(VIANEWS) – The NYSE ended the session with Southern Copper (SCCO) jumping 10.06% to $96.30 on Wednesday while NYSE rose 0.25% to $18,018.63.
Southern Copper’s last close was $87.50, 1.02% under its 52-week high of $88.40.
About Southern Copper
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant in Mexico. The company also operates Buenavista, an open-pit copper mine, as well as two copper concentrators and two operating SX-EW plants in Mexico. In addition, it operates underground mines that produce zinc, lead, copper, silver, and gold; a coal mine; and a zinc refinery. The company has interests in 156,818 hectares and 502,688 hectares of concessions in Peru and Mexico; and 168,200 hectares and 28,453 hectares of exploration concessions in Argentina and Chile. Southern Copper Corporation was incorporated in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation operates as a subsidiary of Americas Mining Corporation.
Earnings Per Share
As for profitability, Southern Copper has a trailing twelve months EPS of $3.14.
PE Ratio
Southern Copper has a trailing twelve months price to earnings ratio of 30.67. Meaning, the purchaser of the share is investing $30.67 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 31.16%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 41.9% and a negative 27.6%, respectively.
Sales Growth
Southern Copper’s sales growth is negative 13.6% for the current quarter and negative 7.1% for the next.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Southern Copper’s stock is considered to be oversold (<=20).
Volume
Today’s last reported volume for Southern Copper is 3325000 which is 250.04% above its average volume of 949871.
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