SCCO - Southern Copper Corporation
48.60 +1.34 (2.84%)
After hours: 5:00PM EDT
| Previous Close | 48.60 |
| Open | 47.52 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 900 |
| Day's Range | 46.67 - 47.82 |
| 52 Week Range | 33.63 - 58.09 |
| Volume | 931,009 |
| Avg. Volume | 969,440 |
| Market Cap | 36.533B |
| Beta | 0.44 |
| PE Ratio (TTM) | 41.28 |
| EPS (TTM) | 1.14 |
| Earnings Date | Jul 25, 2018 - Jul 30, 2018 |
| Forward Dividend & Yield | 1.20 (2.47%) |
| Ex-Dividend Date | 2018-05-08 |
| 1y Target Est | 46.80 |
- Market Realist•6 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.
- Reuters•7 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.
- Simply Wall St.•14 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...
- ACCESSWIRE•19 days ago
Free Technical Research on Freeport-McMoRan and Three More Copper Equities
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).
- Reuters•19 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.
- Bloomberg•19 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.
- ACCESSWIRE•20 days ago
Free Post Earnings Research Report: Southern Copper’s Q1 EPS Surged 48.8% Y-o-Y
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.
- Reuters•20 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.
- Market Realist•21 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.
- Market Realist•21 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.
- Market Realist•21 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.
- Market Realist•21 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.
- Market Realist•27 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.
- Market Realist•27 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.
- Simply Wall St.•28 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...
Market Realist•last monthBrokerages 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.”
Market Realist•last monthHow 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.
Market Realist•last monthHow 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.
Market Realist•last monthFreeport-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.
Market Realist•last monthHow 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.”
- GlobeNewswire•last month
Report: Exploring Fundamental Drivers Behind East West, Southern Copper, UBS Group AG, Scientific Games, Leidos, and Gray Television — New Horizons, Emerging Trends, and Upcoming Developments
NEW YORK, May 14, 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 East ...
Market Realist•last monthGrasberg 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.
- ACCESSWIRE•last month
EX-Dividend Schedule: Southern Copper Has a Dividend Yield of 2.32%; Will Trade Ex-Dividend on May 08, 2018
LONDON, UK / ACCESSWIRE / May 07, 2018 / Active-Investors has a free review on Southern Copper Corp. (NYSE: SCCO) following the Company's announcement that it will begin trading ex-dividend on May 08, 2018. Active-Investors has initiated due-diligence on this dividend stock. If your portfolio includes dividend stocks, you have come to the right place for timely information.
Market Realist•2 months agoAre 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. ...
Market Realist•2 months agoFreeport-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.
