- Southern Copper‘s 1Q net income exceeded estimates, coming in at $736.0 million against the estimated $586.1 million.
- The company’s earnings per share (EPS) for 1Q were 95c, compared to the estimated 76c.
- Sales of Southern Copper were higher than expected, at $2.60 billion against an estimate of $2.49 billion.
- Adjusted Ebitda for 1Q stood at $1.42 billion, surpassing the estimates of $1.22 billion.
- The company’s Adjusted Ebitda margin for 1Q was 54.5%, higher than the estimated 48.9%.
- Capital investments for the quarter were considerably less than estimated, amounting to $213.8 million as compared to estimated $289 million.
- The operating income for the period was also higher than expected at $1.19 billion against an estimate of $1.01 billion.
- On buying and holding front, there were 2 buys, 4 holds, and 12 sells.
Southern Copper on Smartkarma
Analysts on Smartkarma are showing bullish sentiment towards Southern Copper Corporation. Joe Jasper‘s research highlights a market weight upgrade for materials and a rotation into commodity sectors. The S&P 500 and Nasdaq 100 are holding above key support levels, indicating a bullish trend. On the other hand, Baptista Research‘s insights focus on Southern Copper‘s financial performance in 2023. Despite a slight decline in net sales, the company remains optimistic due to increased sales volumes and better prices for key metals.
Baptista Research also notes Southern Copper‘s resilience in the face of challenges, such as a production decline in copper. The company’s proactive approach and aim to increase copper production in 2023 showcase its adaptability. These positive reports suggest that analysts see potential for Southern Copper to perform well despite market dynamics.
A look at Southern Copper Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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
Based on the Smartkarma Smart Scores, Southern Copper presents a promising long-term outlook. With a solid Dividend score of 4 and a Growth score of 4, the company demonstrates its potential for steady returns and expansion. Additionally, a Momentum score of 5 suggests the company is on a strong upward trend in the market. However, Southern Copper‘s Value and Resilience scores come in at 2, indicating areas for potential improvement in terms of valuation and adaptability to market fluctuations.
Southern Copper Corporation, known for its mining operations in Peru and Mexico, focuses on producing copper, molybdenum, zinc, and precious metals. Thanks to its favorable Dividend and Growth scores, coupled with strong Momentum, Southern Copper seems well-positioned for future growth and sustainable returns. Investors may want to keep an eye on how the company addresses its Value and Resilience scores to further enhance its overall performance and competitiveness 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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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