The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. El Arco - Baja California: This is a world-class copper deposit located in the central part of the Baja California peninsula with ore reserves of over 1,230 million tons with an average ore grade of 0.40% and 141 million tons of leach material with an ore grade of 0.27%. Construction site works are in progress. Nothing on this website constitutes, or is meant to constitute, advice of any kind. The Metallurgical Complex in Sonora, where we smelt and refine material mined from the region, was recognized in the ranking of the 10 Best Places to Work for Women. Southern Company Reports Third Quarter Earnings. Because the $75.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. This new consensus was reflected in an agreement for Social Investment for Taxes for projects relative to health facilities and roads. In order to continue with the project, stronger preventive measures to combat COVID-19 have been put in place. Revise nuestros resultados del tercer trimestre 2022 DESCARGAR NOTA COMPLETA, Revise nuestros resultados del segundo trimestre 2022 DESCARGAR NOTA COMPLETA, Anuncio de dividendo DESCARGAR NOTA COMPLETA, Subasta Electrnica No. The stock outpaced the S&P 500's daily gain of. Southern Copper (SCCO) has recently been on Zacks.com's list of the most searched stocks. mode: 'thumbnails-a-mid', Our determination of the components of adjusted EBITDA is evaluated periodically based on a review of non-GAAP financial measures used by mining industry analysts. Type a symbol or company name. Southern Coppers Quality Management System offers support in improving the business practices employed. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. All rights reserved. In line with best practice, the Board of Directors has approved the formation of a new Sustainability Committee chaired by an independent director. These results led to our inclusion in the Dow Jones Sustainability index for the MILA region in 2019 and we have also been included in the 2022 Sustainability Yearbook. Our staff always looks for the best part for our customers applications, Our large inventory allows us to process all orders fast. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. The measure operating cash cost per pound of copper produced net of by-product revenues is a common measure used in the copper industry to track performance and it is a useful management tool that allows us to better allocate our resources. About the company Rewards Earnings are forecast to grow 3.26% per year Risk Analysis Dividend of 4.76% is not well covered by earnings or cash flows Has a high level of debt See All Risk Checks This project will significantly improve the overall mineral ore grade (combining the 0.78% expected from Pilares with the 0.34% from La Caridad). Vancouver, British Columbia--(Newsfile Corp. - August 1, 2019) - Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") announces the commencement of the 2019 exploration program at its 100% owned MPD Copper-Gold Porphyry Project in Southern Central British Columbia. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. Southern Copper Corporation's rating increased by 22% in the 2021 Corporate Sustainability Assessment of S&P Global. }); Terms and Conditions An assistant investor relations manager would need at least a few years of experience in order to be successful at the position. Given the importance of water for our operations and in the broader perspective of climate change, the Company recently appointed a Water Resources Director at the executive level, whose main function will be to coordinate the actions needed to promote water management at all our operations and ensure our place as a responsible partner in the regional management of this valuable resource. Our research shows that these estimate changes are directly correlated with near-term stock prices. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. As of June 30, 2022, December 31, 2021 and June 30, 2021 there were 773.1 million shares outstanding. A high-level overview of Southern Copper Corporation (SCCO) stock. Third Quarter Earnings Call. As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Our efforts to ensure the current and long-term welfare of the population in the area of influence of the Tia Maria project were recognized by several local associations, which sent letters to the National Government to request project initiation. INVESTOR RELATIONS: Genaro Guerrero Daz Mercado T. +52 55 5246 37 00 Ext. In preparation for upcoming drilling, the Company has mobilized field crews to the property for mapping, sampling and . SCCO New York Stock Exchange NLS real time price CURRENCY IN USD Metals & Mining SOUTHERN COPPER CORPORATION 61.63 at close +1.24 ( +2.05%) after hours as of Jan 3, 05:39 PM EST. Request Information Older/Archived Annual Reports 2020 Annual Report View Annual Report Download 2019 Annual Report View Annual Report Download The estimated capital investment is $2,600 million and the project is expected to begin operating in 2027. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Zacks->. window._taboola = window._taboola || []; Get the latest business insights from Dun & Bradstreet. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Southern Copper is rated Zacks Rank #1 (Strong Buy). The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Southern Copper. We remain fully committed to creating added value and positive impacts for our shareholders and for all the communities where we operate.? Southern Company reports first-quarter 2022 earnings. