Southern Copper's Q3 Earnings Beat Estimates on High Volumes [Yahoo! Finance]
Southern Copper Corporation (SCCO)
Last southern copper corporation earnings: 2/26 04:01 pm
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US:NYSE Investor Relations:
southernperu.com/eng/invrel
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Source: Yahoo! Finance
The bottom line marked a 46% improvement from the year-ago quarter, mainly driven by higher sales volumes for copper, molybdenum, silver and zinc and higher prices for all metals (except molybdenum). SCCO's strict cost control efforts also contributed to the earnings improvement. SCCO reported net sales of $2.9 billion, up 17% from the year-ago quarter, driven by higher sales volumes of all its products. The figure missed the consensus estimate of $2.94 billion. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Southern Copper reported a 50.1% year-over-year surge in zinc sales volumes. Molybdenum volumes were up 5.7%, silver volumes improved 19% and copper sales volumes were up 7.7%. The rise in sales volumes as well as higher prices for copper (10%), zinc (14.5%) and silver (24.7%) also drove the increase in sales. Meanwhile, molybdenum prices were down 8%. The cost of sales rose 4% year over year to $1.22 billion. Total operating costs were up 3% year
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News
- Southern Copper (SCCO) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- Why Southern Copper (SCCO) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- Southern Copper Co. (NYSE: SCCO) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $102.00 price target on the stock, down previously from $106.30.MarketBeat
- Southern Copper Co. (NYSE: SCCO) was upgraded by analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating. They now have a $92.50 price target on the stock.MarketBeat
- Southern Copper Co. (NYSE: SCCO) had its price target lowered by analysts at Scotiabank from $54.00 to $52.00. They now have a "sector underperform" rating on the stock.MarketBeat
SCCO
Earnings
- 10/21/24 - Beat
SCCO
Sec Filings
- 11/20/24 - Form 4
- 10/31/24 - Form 10-Q
- 10/24/24 - Form 4
- SCCO's page on the SEC website