-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將SCCO未來12個月的目標股價下調31美元至190美元，基於2027年EBITDA預期，其企業價值/息稅折舊攤銷前利潤（EV/EBITDA）為13.5倍，高於SCCO過去三年的平均預期EV/EBITDA 12.8倍和平均水準8.0倍。我們將2026年每股盈餘（EPS）預期下調1.73美元至6.81美元，並將2027年EPS預期下修2.55美元至7.01美元。 SCCO維持其年產銅160萬噸的目標，同時推進其超過205億美元的資本投資計劃，其中Tia Maria項目（年產能12萬噸）預計將於2027年第三季投產。然而，由於秘魯礦區礦石品位下降，第一季銅產量年減4.0%，但管理層預計品位將在2026年底前恢復。 SCCO執行長Oscar Gonzalez Rocha過世後，領導層更迭帶來了一些不確定性，不過新任執行長Leonardo Contreras擁有豐富的營運經驗。 SCCO的溢價估值反映了其一流的成本結構、豐富的儲量和成長潛力，但考慮到生產方面的不利因素以及主要項目的執行風險，我們認為其目前的上漲空間有限。
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