Written by Amy Legate-Wolfe at The Motley Fool Canada
Sometimes, it’s not about having thousands to invest; it’s about making the most of what you’ve got. And right now, if you’re sitting on $200 and wondering where to put it, Teck Resources (TSX:TECK.B) stands out as one of the smartest picks on the TSX. This stock isn’t just about mining; it’s about the future of global infrastructure, clean energy, and resilient Canadian industry.
About Teck
Teck is one of Canada’s largest diversified resource companies. Its focus is on copper, zinc, steelmaking coal, and energy. But it’s copper that has the market’s attention. With the global shift toward electrification, copper is in high demand. It’s a key component in electric vehicles (EVs), renewable energy systems, and just about every infrastructure project that aims to be more sustainable. Teck is well positioned in this space, and that gives it a unique advantage over more traditional mining stocks.
As of writing, Teck’s had a decent rebound from the lows earlier this year, but it’s still down more than 25% from its 52-week high of $74.15. This gap between its current price and historical peak is where the opportunity lies. Analysts currently have a 12-month average price target of $71.94. That would mean a potential upside of nearly 36%. With $200, you could pick up almost four shares and still have some change left over. That’s a small but meaningful stake in a company with big potential.
Into earnings
Looking at the most recent earnings, Teck had a strong start to 2025. In the first quarter, it reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $927 million, which was more than double what it posted during the same period last year. Adjusted profit came in at $303 million, or $0.60 per share. This growth was largely driven by stronger commodity prices, especially copper and zinc, as well as higher production volumes.
Teck’s copper output was particularly strong, increasing 7% year over year to 106,100 tonnes. Its Quebrada Blanca mine in Chile was a big contributor to that, producing 42,300 tonnes despite dealing with a national power outage and some rough weather. The ability to meet or exceed production targets under difficult conditions speaks volumes about Teck’s operations and management.
More to come
But the story doesn’t end with production. Teck has been returning capital to shareholders aggressively. Between January and April 2025, it bought back $505 million worth of shares. That’s part of a broader $3.25 billion buyback plan, of which $1.75 billion has now been completed. In an uncertain market, share buybacks can signal that management believes the stock is undervalued and wants to reward long-term holders.
Teck’s future looks even more promising when you consider its strategic direction. The Canadian stock continues to divest from its steelmaking coal business, moving to become more focused on metals that are critical to a low-carbon economy. This shift isn’t just good for optics; it aligns Teck with some of the most powerful investment themes of the decade. Copper and zinc are already seeing surging demand, and that demand is expected to continue climbing. By focusing on these areas, Teck is putting itself in the right place at the right time.
Bottom line
So, what does all this mean for a $200 investment? It means you’re not just buying a mining stock; you’re buying a piece of the global energy transition. You’re getting exposure to some of the most important materials of the next decade. You’re also getting a Canadian stock that has proven its ability to grow earnings, return value to shareholders, and adapt to changing markets.
And let’s be honest: part of smart investing is knowing when something good is trading at a discount. Teck may not stay this cheap for long. The market has already started to catch on, but there’s still time to buy in before it pushes higher. For those looking to start small but think big, Teck Resources might just be the smartest Canadian stock to pick up with $200 right now.
The post The Smartest Canadian Stock to Buy Right Now With $200 appeared first on The Motley Fool Canada.
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More reading
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Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
2025
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. We regret to report that long term BHP Group Limited (ASX:BHP) shareholders have had that experience, with the share price dropping 19% in three years, versus a market return of about 27%.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
Our free stock report includes 2 warning signs investors should be aware of before investing in BHP Group. Read for free now.
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
During the three years that the share price fell, BHP Group's earnings per share (EPS) dropped by 11% each year. In comparison the 7% compound annual share price decline isn't as bad as the EPS drop-off. So the market may not be too worried about the EPS figure, at the moment — or it may have previously priced some of the drop in.
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
ASX:BHP Earnings Per Share Growth May 20th 2025
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. This free interactive report on BHP Group's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for BHP Group the TSR over the last 3 years was 10%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.
A Different Perspective
While the broader market gained around 8.2% in the last year, BHP Group shareholders lost 12% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 12%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand BHP Group better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for BHP Group (of which 1 is potentially serious!) you should know about.
BHP Group is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The Australian market is poised for a positive start, with the ASX200 expected to rise over one percent, reflecting a broader trend of cautious optimism amid mixed signals from Wall Street. In this environment, growth companies with high insider ownership can be particularly appealing as they often signal strong internal confidence and alignment with shareholder interests, making them noteworthy contenders in any investment strategy focused on potential earnings expansion.
