Southern Copper (SCCO) closed the most recent trading day at $167.21, moving -1.5% from the previous trading session. This change lagged the S&P 500's 0.28% loss on the day. Elsewhere, the Dow lost 1.09%, while the tech-heavy Nasdaq added 0.2%.
Heading into today, shares of the miner had lost 3.09% over the past month, lagging the Basic Materials sector's loss of 3.01% and the S&P 500's gain of 1.64%.
Analysts and investors alike will be keeping a close eye on the performance of Southern Copper in its upcoming earnings disclosure. In that report, analysts expect Southern Copper to post earnings of $1.9 per share. This would mark year-over-year growth of 55.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.26 billion, up 39.64% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.62 per share and revenue of $16.69 billion, indicating changes of +45.42% and +24.4%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Southern Copper. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5% higher. As of now, Southern Copper holds a Zacks Rank of #3 (Hold).
Investors should also note Southern Copper's current valuation metrics, including its Forward P/E ratio of 22.29. This denotes a discount relative to the industry average Forward P/E of 22.58.
It is also worth noting that SCCO currently has a PEG ratio of 1.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Non Ferrous industry currently had an average PEG ratio of 1.29 as of yesterday's close.
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Southern Copper Corporation (SCCO): Free Stock Analysis Report
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