$SCCO

3 stories mentioning SCCO

Every FINWIRES story that references SCCO, newest first.

Research Alert: CFRA Maintains Hold Opinion On Shares Of Southern Copper Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our 12-month target by $31 to $190, on an EV/EBITDA of 13.5x our 2027 EBITDA estimate, above SCCO's three-year average forward EV/EBITDA of 12.8x and peers' average of 8.0x. We trim our 2026 EPS estimate by $1.73 to $6.81 and 2027 EPS forecast by $2.55 to $7.01. SCCO maintains its target to reach 1.6M tons of annual copper production while advancing its $20.5B+ capital investment program, with the Tia Maria project (120kt/year capacity) expected online in 3Q27. However, Q1 copper production declined 4.0% Y/Y due to lower ore grades at Peruvian operations, though management expects grades to recover by late 2026. SCCO's leadership transition following the passing of CEO Oscar Gonzalez Rocha adds some uncertainty, though new CEO Leonardo Contreras brings strong operational experience. SCCO's premium valuation reflects its best-in-class cost structure, extensive reserves, and growth pipeline, but we see limited upside at current levels given production headwinds and execution risks on major projects.

$SCCO

Research47d ago

Research Alert: Southern Copper Q1: Record Results On Surging Metal Prices

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Southern Copper delivered record Q1 2026 results, with net income surging 67% Y/Y to $1.58B and EPS of $1.92 beating consensus by $0.11, due to silver prices jumping 158% and copper rising 38% to $5.83/lb. Net sales increased 36% Y/Y to $4.25B, while adjusted EBITDA climbed 55% to $2.71B, with margins expanding to 63.8%. Despite strong financial performance, copper production declined 4% Y/Y to 230,544 tons due to lower ore grades at Peruvian operations, though operating cash costs turned negative at -$0.11/lb versus $0.77 prior year due to higher prices co-products. Management expects ore grade recovery by year-end 2026 and into subsequent years. Operating cash flow surged 135% Y/Y to $1.69B, funding $442M in capex as part of the aggressive $20.5B investment program. The Tia Maria project reached 32.5% completion and remains on track for Q3 2027 startup. Leonardo Contreras Lerdo de Tejada was appointed as CEO, following the passing of former CEO Oscar Gonzalez Rocha, who led the organization for five decades.

$SCCO

Research66d ago

Goldman Sachs Upgrades Southern Copper to Neutral From Sell, Adjusts Price Target to $178 From $142.79

Southern Copper (SCCO) has an average rating of underweight and mean price target of $159.27, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$SCCO