Top 10 Growth Companies With High Insider Ownership In Australia
|
Name |
Insider Ownership |
Earnings Growth |
|
Alfabs Australia (ASX:AAL) |
10.8% |
41.3% |
|
Acrux (ASX:ACR) |
15.5% |
106.9% |
|
Cyclopharm (ASX:CYC) |
11.3% |
97.8% |
|
Fenix Resources (ASX:FEX) |
21.1% |
53.4% |
|
Brightstar Resources (ASX:BTR) |
11.6% |
98.8% |
|
Newfield Resources (ASX:NWF) |
31.5% |
72.1% |
|
Echo IQ (ASX:EIQ) |
19.8% |
65.9% |
|
Plenti Group (ASX:PLT) |
12.7% |
89.6% |
|
Image Resources (ASX:IMA) |
20.6% |
79.9% |
|
BETR Entertainment (ASX:BBT) |
38.6% |
121.8% |
We’re going to check out a few of the best picks from our screener tool.
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Aurelia Metals Limited is involved in the exploration and production of mineral properties in Australia, with a market capitalization of A$533.16 million.
Operations: The company’s revenue is primarily derived from its operations at the Peak Mine (A$245.13 million), followed by the Dargues Mine (A$73.90 million) and the Hera Mine (A$5.98 million).
Insider Ownership: 23.9%
Earnings Growth Forecast: 45.3% p.a.
Aurelia Metals’ earnings are forecast to grow significantly at 45.3% annually, outpacing the Australian market’s 11.7%. The company’s revenue is expected to increase by 14.6% per year, surpassing the market average of 5.5%. Trading at a substantial discount to its estimated fair value, Aurelia recently became profitable and reported A$17.95 million in net income for H1 2024-25, reversing a prior loss. Insider buying has been substantial with no significant selling recently noted.
ASX:AMI Earnings and Revenue Growth as at May 2025IperionX
Simply Wall St Growth Rating: ★★★★★★
Overview: IperionX Limited focuses on the exploration and development of mineral properties in the United States, with a market capitalization of A$1.02 billion.
Operations: IperionX Limited does not currently report any revenue segments.
Insider Ownership: 19.3%
Earnings Growth Forecast: 78.1% p.a.
IperionX is poised for significant growth with a forecasted revenue increase of 86.2% annually, surpassing the Australian market’s average. Despite currently generating less than US$1 million in revenue, insider buying has been substantial without notable selling. Recent U.S. government funding supports its Titan Project and titanium production expansion, enhancing its strategic position in critical minerals supply chains. Although shareholders experienced dilution last year, IperionX trades significantly below estimated fair value and aims for profitability within three years.
ASX:IPX Ownership Breakdown as at May 2025Titomic
Simply Wall St Growth Rating: ★★★★★★
Overview: Titomic Limited provides manufacturing and technology solutions for high-performance metal additive manufacturing across Australia, the United States, and Europe, with a market cap of A$410.99 million.
Operations: The company’s revenue segment is primarily from the development and sale of additive manufacturing technology, amounting to A$7.44 million.
Insider Ownership: 11.2%
Earnings Growth Forecast: 77.2% p.a.
Titomic is set for substantial growth, with revenue forecasted to increase by 52.3% annually, outpacing the Australian market. Despite a volatile share price and past shareholder dilution, Titomic’s insider ownership remains stable without significant recent trading activity. Recent strategic appointments in the U.S., particularly Kirk Pysher as SVP of Manufacturing, aim to bolster its capabilities in key sectors like aerospace and defense. The company anticipates profitability within three years, driven by advanced manufacturing technologies.
ASX:TTT Ownership Breakdown as at May 2025Taking Advantage
Take a closer look at our Fast Growing ASX Companies With High Insider Ownership list of 99 companies by clicking here.
Interested In Other Possibilities? Outshine the giants: these 28 early-stage AI stocks could fund your retirement.
This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
Companies discussed in this article include ASX:AMI ASX:IPX and ASX:TTT.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Virtual Investor Conferences
NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the Precious Metals & Critical Minerals Hybrid Virtual Investor Conference. Individual investors, institutional investors, advisors, and analysts are invited to attend.
This in-person and virtual event will showcase live company presentations and interactive discussions featuring Precious Metals and Critical Minerals including Gold, Silver, Antimony, Copper, Lithium, Nickel, PGM, Rare Earth Elements, Uranium and Vanadium. Company executives and industry experts will present live from the OTC Markets Group headquarters at 300 Vesey Street in New York City. All presentations will be broadcast to the Virtual Investor Conferences community. For those who are interested in attending, there are two ways to register:
Register for IN-PERSON attendance: register here Register for ONLINE attendance: register here
For individuals joining online, it is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to attend and schedule 1×1 meetings with management.
