|Bid||30.36 x 2200|
|Ask||0.00 x 800|
|Day's Range||32.13 - 33.09|
|52 Week Range||29.01 - 58.09|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||16.28|
|Earnings Date||Jan 31, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.60 (5.09%)|
|1y Target Est||35.07|
Freeport-McMoRan: Party Continues as Chinese Copper Imports SurgeChinese copper imports Freeport-McMoRan (FCX) surged 6.9% yesterday, boosted by an upgrade from Morgan Stanley to “overweight.” The financial services company lowered its price
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Southern Copper Corporation's (NYSE:SCCO) latest earnings updateRead More...
Why Freeport-McMoRan Is Surging TodayFreeport-McMoRan Freeport-McMoRan (FCX), the leading US-based copper miner (XME), is trading with gains of 5.5% as of 11:55 AM EST. Southern Copper (SCCO) and First Quantum Minerals (FM) have gained 1.6% and 1.4%,
Peru's environmental regulator OEFA has concluded that mining waste from Southern Copper Corp's Cuajone unit did not spill into the environment during heavy rains last week. OEFA said in a statement late Tuesday that it was still supervising operations at Cuajone but had ruled out any tailings spill. On Sunday, OEFA had described a "greenish solution" flowing from the mine's installations into a local river and announced it was investigating a potential tailings spill.
After the closing bell on Monday, Southern Copper Corp. (SCCO) released its operating and financial results for full fiscal 2018. As a result of higher metal prices, total net sales came in at $7.09 billion, reflecting a 6.6% increase year over year. Warning! GuruFocus has detected 3 Warning Signs with SCCO.
Southern Copper Corp said on Monday that a key plant it uses to produce copper in Peru would not fully restart for another three to five days while work is done on its tailings and railway infrastructure following heavy rains. Peru's environmental regulator OEFA has been investigating a potential tailings spill at Southern Copper's Cuajone mine, after being alerted by local residents of a "greenish solution" that started streaming into a nearby river. Southern Copper, one of the world's largest copper producers, said there was no tailings spill.
Southern Copper Corp said on Monday that it earned $293.2 million in net profit the fourth quarter, compared to a $287.5 million loss it posted in the same period a year earlier. The company, controlled by Grupo Mexico, said its copper production rose 4 percent in the fourth quarter from the same period in 2017. It added that a 112 percent rise in net income in all of 2018 was due mainly to higher sales and lower taxes.
Southern Copper Corp has partially suspended its operations in southern Peru due to heavy rains and is searching for a worker who was swept away by a mudslide, the company said late on Sunday. Southern Copper said in a statement that it shut down its processing plant at Cuajone as a preventative measure on Friday, but denied there may have been any tailings spill. Peru's environmental regulator OEFA said on Sunday that it was investigating a potential tailings spill at Cuajone, describing a "greenish solution" that had leaked into the local Torata River from the company's waste depository.
Peru's environmental watchdog said on Sunday it was investigating a tailings spill from a unit of Southern Copper Corp, one of the world's largest copper producers, into a river in an area that has been inundated by heavy rains. The Agency of Evaluation and Environmental Enforcement (OEFA) said the spill occurred in the waste deposit area of the Cuajone mining operations of Southern Copper, located in the Moquegua region approximately 535 miles (860 km) southeast of Lima. OEFA investigators at the Cuajone mine said a "flow of a greenish solution" into the Torata River since Friday has stopped.
NEW YORK, Feb. 01, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
# Southern Copper Corp ### NYSE:SCCO View full report here! ## Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is extremely low for SCCO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SCCO. ## Money flow ETF/Index ownership | Negative ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding SCCO totaled $1.21 billion. Additionally, the rate of outflows appears to be accelerating. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. ## Credit worthiness Credit default swap | Positive The current level displays a positive indicator. SCCO credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Does Freeport-McMoRan Stock Look Attractive after the Sell-Off?(Continued from Prior Part)Freeport-McMoRan Freeport-McMoRan (FCX) is valued at an EV-to-EBITDA (enterprise value-to-EBITDA) of 6.6x its 2019 expected EBITDA. Among other mining
Today we are going to look at Southern Copper Corporation (NYSE:SCCO) to see whether it might be an attractive investment prospect. Specifically, we'll consider its Return On Capital Employed (ROCE), Read More...
Does Freeport-McMoRan Stock Look Attractive after the Sell-Off?Freeport-McMoRanFreeport-McMoRan (FCX), the leading US-based copper miner (DIA), fell 13.1% yesterday after its fourth-quarter earnings release. The stock has fallen 14.8% this week, but
Freeport-McMoRan Stock Is Down following Its Q4 MissFreeport-McMoRanFreeport-McMoRan (FCX), the leading US-based copper miner (XME), released its fourth-quarter earnings results today. It reported revenue of $3.7 billion in the quarter compared to
Freeport-McMoRan’s Q4 Earnings: The Word on Wall StreetFreeport-McMoRanUS-based copper miner Freeport-McMoRan (FCX) is having a strong run this year. As of January 18, Freeport had gained 21.8% year-to-date. Other copper miners are also strong,
Southern Copper (SCCO) is likely to benefit from cost-reduction programs, expansion actions, and recovery in metal prices in the long term due to demand-supply imbalance.
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.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have Read More...
As we discussed in this series, falling copper prices have taken a toll on Freeport-McMoRan (FCX). Other miners including Southern Copper (SCCO), First Quantum Minerals (FM), and Rio Tinto (RIO) are also having a somber year. Falling copper prices aren’t the only concern for Freeport-McMoRan investors. The company is staring at a sharp fall in earnings in 2019 as the Grasberg mine transitions from overground to underground operations. Freeport-McMoRan still needs to sort out the environmental claims made by the Indonesian government.
Southern Copper (SCCO) is poised well on expansion projects, particularly in Peru but its high debt level remains a concern.