Southern Copper (SCCO) Outperforms Market Gains: What You Need to Know
Southern Copper (SCCO) closed at $ 64.42 on the last trading session, marking a movement of +1.19% from the previous day. The stock topped the S&P 500 daily gain by 0.33%.
Prior to today, the miner’s shares had lost 7.99% in the past month, behind the 3.78% loss in the basic materials sector and the 1.74% gain in the S&P 500 during that month. period.
SCCO will look to show some strength as the next release of its results approaches. In this report, analysts expect SCCO to post earnings of $ 1.09 per share. That would mark year-over-year growth of 220.59%. Our most recent consensus estimate projects quarterly revenue of $ 2.55 billion, up 42.62% from the previous year.
SCCO’s Zacks consensus estimates for the full year project earnings of $ 4.49 per share and revenue of $ 10.44 billion. These results would represent year-over-year variations of + 121.18% and + 30.78%, respectively.
Investors should also note any recent changes in analyst estimates for SCCO. These revisions help show the ever-changing nature of short-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. Investors can take advantage of this by using the Zacks ranking. This model takes into account these changes in estimate and provides a simple and workable scoring system.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks Rank system has a proven and externally verified track record of outperformance, with # 1 stocks returning an average of + 25% per year since 1988. At 30 days, our consensus EPS forecast has increased 1.89%. SCCO is currently a Zacks Rank # 1 (strong buy).
In view of its valuation, SCCO has a forward P / E ratio of 14.17. This valuation marks a discount compared to the average Forward P / E for its sector of 15.78.
Additionally, it should be mentioned that SCCO has a PEG ratio of 0.76. The PEG ratio is similar to the widely used P / E ratio, but this metric also takes into account the expected profit growth rate of the company. Mining – Non-ferrous stocks have, on average, a PEG ratio of 0.59 based on yesterday’s closing prices.
The Mining – Non-Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 41, which places it in the top 17% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
To follow SCCO in future trading sessions, be sure to use Zacks.com.