing prices. Thanks to the upwards price action this month, Freeport has narrowed its 2018 losses to 9.2%. Overall, 2018 has been a somber year for Freeport. On the macro front, copper prices have fallen from their 2017 highs as expectations of a supply deficit are now fast eroding.
Southern Copper Corporation (NYSE:SCCO) trades with a trailing P/E of 45.1x, which is higher than the industry average of 12.6x. While this makes SCCO appear like a stock to avoidRead More...
First Quantum Minerals (FM) has received a “strong buy” rating from five analysts, while nine analysts have a “buy” or equivalent rating on the stock. The remaining ten analysts polled by Thomson Reuters on May 14 rate the stock as a “hold.”
Antofagasta (ANTO) has received a “strong buy” rating from five analysts, while four analysts rate the stock as a “buy” or some equivalent. Antofagasta produced 153,800 metric tons of copper in 1Q18, which was 10.5% lower as compared to the corresponding period last year. Antofagasta expects to produce between 705,000 and 740,000 metric tons of copper in 2018 as compared to 704,300 metric tons last year.
Southern Copper (SCCO) has received a “hold” rating from five analysts. Four analysts have a “sell” rating on the stock, while the remaining one analyst polled by Thomson Reuters on May 14 has rated the stock as a “strong sell.” The stock hasn’t received any “buy” or equivalent ratings.