SCCO - Southern Copper Corporation

NYSE - NYSE Delayed Price. Currency in USD
47.04
-0.22 (-0.47%)
At close: 4:02PM EDT

47.04 0.00 (0.00%)
After hours: 4:45PM EDT

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Previous Close47.26
Open47.53
Bid46.29 x 1100
Ask55.00 x 1100
Day's Range46.66 - 47.53
52 Week Range33.66 - 58.09
Volume937,621
Avg. Volume974,112
Market Cap36.363B
Beta0.44
PE Ratio (TTM)41.08
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.20 (2.47%)
Ex-Dividend Date2018-05-08
1y Target EstN/A
Trade prices are not sourced from all markets
  • Southern Copper Stock Lost Favor with Analysts
    Market Realist7 days ago

    Southern Copper Stock Lost Favor with Analysts

    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.

  • Reuters8 days ago

    Southern Copper sees Michiquillay mine in Peru starting operations in 2022

    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.

  • Are Southern Copper Corporation’s (NYSE:SCCO) Interest Costs Too High?
    Simply Wall St.15 days ago

    Are Southern Copper Corporation’s (NYSE:SCCO) Interest Costs Too High?

    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...

  • Reuters20 days ago

    Peru cenbank urges government to help revive mining projects

    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 Has Copper Giants in Crosshairs With Peru Expansion
    Bloomberg20 days ago

    Southern Has Copper Giants in Crosshairs With Peru Expansion

    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.

  • Reuters21 days ago

    Peru's Buenaventura seeks deal with Southern on copper project

    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.

  • What Freeport-McMoRan’s Strong Cash Flows Mean for Investors
    Market Realist22 days ago

    What Freeport-McMoRan’s Strong Cash Flows Mean for Investors

    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.

  • Why Freeport-McMoRan Expects Costs to Rise This Year
    Market Realist22 days ago

    Why Freeport-McMoRan Expects Costs to Rise This Year

    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.

  • Why These Copper Miners Lowered Their Production Guidance
    Market Realist22 days ago

    Why These Copper Miners Lowered Their Production Guidance

    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.

  • Copper Miners’ First-Quarter Report Card: Hits and Misses
    Market Realist22 days ago

    Copper Miners’ First-Quarter Report Card: Hits and Misses

    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.

  • Should Doctor Copper Be Thanking Xi-Trump Bonhomie?
    Market Realist28 days ago

    Should Doctor Copper Be Thanking Xi-Trump Bonhomie?

    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 Is Up ~13% in May: Can Hot Streak Continue?
    Market Realist28 days ago

    Freeport-McMoRan Is Up ~13% in May: Can Hot Streak Continue?

    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.

  • Is It Time To Sell Southern Copper Corporation (NYSE:SCCO) Based Off Its PE Ratio?
    Simply Wall St.29 days ago

    Is It Time To Sell Southern Copper Corporation (NYSE:SCCO) Based Off Its PE Ratio?

    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...

  • Brokerages Take a Fresh Look at First Quantum Minerals in May
    Market Realistlast month

    Brokerages Take a Fresh Look at First Quantum Minerals in May

    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.”

  • How Analysts Rate Antofagasta in 2Q18
    Market Realistlast month

    How Analysts Rate Antofagasta in 2Q18

    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.

  • How Much Downside Do Analysts See in Southern Copper?
    Market Realistlast month

    How Much Downside Do Analysts See in Southern Copper?

    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.

  • Freeport-McMoRan and Indonesia: The Tussle Gets Muddier
    Market Realistlast month

    Freeport-McMoRan and Indonesia: The Tussle Gets Muddier

    Freeport-McMoRan (FCX) operates the giant Grasberg mine in Indonesia (EIDO). Rio Tinto (RIO) is Freeport’s partner at the mine. Notably, Grasberg is the second largest copper mine globally after BHP Billiton (BHP) owned Escondida.

  • How Analysts Rate Freeport-McMoRan in May
    Market Realistlast month

    How Analysts Rate Freeport-McMoRan in May

    Freeport-McMoRan (FCX) has received a “strong buy” rating from one analyst, while seven analysts rate the stock as a “buy” or some equivalent. 12 analysts have a “hold” rating on the stock, while three analysts polled by Thomson Reuters on May 14 rate the stock as a “sell.”

  • Grasberg Impacts Freeport-McMoRan’s Valuation
    Market Realistlast month

    Grasberg Impacts Freeport-McMoRan’s Valuation

    As we noted in the previous part, Freeport-McMoRan (FCX) faces uncertainties in its Grasberg mine in Indonesia. Despite agreeing to sell a majority stake in the mine towards Indonesian interests, the company hasn’t been able to strike a final deal with the Indonesian government. Rio Tinto (RIO) is also negotiating a stake sale with the Indonesian government.

  • Are There Any Bullish Triggers for Copper Prices?
    Market Realist2 months ago

    Are There Any Bullish Triggers for Copper Prices?

    So far, copper prices have been subdued in 2018. Copper has seen a sharp rally since 1Q16. Copper has been struggling to hold the $7,000 per metric ton price level this year. Ample supplies, highlighted by low treatment and refining charges and rising inventories, have been bearish drivers for copper prices. Trade friction between the US and China hasn’t helped copper’s cause either. Copper miners including Freeport-McMoRan (FCX) and Antofagasta (ANTO) have also followed copper lower. ...

  • Freeport-McMoRan: What to Expect Moving Forward
    Market Realist2 months ago

    Freeport-McMoRan: What to Expect Moving Forward

    Freeport-McMoRan (FCX) is having a dismal run in 2018. Based the company’s closing prices on May 2, the stock has fallen 20.3% this year. The SPDR Dow Jones Industrial Average ETF (DIA) has lost 2.8% during this period. Looking at other miners, Antofagasta (ANTO) and Teck Resources (TECK) have lost 2.5% and 4.4%, respectively. However, Southern Copper (SCCO) has risen 9.0% year-to-date.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of SCCO earnings conference call or presentation 26-Apr-18 4:30pm GMT

    Q1 2018 Southern Copper Corp Earnings Call

  • Could Markets Have Pre-Empted Freeport’s Massive Slide?
    Market Realist2 months ago

    Could Markets Have Pre-Empted Freeport’s Massive Slide?

    In the previous article, we looked at various factors that may have triggered the massive sell-off in Freeport-McMoRan (FCX) stock yesterday. Southern Copper (SCCO), another pure-play copper miner, also fell on April 24. Along with the abovementioned factors, issues in Indonesia may have made investors wary of Freeport.

  • Should Freeport’s Lower Guidance Concern Investors?
    Market Realist2 months ago

    Should Freeport’s Lower Guidance Concern Investors?

    During its 1Q18 earnings call, Freeport-McMoRan (FCX) provided its revised operating guidance. Freeport expects to start its Grasberg underground operations towards the end of 2018. What would lower shipments mean for Freeport’s earnings?

  • 5 Reasons Freeport-McMoRan Fell after Its 1Q18 Release
    Market Realist2 months ago

    5 Reasons Freeport-McMoRan Fell after Its 1Q18 Release

    Freeport-McMoRan (FCX) released its 1Q18 results yesterday. The company’s adjusted EPS (earnings per share) from continuing operations were $0.46 in 1Q18, compared with $0.13 in 1Q17.