SCCO - Southern Copper Corporation

NYSE - NYSE Delayed Price. Currency in USD
36.30
-0.49 (-1.33%)
At close: 4:00PM EDT
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Chart Events
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close36.79
Open36.93
Bid36.26 x 900
Ask36.21 x 800
Day's Range35.55 - 36.93
52 Week Range23.43 - 44.82
Volume969,552
Avg. Volume977,085
Market Cap28.062B
Beta (5Y Monthly)1.07
PE Ratio (TTM)21.38
EPS (TTM)1.70
Earnings DateJul 21, 2020 - Jul 27, 2020
Forward Dividend & Yield0.80 (2.17%)
Ex-Dividend DateMay 12, 2020
1y Target Est35.63
  • Thomson Reuters StreetEvents

    Edited Transcript of SCCO earnings conference call or presentation 27-Apr-20 2:00pm GMT

    Q1 2020 Southern Copper Corp Earnings Call

  • Why It Might Not Make Sense To Buy Southern Copper Corporation (NYSE:SCCO) For Its Upcoming Dividend
    Simply Wall St.

    Why It Might Not Make Sense To Buy Southern Copper Corporation (NYSE:SCCO) For Its Upcoming Dividend

    Southern Copper Corporation (NYSE:SCCO) is about to trade ex-dividend in the next 3 days. You can purchase shares...

  • Why Southern Copper Stock Rose 15% in April
    Motley Fool

    Why Southern Copper Stock Rose 15% in April

    Southern Copper rebounded in April along with the market, but investors shouldn't ignore the warning signs for difficult days ahead.

  • Earnings Preview: Southern Copper (SCCO) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Southern Copper (SCCO) Q1 Earnings Expected to Decline

    Southern Copper (SCCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Southern Copper (SCCO) Q1 Earnings Lag Estimates, Sales Beat
    Zacks

    Southern Copper (SCCO) Q1 Earnings Lag Estimates, Sales Beat

    Southern Copper's (SCCO) first-quarter earnings reflect the impact of lower metal prices and higher operating costs.

  • Do Investors Have Good Reason To Be Wary Of Southern Copper Corporation's (NYSE:SCCO) 5.4% Dividend Yield?
    Simply Wall St.

    Do Investors Have Good Reason To Be Wary Of Southern Copper Corporation's (NYSE:SCCO) 5.4% Dividend Yield?

    Today we'll take a closer look at Southern Copper Corporation (NYSE:SCCO) from a dividend investor's perspective...

  • Southern Copper (SCCO) Down 21.5% Since Last Earnings Report: Can It Rebound?
    Zacks

    Southern Copper (SCCO) Down 21.5% Since Last Earnings Report: Can It Rebound?

    Southern Copper (SCCO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Hedge Funds Have Never Been This Bullish On Southern Copper Corporation (SCCO)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Southern Copper Corporation (SCCO)

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • Moody's

    Minera Mexico, S.A. de C.V. -- Moody's affirms Southern Copper's Baa2 ratings; changes outlook to stable

    Moody's Investors Service ("Moody's") affirmed the Baa2 senior unsecured rating of the notes issued by Southern Copper Corporation's ("Southern Copper") and Minera Mexico, S.A. de C.V. (Minera Mexico). The change in Southern Copper's outlook to stable from positive reflects the exposure of the company to the breadth and severity of the credit shock caused by the spread of the coronavirus outbreak and deteriorating global economic outlook.

  • The Zacks Analyst Blog Highlights: Freeport-McMoRan, Teck Resources, Vale, Rio Tinto and Southern Copper
    Zacks

    The Zacks Analyst Blog Highlights: Freeport-McMoRan, Teck Resources, Vale, Rio Tinto and Southern Copper

    The Zacks Analyst Blog Highlights: Freeport-McMoRan, Teck Resources, Vale, Rio Tinto and Southern Copper

  • Top Copper Stocks for Q2 2020
    Investopedia

    Top Copper Stocks for Q2 2020

    The copper industry is comprised of companies involved in the exploration, extraction, development, and production of copper, one of the most widely used metals today. Copper is used for a broad range of applications in electronics, construction, power generation, and transmission. Here are the top 3 copper stocks with the best value, the fastest earnings growth, and the most momentum.

