What does an Investor Relations Manager do at companies like SOUTHERN COPPER CORP? 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). We remain fully committed to creating added value and positive impacts for our shareholders and for all the communities where we operate.? placement: 'Mid Article Thumbnails', Investors in Southern Copper Corp (Symbol: SCCO) saw new options begin trading today, for the April 21st expiration. Request Information Older/Archived Annual Reports 2020 Annual Report View Annual Report Download 2019 Annual Report View Annual Report Download In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. As mentioned above, our financial results this quarter have been impacted by unusual circumstances. The estimated capital investment is $2,600 million and the project is expected to begin operating in 2027. INVESTOR RELATIONS: Genaro Guerrero Daz Mercado T. +52 55 5246 37 00 Ext. Q4 Results In the last reported quarter, Southern Copper's earnings. Create your Watchlist to save your favorite quotes on Nasdaq.com. Its copper oxide mineralization contains estimated proven and probable reserves of 317 million tons of ore with an average copper grade of 0.249%. Vancouver, British Columbia--(Newsfile Corp. - January 9, 2023) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1).Dear Fellow Investors:As we start this new year, we look forward to building on the accomplishments of 2022, a year that saw Kodiak execute the biggest exploration program to date at our 100% owned MPD project located in southern British Columbia. 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. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term. Current estimates of indicated copper mineral resources are 98 million tons of oxides with a copper content of 0.45% and 52 million tons of sulfides with a copper content of 0.59%. These totals would mark changes of -5.69% and +1.63%, respectively, from last year. 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. With Quality before Quantity as a core belief, Southern Copper is continually improving its processes to better serve its customers and employees. Below is a chart showing SCCO's trailing twelve month trading history, with the $80.00 strike highlighted in red: !function (e, f, u) { While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. This would mark a year-over-year decline of 26.85%. 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. . Source: SCCO Investor Relations. Nothing on this website constitutes, or is meant to constitute, advice of any kind. This scenario has been compounded by increases in costs for fuel, power and some other operating materials due to inflation. 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. The current TTM dividend payout for Southern Copper (SCCO) as of December 30, 2022 is $2.00. Southern Copper Corporation (NYSE and BVL: SCCO). Click to get this free report, Southern Copper Corporation (SCCO) : Free Stock Analysis Report. Coming into today, shares of the miner had lost 26.24% in the past month. The company topped consensus revenue estimates two times over this period. Contact: Stacey Pavlova, CFA. In that same time, the Basic Materials sector lost 25.75%, while the S&P 500 lost 6.59%. 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. 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. MOST EXTENSIVE RAILROAD COVERAGE IN MEXICO AND IN TWO OF THE MOST IMPORTANT US STATES INFRASTRUCTURE. This model considers these estimate changes and provides a simple, actionable rating system. 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. Type a symbol or company name. 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. How can we help? Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. The Company?s second quarter earnings conference call will be held on Wednesday July 27, 2022, beginning at 10:00 AM ? 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. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. This news release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. This website is provided as is without any representations or warranties, express or implied. Copy and paste multiple symbols separated by spaces. Given the current Peruvian economic situation, it is crucial to move ahead on projects that will stimulate a sustainable growth cycle. Investors can capitalize on this by using the Zacks Rank. Written by In February, 2022, a group of illegal miners occupied part of the lands of the project and started to produce copper with a low scale artisan process. El Pilar ? The role will interact with investors and analysts as a professional ambassador for the Group as required and take a lead role in developing the financial metrics used to present future M&A opportunities to market. From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Our mission is to deliver a global network of trust, enabling clients to transform uncertainty into confidence, risk into opportunity and potential into prosperity. After submitting your request, you will receive an activation email to the requested email address. Date Type Title; Oct 31, 2022: 10-Q: Quarterly Report You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The company's low-cost position on the . Copy and paste multiple symbols separated by spaces. CNN's Jim Acosta said he still had "marks on my back" from his time serving as White House correspondent during former President Donald Trump's administration. We are a world-class mining-metallurgical company, producer of copper and other valuable byproducts. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 93 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. Find the latest Southern Copper Corporation (SCCO) stock quote, history, news and other vital information to help you with your stock trading and investing. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. 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. 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. For comparison, its industry has an average Forward P/E of 15.06, which means Southern Copper is trading at a premium to the group. Investors will be hoping for strength from Southern Copper as it approaches its next earnings release. Copy and paste multiple symbols separated by spaces. The project includes an open-pit mine combining concentrator and SX-EW operations. 