This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. From starting in a laundry room to a multi-building permanent location. Use constitutes acceptance of General Website This website is provided as is without any representations or warranties, express or implied. Fintel is a registered trademark. TOP COPPER PRODUCERS . Investor Relations Southern Copper Corp SCCO Dividends . 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. Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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 |. Jul 6, 2022 06:00PM EDT In the latest trading session, Southern Copper (SCCO) closed at $48.76, marking a +1.88% move from the previous day. The Investor Relations website contains information about Lifecore Biomedical's business for stockholders, potential investors, and . This would mark a year-over-year decline of 26.85%. Our strong financial position, low cash cost, operating costs efficiency programs and our significant copper reserve will help us weather both current and eventual circumstances. | Privacy Statement Of course, a lot of upside could potentially be left on the table if SCCO shares really soar, which is why looking at the trailing twelve month trading history for Southern Copper Corp, as well as studying the business fundamentals becomes important. Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Want the latest recommendations from Zacks Investment Research? Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375: October 27, 2022. . 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. Southern Copper is holding a Zacks Rank of #4 (Sell) right now. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. . For Southern Copper, the consensus sales estimate for the current quarter of $2.48 billion indicates a year-over-year change of -12.2%. As of June 30, 2022, December 31, 2021 and June 30, 2021 there were 773.1 million shares outstanding. The budget for Pilares is $159 million of which we have invested $80.9 million as of June 30, 2022. . Copy and paste multiple symbols separated by spaces. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Zacks Equity Research for 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. SCCO's industry had an average PEG ratio of 0.82 as of yesterday's close. At the end of June the project has all the required permits for exploration activities. MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. Environmental, Social & Governance (ESG) Investment. The Los Chancas project envisions an open-pit mine with a combined operation of concentrator and SX-EW processes to produce 130,000 tons of copper and 7,500 tons of molybdenum annually. 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. The Company expects strong action from the authorities to restore the lands to the Company so that it can continue to develop the project. Compared to the Zacks Consensus Estimate of $2.32 billion, the reported revenues represent a surprise of -6.96%. Type a symbol or company name. Type a symbol or company name. Victor Pedraglio +(602) 264-1375 . The average salary for Chief Investor Relations Officer at companies like SOUTHERN COPPER CORP in the United States is $348,900 as of November 23, 2022, but the range typically falls between $306,800 and $404,800. July 28, 2022. The expected contribution of by-products is generally a significant factor used by the copper industry in determining whether to move forward with the development of a new mining project. Nombre de la Empresa: Southern Copper Corporation, Mercados de acciones: Bolsa de Nueva York y la Bolsa de Valores de Lima, Listando en Bolsa de Nueva York desde: 1996, Grupo Econmico: Indirectamente somos parte de Grupo Mxico S.A.B. Faraday trades on the TSX under the symbol 'FDY'. SOUTHERN COPPER CORPORATION - Minera Mxico - Southern Peru ASARCO (USA) MINERA LOS FRAILES (Spain) OPERATIONS. Compensation data tools, salary structures, surveys and benchmarks. container: 'taboola-mid-article-thumbnails', Basic engineering study is finished and the Company continues developing the project and site environmental activities. Now the key question is: Where could the stock be headed in the near term? Certification of our environmental and occupational health and safety management systems allows the Company to reinforce a preventive culture that is aligned with best international practices. 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. These symbols will be available throughout the site during your session. 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. 21-025 Equipos en desuso: camiones, camionetas, gras, montacargas, mnibus, otros. Kodiak Copper Corp. (TSX-V:KDK) CEO Claudia Tornquist has released a letter to shareholders, highlighting the company's biggest exploration program to date in 2022. After submitting your request, you will receive an activation email to the requested email address. Tia Maria - Arequipa: Southern Copper has been consistently working to promote the welfare of the population of the Islay province. Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). The EPS surprise was +21.82%. 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. Written by It is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce anode copper; and refining of anode copper to produce copper cathodes, as well as refined. Free: See Our Top Stock and 4 Runners Up >>, Southern Copper Corporation (SCCO): Free Stock Analysis Report. This new consensus was reflected in an agreement for Social Investment for Taxes for projects relative to health facilities and roads. The remaining 63 million will be for community use. In order to continue with the project, stronger preventive measures to combat COVID-19 have been put in place. Additionally, from day one of our operations, we will generate significant contributions to revenues in the Arequipa region. This is so SCS can achieve the goals set forth for both its family of employees and customers. Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. Southern Copper (SCCO) closed at $77.06 in the latest trading session, marking a +1.8% move from the prior day. Investors can capitalize on this by using the Zacks Rank. Do Not Sell My Personal Information (CA Residents Only). The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. In that report, analysts expect Southern Copper to post earnings of $1.08 per share. We expect to initiate operations in 2H23. The stock outpaced the S&P 500's daily gain of 0.36%. Below is a chart showing SCCO's trailing twelve month trading history, with the $80.00 strike highlighted in red: !function (e, f, u) { Shareowner Services Contact and a cash cost after by-product credits of USD0.69/lb during the first nine months of 2020. If you require advice in relation to any financial matter you should consult an appropriate professional. Investor Relations Manager in Temple, TX. The Company?s second quarter earnings conference call will be held on Wednesday July 27, 2022, beginning at 10:00 AM ? Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Mang. . The company topped consensus revenue estimates two times over this period. In that report, analysts expect Southern Copper to post earnings of $0.79 per share. Over the last four quarters, Southern Copper surpassed consensus EPS estimates two times. On May 31, 2022, a group of people attacked the project mining camp, causing a fire and completely destroyed the installations. Our mission is to deliver a global network of trust, enabling clients to transform uncertainty into confidence, risk into opportunity and potential into prosperity. The Company has started the baseline study and is reviewing the basic engineering analysis to request the environmental impact permit. }(document.createElement('script'), document.getElementsByTagName('script')[0], '//cdn.taboola.com/libtrc/nasdaq-nasdaq/loader.js'); Last Reported Results and Surprise History. The project includes an open-pit mine combining concentrator and SX-EW operations. An assistant investor relations manager would need at least a few years of experience in order to be successful at the position. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term. This scenario has been compounded by increases in costs for fuel, power and some other operating materials due to inflation. These symbols will be available throughout the site during your session. Written by In addition, because not all companies use identical calculations, the measures included in this release may not be comparable to similarly titled measures of other companies. Investors will be hoping for strength from Southern Copper as it approaches its next earnings release. Southern Copper Corp. does not currently have any hardcopy reports on AnnualReports.com. Q4 Results In the last reported quarter, Southern Copper's earnings. 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 . Southern Copper's Quality Management System offers support in improving the business practices employed. The Southern Copper Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. 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 . You can sign up for additional alert options at any time. of Financial Planning & Investor Relations: N/A: N/A: N/A: Mr. Andres Carlos Ferrero Ghislieri: Gen. We aim to improve our sustainability management and performance to ensure that we maintain and continuously improve our sustainability ratings. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). Today, you can download 7 Best Stocks for the Next 30 Days. We reiterate our view that the initiation of construction activities at Tia Maria will generate significant economic opportunities for the Islay province and the Arequipa region. . Source: SCCO Investor Relations. In the fourth quarter of last year, the London Metal Exchange copper price increased from an average of $3.25 per pound in the fourth quarter of 2020 to $4.40, that is a 35% increase. These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Michiquillay is a world class mining project with inferred mineral resources of 2,288 million tons with an estimated copper grade of 0.43%. BNK Invest for Our mission is to extract mineral resources to transform and commercialize them satisfying the market needs, fulfilling our social and environmental responsibility and maximizing the creation of value for our shareholders. Zacks->. Sitemap; Vendors / Suppliers; Job Opportunities; The dividend payout ratio for SCCO is: 60.06% based on the trailing year of earnings 65.79% based on this year's estimates 65.79% based on next year's estimates 36.78% based on cash flow This page (NYSE:SCCO) was last updated on 1/15/2023 MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Find the latest Southern Copper Corporation (SCCO) stock quote, history, news and other vital information to help you with your stock trading and investing. 2021 Annual Report. Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. (obras por impuestos) mechanism. In this scenario, we believe the current cycle of low prices should be short-lived. A wealth of resources for individual investors is available at www.zacks.com. If we include the up-and-coming Michiquillay ($2.5 billion) and Los Chancas ($2.6 billion) projects, our total investment program in Peru reflects a commitment of $7.9 billion. Its copper oxide mineralization contains estimated proven and probable reserves of 317 million tons of ore with an average copper grade of 0.249%. It is also important to note the recent changes to analyst estimates for Southern Copper. As the price of our by-product commodities can have significant fluctuations from period to period, the value of its contribution to our costs can be volatile. This distinction recognizes SCC?s responsible production of essential raw materials; environmental preservation efforts; and the economic benefits and support it provides to bolster the well-being of workers and their families. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Southern Copper Corp. does not currently have any hardcopy reports on AnnualReports.com. Los Chancas - Apurimac: This greenfield project, located in Apurimac, Peru, is a copper and molybdenum porphyry deposit. 