  • What Is Southern Copper's (NYSE:SCCO) P/E Ratio After Its Share Price Tanked?
    Simply Wall St.

    What Is Southern Copper's (NYSE:SCCO) P/E Ratio After Its Share Price Tanked?

    Unfortunately for some shareholders, the Southern Copper (NYSE:SCCO) share price has dived 32% in the last thirty...

  • Thomson Reuters StreetEvents

    Edited Transcript of SCCO earnings conference call or presentation 26-Feb-20 3:00pm GMT

    Q4 2019 Southern Copper Corp Earnings Call

  • Here's Why Southern Copper (SCCO) Stock Holds Potential
    Zacks

    Here's Why Southern Copper (SCCO) Stock Holds Potential

    Southern Copper (SCCO) has the largest copper reserves in the industry and operates high-quality, world-class assets in investment grade countries, such as Mexico and Peru.

  • Southern Copper Corporation Just Missed EPS By 6.7%: Here's What Analysts Think Will Happen Next
    Simply Wall St.

    Southern Copper Corporation Just Missed EPS By 6.7%: Here's What Analysts Think Will Happen Next

    It's been a mediocre week for Southern Copper Corporation (NYSE:SCCO) shareholders, with the stock dropping 11% to...

  • Southern Copper (SCCO) Q4 Earnings Lag Estimates, Sales Beat
    Zacks

    Southern Copper (SCCO) Q4 Earnings Lag Estimates, Sales Beat

    Southern Copper's (SCCO) fourth-quarter top and bottom line improved on a year-over-year basis on higher sales volume of copper, silver and molybdenum, and higher silver prices

  • Is Southern Copper (SCCO) a Good Pick for Value Investors?
    Zacks

    Is Southern Copper (SCCO) a Good Pick for Value Investors?

    Southern Copper (SCCO) stock may be a good choice for value-oriented investors right now from multiple angles.

  • Should We Be Delighted With Southern Copper Corporation's (NYSE:SCCO) ROE Of 22%?
    Simply Wall St.

    Should We Be Delighted With Southern Copper Corporation's (NYSE:SCCO) ROE Of 22%?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Southern Copper (SCCO) Earnings Expected to Grow: What to Know Ahead of Q4 Release
    Zacks

    Southern Copper (SCCO) Earnings Expected to Grow: What to Know Ahead of Q4 Release

    Southern Copper (SCCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Should Southern Copper (NYSE:SCCO) Be Disappointed With Their 64% Profit?
    Simply Wall St.

    Should Southern Copper (NYSE:SCCO) Be Disappointed With Their 64% Profit?

    The simplest way to invest in stocks is to buy exchange traded funds. But in our experience, buying the right stocks...

  • Rising Copper Prices Will Drive FDX Stock Higher in the New Year
    InvestorPlace