“OTC Markets is proud to host the Precious Metals & Critical Minerals Hybrid Investor Conference, presented in collaboration with Murdock Capital, TAA Advisory LLC, The Prospector, and Resource World,” said John Viglotti, SVP of Corporate Services, Investor Access at OTC Markets Group. “We are especially honored to welcome our distinguished keynote speakers, Jeff Christian, Managing Partner at CPM Group, and Jack Lifton, Senior Advisor at Energy Fuels, Inc., whose insights will be invaluable to this premier industry event.”
May 22nd
|
EasternTime (ET) |
Presentation |
Ticker(s) |
|
9:00 AM |
Keynote Presentation: “What’s next for precious metals?”-Jeff Christian, Managing Partner of CPM Group |
|
|
9:30 AM |
Viva Gold Corp. |
|
|
10:00 AM |
StrikePoint Gold, Inc. |
|
|
10:45 AM |
Honey Badger Silver Inc. |
|
|
11:15 AM |
Relevant Gold Corp. |
|
|
12:30 PM |
Keynote Presentation: “Surveying the Critical Minerals Landscape,”–Jack Lifton, Senior Advisor, Energy Fuels, Inc. |
|
|
1:00 PM |
Azimut Exploration Inc. |
|
|
1:30 PM |
Energy Fuels Inc. |
|
|
2:00 PM |
Lion & Copper Gold Corp. |
|
|
2:45 PM |
Alaska Silver Corp. |
|
|
3:15 PM |
Cygnus Metals Ltd. |
|
|
3:45 PM |
Power Metallic Mines Inc. |
|
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com
Virtual Investor Conferences Contact:John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@otcmarkets.com
Bunker Hill Mining (BNKR.V) said Friday afternoon that it has secured US$10.3 million in funding to
As trade tensions ease and central banks maintain cautious stances on interest rates, the Canadian market is navigating a period of economic uncertainty with mixed signals from key sectors. In this environment, identifying undervalued stocks can be an effective strategy for investors seeking opportunities that may benefit from improved trade relations and stable monetary policies.
Top 10 Undervalued Stocks Based On Cash Flows In Canada
|
Name |
Current Price |
Fair Value (Est) |
Discount (Est) |
|
Whitecap Resources (TSX:WCP) |
CA$8.52 |
CA$14.65 |
41.9% |
|
Docebo (TSX:DCBO) |
CA$36.92 |
CA$58.91 |
37.3% |
|
Badger Infrastructure Solutions (TSX:BDGI) |
CA$45.46 |
CA$77.01 |
41% |
|
Aris Mining (TSX:ARIS) |
CA$7.91 |
CA$13.10 |
39.6% |
|
Groupe Dynamite (TSX:GRGD) |
CA$14.57 |
CA$27.98 |
47.9% |
|
VersaBank (TSX:VBNK) |
CA$15.47 |
CA$30.59 |
49.4% |
|
TerraVest Industries (TSX:TVK) |
CA$165.27 |
CA$291.41 |
43.3% |
|
Laurentian Bank of Canada (TSX:LB) |
CA$27.63 |
CA$43.76 |
36.9% |
|
Journey Energy (TSX:JOY) |
CA$1.55 |
CA$3.04 |
49% |
|
Aya Gold & Silver (TSX:AYA) |
CA$10.59 |
CA$20.35 |
48% |
We’re going to check out a few of the best picks from our screener tool.
Overview: Aya Gold & Silver Inc. is involved in the exploration, evaluation, and development of precious metals projects in Morocco and has a market cap of CA$1.36 billion.
Operations: The company’s revenue is primarily derived from the production at the Zgounder Silver Mine in Morocco, amounting to $67.87 million.
Estimated Discount To Fair Value: 48%
Aya Gold & Silver appears undervalued, trading at CA$10.59, significantly below its estimated fair value of CA$20.35. Recent financial results show robust growth, with Q1 2025 sales reaching US$33.83 million compared to US$5.08 million a year earlier and a net income turnaround to US$6.93 million from a loss of US$2.54 million the previous year. Additionally, Aya secured a US$25 million credit facility for its Boumadine project, enhancing financial flexibility and supporting future growth initiatives in Morocco.
TSX:AYA Discounted Cash Flow as at May 2025Teck Resources
Overview: Teck Resources Limited is involved in the research, exploration, development, processing, smelting, refining, and reclamation of mineral properties across Asia, the Americas, and Europe with a market cap of CA$25.83 billion.
