Southern Copper (SCCO) ended the recent trading session at $189.91, demonstrating a -1.57% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.37% for the day. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq lost 1.33%.

Heading into today, shares of the miner had gained 7.38% over the past month, outpacing the Basic Materials sector's gain of 3.31% and the S&P 500's gain of 2.02%.

The upcoming earnings release of Southern Copper will be of great interest to investors. In that report, analysts expect Southern Copper to post earnings of $1.9 per share. This would mark year-over-year growth of 55.74%. Our most recent consensus estimate is calling for quarterly revenue of $4.23 billion, up 38.73% from the year-ago period.

SCCO's full-year Zacks Consensus Estimates are calling for earnings of $7.62 per share and revenue of $16.54 billion. These results would represent year-over-year changes of +45.42% and +23.22%, respectively.

Any recent changes to analyst estimates for Southern Copper should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.96% upward. Southern Copper is currently a Zacks Rank #3 (Hold).

Investors should also note Southern Copper's current valuation metrics, including its Forward P/E ratio of 25.34. For comparison, its industry has an average Forward P/E of 26.09, which means Southern Copper is trading at a discount to the group.

We can also see that SCCO currently has a PEG ratio of 1.73. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Mining – Non Ferrous was holding an average PEG ratio of 1.49 at yesterday's closing price.

The Mining – Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 31% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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