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. It is necessary to register in the following link: https://register.vevent.com/register/BI0cb5b8c29d0a4bce9030177f99019cc6. From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. 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. Investor Relations Manager in Temple, TX. placement: 'Mid Article Thumbnails', The put contract at the $75.00 strike price has a current bid of $4.20. The management is planning to increase . The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. 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. The average capital expenditures over the last five years have been around $1 billion. Investor Relations: Raul Jacob Vctor Pedraglio +(602) 264-1375 southerncopper@southernperu.com.pe . Southern Copper Corp (SCCO) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019 . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Southern Copper Corporation's rating increased by 22% in the 2021 Corporate Sustainability Assessment of S&P Global. 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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Performs data entry in our CRM database and develops campaign lists as Investor Relations Manager in Grand Rapids, MI. Counsel: N/A: N . Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. Should the covered call contract expire worthless, the premium would represent a 5.54% boost of extra return to the investor, or 21.74% annualized, which we refer to as the YieldBoost. When developed, we expect Michiquillay to produce 225,000 tons of copper per year (along with by-products of molybdenum, gold and silver) for an initial mine life of more than 25 years and at a competitive cash-cost. 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 holding a Zacks Rank of #1 (Strong Buy) right now. What does an Investor Relations Manager do at companies like SOUTHERN COPPER CORP? These results were mainly due to higher production costs and the unit cost effect generated by a 12.1% decrease in pounds of copper produced. April 28, 2022. In 2Q22, we spent $224.6 million on capital investments,which reflected a 2.2% increase over the figure reported in 2021 and represented 51.9% of net income this quarter. Quoting the Chairman of our Board of Directors in the letter that accompanies the 2021 Sustainable Development Report of our holding, Grupo Mexico: "A business model focused on responsible and transparent management in the social, economic and environmental spheres are essential to guarantee sustainable development." What is Southern Copper's dividend payout ratio? A high-level overview of Southern Copper Corporation (SCCO) stock. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). The company's low-cost position on the . As of today, these illegal miners are working in the zone. So, it's important to know a company's potential revenue growth. Mr. German Larrea, Chairman of the Board, commenting on the Company?s progress and current circumstances, said: ?We believe the economic slowdowns in the U.S., China and Europe have temporarily weakened the demand for copper and are driving reductions in current prices. Copy and paste multiple symbols separated by spaces. 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. At Stock Options Channel, our YieldBoost formula has looked up and down the SCCO options chain for the new April 21st contracts and identified one put and one call contract of particular interest. To read this article on Zacks.com click here. For the current and next fiscal years, $9.71 billion and $9.44 billion estimates indicate -11.2% and -2.8% changes, respectively. Zacks Equity Research for 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 |. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. These stocks will be looking to continue their solid performance. During the second quarter of 2022, the Maritime Terminal of Guaymas, Mexico received ISO 45001 certification and the Charcas unit in Mexico became the first of our underground mines to obtain ISO 14001 certification. 2021 Annual Report PDF. MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. COMEX; Gold and Zinc ? Corporate access is weighed differently depending on the investors models and investment policies. This company could rival or surpass other recent Zacks Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. View all. in a fast changing market we have the experience to adapt to our customers needs. View Presentation. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. BNK Invest->. In that report, analysts expect Southern Copper to post earnings of $0.79 per share. Written by We developed the Zacks Rank to capitalize on this phenomenon. You must click the activation link in order to complete your subscription. BNK Invest for April 27, 2021. . In terms of valuation, Southern Copper is currently trading at a Forward P/E ratio of 11.57. Now the key question is: Where could the stock be headed in the near term? The Company produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. The current incarnation of Southern Copper can be traced to the 2005 acquisition of Southern Peru Copper Corporation by the Mexican copper producer Minera Mxico.. 88.9 percent of Southern Copper is owned by Mexican mining conglomerate Grupo Mxico (per proxy statement dated March 27, 2018) . The EPS surprise was +21.82%. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Third Quarter Earnings Call. Compensation data tools, salary structures, surveys and benchmarks. To an investor already interested in purchasing shares of SCCO, that could represent an attractive alternative to paying $77.66/share today. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. Company Name: Southern Copper Corporation, Stock markets: New York Stock Exchange and Lima Stock Exchange, Economic Group: We are indirectly part of Grupo Mxico S.A.B. Click the button below to request a report when hardcopies become available. Terms and Conditions Dun & Bradstreet Holdings, Inc. (NYSE: DNB) is a leading global provider of business decisioning data and analytics. These totals would mark changes of -5.69% and +1.63%, respectively, from last year. These events are important steps that will allow Southern Copper to initiate an in-depth exploration program in the third quarter of 2022. The Southern Copper Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. For the next fiscal year, the consensus earnings estimate of $3.04 indicates a change of +0.2% from what Southern Copper is expected to report a year ago. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. It owns mining assets with 70 years of mining ahead, and its mining costs are among the lowest in the industry. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Enfocarnos en la produccin de cobre, el control de costos, la mejora de la produccin y el mantenimiento de una estructura de capital prudente para continuar siendo rentables a lo largo de todo el ciclo de precios. Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 24.87 right now. The budget for Pilares is $159 million of which we have invested $80.9 million as of June 30, 2022. As of June 30, 2022, December 31, 2021 and June 30, 2021 there were 773.1 million shares outstanding. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Victor Pedraglio +(602) 264-1375 . We expect to initiate operations in 2H23. The remaining 63 million will be for community use. An assistant investor relations manager would need at least a few years of experience in order to be successful at the position. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Our quarterly financial results have been impacted by some unusual circumstances. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. A wealth of resources for individual investors is available at www.zacks.com. _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. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . The dam will have a total capacity of 73 million cubic meters, of which the Company will use a maximum of 10 million cubic meters. The program included more than 26,000 meters of drilling completed in 41 drill holes at the company's MPD project in southern British Columbia. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $75.00, but will also collect the premium, putting the cost basis of the shares at $70.80 (before broker commissions). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. DESCARGAR NOTA COMPLETA, Las ventas netas del 1T21 fueron $2,532.5 millones, que representaron un aumento de 47.3% sobre las ventas netas del 1T20 de $1,719.7 millones. 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, 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. Investor Relations and Corporate Communications Telephone: 604-682-2992 Email: Tom.Halton@CuMtn.com . INVESTOR RELATIONS: Genaro Guerrero Daz Mercado T. +52 55 5246 37 00 Ext. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. These recent revisions tend to reflect the evolving nature of short-term business trends. _taboola.push({ Type a symbol or company name. At the end of June the project has all the required permits for exploration activities. and a cash cost after by-product credits of USD0.69/lb during the first nine months of 2020. Net sales were also negatively impacted by the accounting adjustment of $173.5 million for a price variation on sales made and not yet collected. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. Its. Source: SCCO Investor Relations. 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