14 underground and open pit mines 52 smelters, refineries and other plants . Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . 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 . 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." | Privacy Statement Written by BNK Invest->. 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. We developed the Zacks Rank to capitalize on this phenomenon. Corporate access is weighed differently depending on the investors models and investment policies. 875 Yeager Parkway Pelham, Alabama 35124. As of June 30, 2022, December 31, 2021 and June 30, 2021 there were 773.1 million shares outstanding. Do Not Sell My Personal Information (CA Residents Only). Construction site works are in progress. 2021 Annual Report Interactive Website. Investor Relations Manager in Atlantic City, NJ. 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. And if earnings estimates go up for a company, the fair value for its stock goes up. We expect the Peruvian government to continue to acknowledge the significant progress the project has made on the social front and the important contributions that Tia Maria will generate for Peru?s economy and, consequently, take the necessary steps to provide SCC with adequate support to initiate construction. 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. . For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. BNK Invest Inc. provides investment services and information. 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. EPS of $0.67 for the same period compares with $1.12 a year ago. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. Our adjusted EBITDA is not necessarily comparable to similar measures used by other companies. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. The Mining - Non Ferrous industry is part of the Basic Materials sector. Southern Company reports first-quarter 2022 earnings. 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. 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. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. 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. 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. Investor Relations: Raul Jacob Victor Pedraglio +(602) 264-1375 . 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. The dam, if built, will require a much higher investment than the $100 million budget planned for the desalinization plant. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. These events are important steps that will allow Southern Copper to initiate an in-depth exploration program in the third quarter of 2022. Southern Copper reported revenues of $2.16 billion in the last reported quarter, representing a year-over-year change of -19.6%. The Southern Copper Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. This index is the first of its kind in the Peruvian market and recognizes a total of 17 companies that meet high standards for environmental, social and governance management. 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. Its a little-known chemical company thats up 65% over last year, yet still dirt cheap. }(document.createElement('script'), document.getElementsByTagName('script')[0], '//cdn.taboola.com/libtrc/nasdaq-nasdaq/loader.js'); The put contract at the $75.00 strike price has a current bid of $4.20. These symbols will be available throughout the site during your session. This rating, which reflects a continuous upward trend, earned us a place in the Dow Jones Sustainability Index for the . 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.82 billion, down 2.68% from the year-ago period. 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. Investor Relations & Communications. 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. Zacks->. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. This would mark a year-over-year decline of 10.74%. These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. 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. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. Free: See Our Top Stock and 4 Runners Up >>, Do Not Sell My Personal Information (CA Residents Only). This is a significant step in our pledge to a robust and strong ESG performance. Investor Relations Southern Copper Corp PCU Stock Quote Morningstar Rating . Michiquillay will become one of Peru?s largest copper mines and will create significant business opportunities in the Cajamarca region; generate new jobs for the local communities; and contribute with taxes and royalties to the local, regional and national governments. The remaining 63 million will be for community use. Company profile for Southern Copper Corporation (SCCO) with a description, list of executives, contact details and other key facts. These symbols will be available throughout the site during your session. Southern Copper is holding a Zacks Rank of #1 (Strong Buy) right now. Los Chancas - Apurimac: This greenfield project, located in Apurimac, Peru, is a copper and molybdenum porphyry deposit. 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 In that report, analysts expect Southern Copper to post earnings of $1.08 per share. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. Southern Company reports second-quarter 2022 earnings. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries. Southern Copper Corp (SCCO) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019 . 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. container: 'taboola-mid-article-thumbnails', SOUTHERN COPPER CORP Investor Relations Manager, Analyst, Investor Services | PGIM Real Estate (Hybrid), Senior Manager External Communications, Florham Park, NJ, Entry Level Assistant Manager Needed for New Office Expansion, Associate Marketing Manager, Corporate Sector & Strategic Products, Investor Relations Manager Salaries with a Bachelor's Degree, Investor Relations Manager Salaries with a Master's Degree or MBA, Investor Relations Manager Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. Nuestra misin es extraer recursos minerales, para transformarlos y comercializarlos satisfaciendo las necesidades del mercado, cumpliendo con nuestra responsabilidad social y ambiental, y maximizando la creacin de valor para nuestros accionistas. 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