Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Southern Copper Corporation's third-quarter and nine-month results for 2024 reflect a mixed performance with several key highlights and challenges.</li><li>On the positive side, the company saw a significant boost in sales, production, and profitability.</li><li>Revenue for the third quarter of 2024 increased to $2.9 billion, a 17% rise from the same period in 2023, mainly driven by a 21% rise in copper sales value and an 8% rise in copper sales volume.</li></ul>

Southern Copper Corporation's third-quarter and nine-month results for 2024 reflect a mixed performance with several key highlights and challenges.On the positive side, the company saw a significant boost in sales, production, and profitability.Revenue for the third quarter of 2024 increased to $2.9 billion, a 17% rise from the same period in 2023, mainly driven by a 21% rise in copper sales value and an 8% rise in copper sales volume.

Southern Copper Corporation: The 6 Most Significant Forces Steering Its Performance into 2025 & Beyond!

<ul><li>Southern Copper Corporation reported notable progress and financial growth in its third quarter and nine-month financial results for 2024, highlighting a comprehensive blend of achievements and forward-looking strategies amid fluctuating market conditions.</li><li>This analysis delves into both the positive advancements and the challenges facing the company.</li><li>On the positive side, Southern Copper showcased a robust increase in copper production, which saw an 11% rise in the third quarter, reaching 252,219 tons.</li></ul>

Southern Copper Corporation reported notable progress and financial growth in its third quarter and nine-month financial results for 2024, highlighting a comprehensive blend of achievements and forward-looking strategies amid fluctuating market conditions.This analysis delves into both the positive advancements and the challenges facing the company.On the positive side, Southern Copper showcased a robust increase in copper production, which saw an 11% rise in the third quarter, reaching 252,219 tons.

Southern Copper Corporation:  Expansion of Key Mining Projects & Other Major Drivers

<ul><li>Southern Copper Corporation's second quarter and 6 months results of 2024 suggest a resilient performance with both positive and negative attributes.</li><li>The company reported a 15% surge in London Metal Exchange copper price in comparison to Q2 2023, which combined with production cuts and market deficit, resulted in positive trends for the corporation.</li><li>Copper made up about 76% of the company's sales in Q2, and despite a weak demand from China, the corporation confidently expects a 0.6% increase in the copper supply for 2024.</li></ul>

Southern Copper Corporation's second quarter and 6 months results of 2024 suggest a resilient performance with both positive and negative attributes.The company reported a 15% surge in London Metal Exchange copper price in comparison to Q2 2023, which combined with production cuts and market deficit, resulted in positive trends for the corporation.Copper made up about 76% of the company's sales in Q2, and despite a weak demand from China, the corporation confidently expects a 0.6% increase in the copper supply for 2024.

Southern Copper Corporation: Exploration and Development of New Deposits! - Major Drivers

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Commodities

<ul>
<li>The introduction of Trump Tariffs has adversely impacted the commodities market's promising start to the year, except for gold, which has exceeded 3,200 USD/oz.</li>
<li>Following a peak of 10,000 USD/ton on March 25, copper prices fell 14% to 8,600 USD/ton before rebounding in the past two trading sessions to 9,150 USD/ton.</li>
<li>The dollar's depreciation, Trump's flexibility on tariffs, and anticipated acceleration in Chinese stimulus have created a more favorable market environment for copper.</li>
</ul>


The introduction of Trump Tariffs has adversely impacted the commodities market's promising start to the year, except for gold, which has exceeded 3,200 USD/oz.
Following a peak of 10,000 USD/ton on March 25, copper prices fell 14% to 8,600 USD/ton before rebounding in the past two trading sessions to 9,150 USD/ton.
The dollar's depreciation, Trump's flexibility on tariffs, and anticipated acceleration in Chinese stimulus have created a more favorable market environment for copper.


Copper Tracker 14th April 2025: Green Shoots Emerging After the Trump Tariff Fiasco

<ul><li>Southern Copper Corporation performed admirably in 2023 despite facing some challenges.</li><li>The company reported net sales of $9,896 million, a decrease of 1.5% compared to 2022.</li><li>This was primarily due to higher copper and molybdenum sales volumes, increased molybdenum and silver prices, and a reduction in copper and zinc metal prices along with decreased silver and zinc sales volumes.</li></ul>

Southern Copper Corporation performed admirably in 2023 despite facing some challenges.The company reported net sales of $9,896 million, a decrease of 1.5% compared to 2022.This was primarily due to higher copper and molybdenum sales volumes, increased molybdenum and silver prices, and a reduction in copper and zinc metal prices along with decreased silver and zinc sales volumes.

Southern Copper Corporation: What Is The Current Impact Of Copper Market Dynamics & Prices - Major Drivers

United States

Southern Copper Corporation conducts mining operations in Peru and Mexico.  The Company owns and operates open pit mines and metallurgical complexes that produce copper, molybdenum, zinc, and precious metals.

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Southern Copper (SCCO US)

Southern Copper Corporation: The 6 Most Significant Forces Steering Its Performance into 2025 & Beyond!

Southern Copper Corporation's third-quarter and nine-month results for 2024 reflect a mixed performance with several key highlights and...

Baptista Research

Southern Copper Corporation: Expansion of Key Mining Projects & Other Major Drivers

Southern Copper Corporation reported notable progress and financial growth in its third quarter and nine-month financial results for 2024,...

Baptista Research

Southern Copper Corporation: Exploration and Development of New Deposits! - Major Drivers

Southern Copper Corporation's second quarter and 6 months results of 2024 suggest a resilient performance with both positive and negative...

Baptista Research

Copper Tracker 14th April 2025: Green Shoots Emerging After the Trump Tariff Fiasco

After the shocks of the Trump Tariffs which threatened to transition the world into a global recession, green shoots are emerging for copper with...

Sameer Taneja

Southern Copper Corporation: What Is The Current Impact Of Copper Market Dynamics & Prices - Major Drivers

Southern Copper Corporation performed admirably in 2023 despite facing some challenges. The company reported net sales of $9,896 million, a...

Baptista Research

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