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.82 billion, down 2.68% from the year-ago period. At the end of June the project has all the required permits for exploration activities. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. Q4 Results In the last reported quarter, Southern Copper's earnings. Corporate access is weighed differently depending on the investors models and investment policies. Metals Week Dealer Oxide, Cost of sales (exclusive of depreciation, amortization and depletion shown separately below), Interest expense, net of capitalized interest, Net income before equity earnings of affiliate, Less: Net income attributable to non-controlling interest, Net income attributable to SCC common shareholders ? In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. With this recognition, this plant has consolidated its position as the employer of choice for the best professionals in the country and has strengthened an organizational culture based on safety, predictability and employee trust. The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by Grupo Mexico, a Mexican company listed on the Mexican stock exchange. You can find more information on all of these metrics, and much more, on Zacks.com. Our adjusted EBITDA is not necessarily comparable to similar measures used by other companies. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Type a symbol or company name. Claudia Pitre Manager, Investor Relations and Corporate Access +1 416 307 5105 Email: cpitre@barrick.com Kathy du Plessis Investor and Media Relations +44 20 7557 7738 Email: barrick@dpapr.com . A wealth of resources for individual investors is available at www.zacks.com. Written by If an investor was to purchase shares of SCCO stock at the current price level of $77.66/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $80.00. Southern Copper (SCCO) closed at $77.06 in the latest trading session, marking a +1.8% move from the prior day. Type a symbol or company name. Should the contract expire worthless, the premium would represent a 5.60% return on the cash commitment, or 21.99% annualized at Stock Options Channel we call this the YieldBoost. To read this article on Zacks.com click here. Zacks Equity Research for This rating, which reflects a continuous upward trend, earned us a place in the Dow Jones Sustainability Index for the . The project has all the necessary permits and the capital budget is $413 million. Michiquillay is a world class mining project with inferred mineral resources of 2,288 million tons with an estimated copper grade of 0.43%. At the registration time, you will be provided a dial-in number and a personal confirmation PIN will be generated to access the call. SCCO's industry had an average PEG ratio of 0.82 as of yesterday's close. Welcome to Southern Copper With Quality before Quantity as a core belief, Southern Copper is continually improving its processes to better serve its customers and employees. The average capital expenditures over the last five years have been around $1 billion. This is a significant step in our pledge to a robust and strong ESG performance. In Peru, the Prime Minister joined us for the inauguration of the Cularjahuira dam ($11.5 million), which was the fruit of joint investment between the Company, government authorities and the highland community of Camilaca. The project has obtained all permits and licenses required and we expect to begin production in the last quarter of 2022. Want the latest recommendations from Zacks Investment Research? Nonetheless, we believe Southern Copper is well positioned to leverage our strengths in a challenging environment. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. April 27, 2021. . _taboola.push({article:'auto', url:''}); Considering the fact that the $80.00 strike represents an approximate 3% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. We have also promoted agricultural and livestock activities in the Tambo Valley and supported growth in manufacturing, fishing and tourism in Islay. our service enables potential investors to review the most recent and archived southern copper corp. sustainability report, southern copper corp. corporate social responsibility report, southern copper corp. csr report, southern copper corp. corporate responsibility, southern copper corp. cr report, southern copper corp. citizenship report, Faraday Copper Corp. E-mail: info . Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. Southern Copper is expected to post earnings of $0.79 per share for the current quarter, representing a year-over-year change of -26.9%. 3Q22 Earnings Package. In this scenario, we believe the current cycle of low prices should be short-lived. . Company profile for Southern Copper Corporation (SCCO) with a description, list of executives, contact details and other key facts. SCC seeks sustainability by managing different fronts. Southern Copper Corporation (SCC) is one of the largest integrated copper producers in the world and we believe we currently have the largest copper reserves in the industry. