Southern Copper Corporation

Southern Copper Corporation

SCCO

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Market Cap$152.44B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Southern Copper CorporationSouthern Copper Corporation26.82.03%45%9.80.7

Earnings Call Q3 2024

October 23, 2024 - AI Summary

Strong Copper Production Increase: Southern Copper reported an 11% increase in copper production for Q3 2024, totaling 252,219 tons, driven by enhanced operations in Peru and Mexico. The company expects to produce 975,000 tons of copper in 2024, marking a 7% increase from 2023. For 2025, copper production is projected to be slightly lower at 978,300 tons, reflecting stable operational capabilities.
Positive Financial Performance: Sales surged 17% year-over-year to $2.9 billion in Q3 2024, largely due to a 21% increase in copper sales value. Net income for Q3 2024 reached $897 million, a 45% increase from Q3 2023, driven by higher copper prices and effective cost control measures. The adjusted EBITDA margin improved to 57% from 52% in the previous year.
Increased Cash Costs and by-product credits: The operating cash cost including by-product credits was $0.76 per pound for Q3 2024, stable relative to the previous quarter. However, cash cost before by-product credits was reported at $1.95 per pound, showing a slight decline, but costs are expected to remain around this level in 2024 and 2025. By-product credits decreased by 11% due to lower prices for molybdenum and silver.

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$158.00

Target Price by Analysts

15% downsideSouthern Copper Target Price DetailsTarget Price
$76.77

Current Fair Value

58.7% downside

Overvalued by 58.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$152.44 Billion
Enterprise Value$156.01 Billion
Dividend Yield$3.70 (2.03%)
Earnings per Share$5.24
Beta1.12
Outstanding Shares829,100,000

Return

Return on Equity44.86%ROE
Return on Assets23.49%
Return on Invested Capital41.08%

Valuation & Multiples

P/E Ratio26.75P/E Ratio
PEG37.38PEG
Price to Sales9.78Price to Sales
Price to Book Ratio12.39Price to Book Ratio
Enterprise Value to Revenue9.88
Enterprise Value to EBIT17.26
Enterprise Value to Net Income27
Total Debt to Enterprise0.06
Debt to Equity0.73Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 29, 2026
EPS Estimate
$1.97
Average shareholder expectation
Revenue Estimate
$4.32 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$1.97
Average shareholder expectation
Revenue Estimate
$4.32 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 174.58%
Total Calls23,700 98.27%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %0.56% 8.82%
Total Invested$804.82M 93.92%
Investors Holding301 563.00%

ESG Score

No data

About Southern Copper Corporation

CEO: Oscar Gonzalez Rocha

Relevant Senate Committees

Joint Committee on Taxation

This committee provides critical analysis and revenue estimates for all tax legislation, directly shaping the corporate tax burden and financial strategies for companies like Southern Copper.

Finance

This powerful committee controls taxation and trade policy, directly impacting corporate profitability, capital investment, and global market access for Southern Copper's products.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC, which regulates futures and derivatives markets, directly influencing the pricing and hedging strategies for copper and other mined commodities.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands, and mineral leasing, which are fundamental to the operations and permitting of mining companies.

Environment and Public Works

This committee directly regulates the EPA, which imposes significant environmental compliance costs, permitting requirements, and land-use regulations on mining operations.