SCCO Stock Recent News
SCCO LATEST HEADLINES
Southern Copper (SCCO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Southern Copper (SCCO) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.94 per share a year ago.
Freeport-McMoRan Inc. FCX and Southern Copper Corporation SCCO are two heavyweights in the copper mining industry. Both operate on a global scale, extracting and processing copper and other metals.
Southern Copper (SCCO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Southern Copper (SCCO) concluded the recent trading session at $86.83, signifying a -0.96% move from its prior day's close.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Zacks.com users have recently been watching Southern Copper (SCCO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The latest trading day saw Southern Copper (SCCO) settling at $94.36, representing a +0.51% change from its previous close.
Copper prices rebounded from a 24.6% correction and surpassed the May 2024 high, driven by tariffs, supply issues, and green energy demand. Southern Copper Corporation shares underperformed despite copper's rally, impacted by U.S. stock market selling, tariff-induced price dislocations, and missed earnings forecasts. Tariffs have distorted copper prices, boosting U.S. futures to record highs while LME prices lag, with U.S. inventories rising and European stocks falling.
The recent executive order by President Trump has led to a 30% rally in copper prices, driven by speculative demand and potential tariffs. Southern Copper Corporation is well-positioned to benefit from rising copper prices, despite currently lagging behind the metal's price surge. Long-term demand for copper is expected to outpace supply, driven by EVs, renewable energy, and infrastructure demand, benefiting SCCO's revenue and profitability.