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. We are a world-class mining-metallurgical company, producer of copper and other valuable byproducts. Zacks->. The average salary for Investor Relations Director at companies like SOUTHERN COPPER CORP in the United States is $221,262 as of September 26, 2022, but the range typically falls between $190,514 and $255,624. Pilares ? From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. The remaining 11.1% ownership interest is held by the international investment community. Terms and Conditions This would mark a year-over-year decline of 10.74%. de C.V." Productos Principales: Cobre, Molibdeno, Plata y Zinc Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $87,471 to $129,550 with the average total cash compensation of $107,436. Within the past 30 days, our consensus EPS projection remained stagnant. Q3. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Create your Watchlist to save your favorite quotes on Nasdaq.com. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. southerncopper@southernperu.com.pe. Its. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Given the current Peruvian economic situation, it is crucial to move ahead on projects that will stimulate a sustainable growth cycle. TRANSPORTATION. In addition to the risks and uncertainties noted in this news release, there are certain factors that could cause results to differ materially from those anticipated by some of the statements made. 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. 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. 875 Yeager Parkway Pelham, Alabama 35124. Archived Events. This valuation marks a premium compared to its industry's average Forward P/E of 5.33. Quarterly results were also affected by a 25,624-tonne decrease in copper production at our Peruvian operations, which was mainly attributable to the stoppage at Cuajone and lower ore grades. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Written by 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. Coming into today, shares of the miner had lost 26.24% in the past month. Copy and paste multiple symbols separated by spaces. 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. 3885 What does an Investor Relations Manager do at companies like SOUTHERN COPPER CORP? Create your Watchlist to save your favorite quotes on Nasdaq.com. Southern Copper Corporation SCCO is expected to release first-quarter 2021 results, before the opening bell on Apr 26. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.14 per share and revenue of $11.11 billion. S&P Global has recognized SCC?s sustainability efforts by including it in a new index, S&P/BVL Peru General ESG, as of April of this year. Want the latest recommendations from Zacks Investment Research? The results from experimental pads in the leaching process have confirmed adequate levels of copper recovery. Southern Company. Our quarterly financial results have been impacted by some unusual circumstances. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 1.1%. in a fast changing market we have the experience to adapt to our customers needs. Below is a chart showing the trailing twelve month trading history for Southern Copper Corp, and highlighting in green where the $75.00 strike is located relative to that history: Turning to. View Presentation. The average capital expenditures over the last five years have been around $1 billion. Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. As of June 30, 2022, we had invested $264.9 million in this project. Southern Company Reports Third Quarter Earnings. Construction site works are in progress. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . The Company is a NYSE and Lima Stock Exchange listed company that is 88.9% owned by . In preparation for upcoming drilling, the Company has mobilized field crews to the property for mapping, sampling and . Performs data entry in our CRM database and develops campaign lists as Investor Relations Manager in Grand Rapids, MI. By providing your email address below, you are providing consent to The Southern Company to send you the requested Investor Email Alert updates. For the current fiscal year, the consensus earnings estimate of $3.04 points to a change of -30.8% from the prior year. 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. 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. Today, that discovery is still the heart of the Zacks Rank. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The base salary for Investor Relations Manager in companies like SOUTHERN COPPER CORP range from $129,787 to $183,205 with the average base salary of $161,419. This rating, which reflects a continuous upward trend, earned us a place in the Dow Jones Sustainability Index for the . The Mining - Non Ferrous industry is part of the Basic Materials sector. These stocks will be looking to continue their solid performance. Faraday Copper Corp. E-mail: info . When completed, this new facility will double the Company?s zinc production capacity and provide 490 direct jobs and 1,470 indirect jobs. Meanwhile, our latest consensus estimate is calling for revenue of $2.48 billion, down 12.19% from the prior-year quarter. As part of these efforts, we have implemented successful social programs in education, healthcare and productive development to improve the quality of life in the region. Southern Copper Corporation's rating increased by 22% in the 2021 Corporate Sustainability Assessment of S&P Global. 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 Type a symbol or company name. Investor Relations & Communications. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. 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. Southern Copper Corporation is one of the best copper miners out there. In 2021, SPCC fortified its relation with the regional government and successfully overcame its opposition to project initiation. 3Q22 Earnings Package. 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. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. It is important to emphasize that copper plays a leading role in the global shift to clean energy, which correlates positively with our assertion that the underlying demand for copper will be strong in the long-term. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. We anticipate that El Pilar will operate as a conventional open-pit mine with an annual production capacity of 36,000 tons of copper cathodes. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $152,458 to $218,472 with the average total cash compensation of $180,767.