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Southern Copper Corporation (SCCO) engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile.
The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead.
It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant in Mexico.
The company also operates Buenavista, an open-pit copper mine, as well as two copper concentrators and two operating SX-EW plants in Mexico. In addition, it operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery.
The company has interests in 59,252 hectares of exploration concessions in Peru; 503,104 hectares of exploration concessions in Mexico; 229,312 hectares of exploration concessions in Argentina; 27,353 hectares of exploration concessions in Chile; and 7,299 hectares of exploration concessions in Ecuador.
Southern Copper Corporation was incorporated in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation is a subsidiary of Americas Mining Corporation.
Please note, this stock reports earnings on Monday, January 31st.
Southern Copper Corporation reported 3rd Quarter September 2021 earnings of $1.12 per share on revenue of $2.7 billion. The consensus earnings estimate was $1.12 per share on revenue of $2.7 billion. Revenue grew 25.9% on a year-over-year basis.
This stock has gained 15.72% over the past 30 days, gaining at a pace far greater than the basic material sector by over 5% and the S&P 500's loss of 0.78% during the same time. This gain should contribute to a strong earnings report in the coming weeks.
Entry Point: $67.75
Trading Range: $54.92 - $83.29
Stop Loss: $65.00
Target Price: $74.00
