Southern Copper (SCCO) Earnings Surpass Expectations with 74% Increase in 2Q Net Income

Southern Copper on Smartkarma

On Smartkarma, independent analysts have provided insightful coverage of Southern Copper Corporation. Baptista Research delved into the current impact of copper market dynamics and prices, highlighting the company’s resilience in 2023 despite challenges. With net sales of $9,896 million, a slight decrease from the previous year, Southern Copper attributed this to various factors such as increased sales volumes for copper and molybdenum, as well as improved prices for molybdenum and silver.

In another report, also by Baptista Research, the focus shifted to Southern Copper‘s adaptation to the changing dynamics of the copper market. Reflecting on the company’s 2023 financial performance, which saw net sales of $9,896 million (a 1.5% decrease compared to 2022), Southern Copper remains optimistic due to the uptick in sales volumes for key minerals like copper and molybdenum, alongside favorable pricing for molybdenum and silver.

A look at Southern Copper Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

When looking at the Smart Scores for Southern Copper, we see that the company has a solid overall outlook. In particular, Southern Copper excels in the areas of Dividend and Momentum, scoring a 4 out of 5 for both. This indicates that the company performs well in terms of paying dividends to its investors and has strong momentum in its stock performance. With a Growth score of 3, Southern Copper shows promise for future expansion and development opportunities.

Although Southern Copper has lower scores in the areas of Value and Resilience, at 2 each, the company’s impressive performance in Dividend and Momentum suggests a positive long-term outlook. Southern Copper Corporation conducts mining operations in Peru and Mexico, owning and operating mines that produce copper, molybdenum, zinc, and precious metals. This diversified portfolio positions the company well for potential growth and stability in the mining industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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