    Rising Copper Prices Will Drive FDX Stock Higher in the New Year

    Freeport-McMoRan (NYSE:FCX) stock finally seems to be moving convincingly higher from range-bound trade. In the last two-and-half months, FCX stock has surged by 50%.Source: MICHAEL A JACKSON FILMS / Shutterstock.com Importantly, the rally has been supported by strong fundamental developments. Moving into 2020, I believe that FCX stock has more legs in the current rally.Since FCX stock has already moved higher by 50% in the last few months, I want to first discuss the valuation. Freeport-McMoRan currently trades at a 2020 EV/EBITDA of 6.81. This is still attractive considering the point that Southern Copper Corporation (NYSE:SCCO) trades at a 2020 EV/EBITDA of 9.96. FCX stock can cool-off after a massive rally, but the uptrend is likely to remain intact in 2020.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Copper Will Trend Higher in 2020The primary reason for FCX stock surging higher is the fact that copper has been trending higher. Last week, copper touched a seven-month high on the London Metal Exchange. There are reasons to believe that the uptrend for copper will sustain in 2020. * 7 Stocks to Buy to Get 2020 Started the Right Way With the United States and China reaching a phase one deal, easing trade tensions can boost global GDP growth. The International Monetary Fund also expects emerging markets to grow at 4.6% in 2020 from 3.9% in 2019. If growth in China and India accelerates, the demand for copper will ensure that the commodity continues to move higher. This will be positive for FCX as EBITDA margin will expand along with growth in free cash flows.Another reason to be bullish on copper is the fact that the Federal Reserve has been pursuing a renewed expansionary policy. The central bank's assets have swelled from $3.8 trillion in September to $4.1 trillion in December.With easy money in the financial markets, depressed asset classes are likely to move higher. In the last ten years, commodities have been the most depressed asset class and the next decade can be different. Lower investments in mining expansion due to depressed prices have narrowed the demand-supply gap. It is expected that copper market will go from surplus to deficit in 2021.Clearly, fundamental factors support the bull story for copper and as the commodity trend higher, FCX stock will follow. Financial Flexibility Will Support GrowthFor 2020, Freeport-McMoRan expects to incur capital expenditure of $2.6 billion. With cash of $2.2 billion and undrawn credit facility of $3.5 billion, FCX is fully funded for 2020 and 2021.FCX also generated an operating cash flow of $1.3 billion for the first nine months of 2019. This implies an annualized OCF of $1.7 billion. Therefore, with copper prices trending higher, FCX is well-positioned to reduce its net debt position in 2020.In the last 24 months, deleveraging has ensured that credit metrics improve for FCX. With prospects of higher commodity prices, FCX stock is positioned to debt re-rating. In addition, dividends can possibly increase towards the end of 2020 or into 2021.I want to add here that the sale of gold will also add to cash flow in addition to copper sales. Freeport-McMoRan expects gold sales to increase from 0.87 million ozs in 2019 to 1.45 million ozs in 2021.Gold is trading near $1,500 an ounce and I am positive on gold as expansionary policies are bullish for the precious metal. Therefore, over the next 24 months, gold is likely to support EBITDA margin expansion and cash flow upside. My Final Thoughts on FCX stockIf we go back by 24 months to 3Q17, FCX had $14.8 billion in total debt. In addition, the company had a relatively uncertain outlook due to negotiations with the government in Indonesia. Currently, total debt has declined to $9.9 billion and there is a firm agreement with the Indonesian government. In addition, the outlook for copper is bullish and gold has been trending higher.Clearly, FCX has made significant progress in terms of sale of non-core assets, deleveraging. The next two years will be focused on production ramp-up, which will translate into EBITDA and cash flow upside.This makes FCX stock worth considering even after the strong rally in the last few months. However, investors can wait for some profit booking before fresh exposure for 2020.As of this writing, Faisal Humayun did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy to Get 2020 Started the Right Way * 10 Best ETFs for 2020: The Competition Is Stacked Full of Potential * 4 Gold Stocks to Buy as the Yellow Metal Surges The post Rising Copper Prices Will Drive FDX Stock Higher in the New Year appeared first on InvestorPlace.

  • Should You Worry About Southern Copper Corporation's (NYSE:SCCO) CEO Pay?
    Simply Wall St.

    Should You Worry About Southern Copper Corporation's (NYSE:SCCO) CEO Pay?

    In 2004 Oscar González Rocha was appointed CEO of Southern Copper Corporation (NYSE:SCCO). This report will, first...

  • Southern Copper (SCCO) Hits 52-Week High: What's Driving It?
    Zacks

    Southern Copper (SCCO) Hits 52-Week High: What's Driving It?

    Southern Copper (SCCO) remains focused on increasing low-cost production and growth investments. The company is well poised to continue delivering enhanced performance.

  • Hedge Funds Cashed Out Of Southern Copper Corporation (SCCO) Too Early
    Insider Monkey

    Hedge Funds Cashed Out Of Southern Copper Corporation (SCCO) Too Early

    "The global economic environment is very favorable for investors. Economies are generally strong, but not too strong. Employment levels are among the strongest for many decades. Interest rates are paused at very low levels, and the risk of significant increases in the medium term seems low. Financing for transactions is freely available to good borrowers, […]