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company?s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based. After the sale, its the service that counts. Investor Relations: Raul Jacob Vctor Pedraglio +(602) 264-1375 southerncopper@southernperu.com.pe . Type a symbol or company name. Investor Relations Manager in Atlantic City, NJ. The Company has created a multidisciplinary management team to plan the development of this project. These symbols will be available throughout the site during your session. Historical dividend payout and yield for Southern Copper (SCCO) since 1998. With Quality before Quantity as a core belief, Southern Copper is continually improving its processes to better serve its customers and employees. Copper Mountain's flagship asset is the 75% owned opper Mountain Mine located in southern ritish olumbia . Additionally, from day one of our operations, we will generate significant contributions to revenues in the Arequipa region. Given the current Peruvian economic situation, it is crucial to move ahead on projects that will stimulate a sustainable growth cycle. Los Chancas - Apurimac: This greenfield project, located in Apurimac, Peru, is a copper and molybdenum porphyry deposit. 8-K - Results of Operations and Financial Condition, Source: Silver ? This scenario has been compounded by increases in costs for fuel, power and some other operating materials due to inflation. Investors can capitalize on this by using the Zacks Rank. Operating cash cost per pound of copper produced before by-product revenues and Operating cash cost per pound of copper produced net of by-product revenues. . Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. EBITDA and adjusted EBITDA do not represent, and should not be considered an alternative to, net income, operating income, or cash flow from operations as those terms are defined by GAAP, and do not necessarily indicate whether cash flows will be sufficient to fund cash. Investor Relations Manager in Temple, TX. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the . See the company profile for Southern Copper Corporation (SCCO) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and their compensation. Southern Copper Corporation (NYSE and BVL: SCCO). Following is a reconciliation of adjusted EBITDA to Net Income attributable to SCC and Operating Cash Cost before by-product revenues and Operating Cash Cost net of by-product revenues to their more comparable GAAP measure: EBITDA (earnings before interest, taxes, depreciation and amortization) is a measure commonly used by companies to evaluate operating performance and the ability to generate cash. The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by . Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. And if earnings estimates go up for a company, the fair value for its stock goes up. Written by With us this morning, we have Southern Copper Corporation, Mr. Raul Jacob, Vice President, Finance, Treasurer and CFO, who will discuss, Southern Copper Corporation (NYSE and LSE: SCCO) will conduct its 2Q-2022 conference call with the financial community on Wednesday, July 26, 2022, FOLLOW US ON OUR SOCIAL NETWORKSLEGAL | CONTACT US, SITE MAP - SUPPLIERS - JOB OPPORTUNITIES - PRESS RELEASESSUBSCRIBE AND RECEIVE OUR PRESS RELEASES | COPYRIGHT 2020 GRUPO MXICO |. In a context impacted by a drop in copper prices, we registered a significant mark-to-market adjustment to open sales. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years . In that report, analysts expect Southern Copper to post earnings of $1.08 per share. Our Operating cash cost per pound of copper produced before by-product revenues allows us and our investors to monitor our cost structure and helps us address operating management areas of concern. The Company has started the baseline study and is reviewing the basic engineering analysis to request the environmental impact permit. This has outpaced the Basic Materials sector's gain of 5.7% and the S&P 500's loss of 0.01% in that time. In 2021, the Company signed a Social Agreement with the Michiquillay and the Enca?ada Communities and, on October 1, 2021, the Peruvian Ministry of Energy and Mines approved the semi-detailed Environmental Impact Study for the project. Southern Copper is graded F on this front, indicating that it is trading at a premium to its peers. Within the past 30 days, our consensus EPS projection remained stagnant. Its copper oxide mineralization contains estimated proven and probable reserves of 317 million tons of ore with an average copper grade of 0.249%. CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW. . Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.55% if the stock gets called away at the April 21st expiration (before broker commissions). Follow us on social networks. We will make it a priority to hire local labor to fill the 9,000 jobs that we expect to generate during Tia Maria?s construction. Management believes adjusted EBITDA enhances the comparability of information across reporting periods, is an effective measure for reviewing operating results and, therefore, is a useful measure for both management and investors. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. Southern Copper (SCCO Quick Quote SCCO - Free Report) closed at $58.50 in the latest trading session, marking a -1.78% move from the prior day.This change was narrower than the S&P 500's 1.9% loss . 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We believe Southern Copper is well positioned to leverage our strengths in a environment! Trading and investment policies be provided a dial-in number and a personal confirmation PIN will be available throughout the during... Research shows that these estimate revisions are directly correlated with near-term share price momentum, it is trading at premium!
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