Operations: Teck Resources generates revenue primarily from its zinc segment, amounting to CA$3.76 billion, and copper segment, totaling CA$5.97 billion.
Estimated Discount To Fair Value: 27.6%
Teck Resources is trading at CA$50.97, significantly below its estimated fair value of CA$70.42, suggesting undervaluation based on cash flows. The company’s earnings are forecast to grow by 31.81% annually, with revenue expected to outpace the Canadian market at 4.7% per year. Recent Q1 2025 results showed sales of CA$2.29 billion and net income of CA$370 million, reflecting solid financial performance despite a low forecasted return on equity of 4.1%.
TSX:TECK.B Discounted Cash Flow as at May 2025Whitecap Resources
Overview: Whitecap Resources Inc. is involved in the acquisition, development, and production of petroleum and natural gas properties in Western Canada, with a market cap of CA$10.82 billion.
Operations: The company’s revenue primarily comes from its oil and gas exploration and production segment, generating CA$3.41 billion.
Estimated Discount To Fair Value: 41.9%
Whitecap Resources, trading at CA$8.52, is significantly undervalued with an estimated fair value of CA$14.65, suggesting potential based on cash flows. Earnings are forecast to grow 19% annually, outpacing the Canadian market’s 12%. Despite high dividend yields not fully covered by free cash flows and recent shareholder dilution, the company announced a substantial share buyback program and strategic merger with Veren Inc., enhancing its production capabilities and shareholder value prospects.
TSX:WCP Discounted Cash Flow as at May 2025Taking Advantage
Click through to start exploring the rest of the 21 Undervalued TSX Stocks Based On Cash Flows now.
Shareholder in one or more of these companies? Ensure you’re never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
Streamline your investment strategy with Simply Wall St’s app for free and benefit from extensive research on stocks across all corners of the world.
Seeking Other Investments?
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Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TSX:AYA TSX:TECK.B and TSX:WCP.
This article was originally published by Simply Wall St.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Southern Copper (SCCO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this miner have returned +8.4%, compared to the Zacks S&P 500 composite's +9% change. During this period, the Zacks Mining – Non Ferrous industry, which Southern Copper falls in, has gained 10.8%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Southern Copper is expected to post earnings of $1.05 per share for the current quarter, representing a year-over-year change of -13.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -7.5%.
For the current fiscal year, the consensus earnings estimate of $4.38 points to a change of +1.2% from the prior year. Over the last 30 days, this estimate has changed -1.9%.
For the next fiscal year, the consensus earnings estimate of $4.62 indicates a change of +5.4% from what Southern Copper is expected to report a year ago. Over the past month, the estimate has changed -1.3%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Southern Copper is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS12-month consensus EPS estimate for SCCO _12MonthEPSChartUrlProjected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Southern Copper, the consensus sales estimate for the current quarter of $2.9 billion indicates a year-over-year change of -6.9%. For the current and next fiscal years, $11.88 billion and $11.49 billion estimates indicate +3.9% and -3.3% changes, respectively.
Last Reported Results and Surprise History
Southern Copper reported revenues of $3.12 billion in the last reported quarter, representing a year-over-year change of +20.1%. EPS of $1.19 for the same period compares with $0.94 a year ago.
Compared to the Zacks Consensus Estimate of $2.98 billion, the reported revenues represent a surprise of +4.67%. The EPS surprise was +5.31%.
Over the last four quarters, Southern Copper surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Southern Copper is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Southern Copper. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
We recently published a list of Top 10 Buzzing Stocks in May. In this article, we are going to take a look at where BHP Group Limited (NYSE:BHP) stands against other top buzzing stocks in May.
The latest quarterly results from a couple of major technology companies have soothed concerns about AI demand that prevailed in the market following the launch of DeepSeek. Storm Uru, Manager at Liontrust Global Dividend Fund, said while talking to CNBC that the Satya Nadella-led tech giant’s results were “extraordinary.”
“50% of that growth came from AI revenue, and that’s an important marker for us going forward. Because after Deepseek about four months ago now, the debate really was around as digital intelligence gets smarter and as it gets cheaper, what is going to be the impact on demand. And what we found out last night was that demand is accelerating,” he said.
David Grain, Founder & CEO of Grain Management, also believes AI demand could be strong amid a variety of factors.
“The advent of AI has created this explosion of demand for data centers and compute power, but the drivers of where it makes sense to actually build these data centers has a lot to do with the availability of reliable and high quantity of electricity. So I think there’s definitely no slowdown in the demand side of the equation,” he said during an interview with CNBC.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
For this article, we picked 10 stocks making moves these days. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Jim Cramer Recommends This Dividend Stock With 5% YieldBHP Group Limited (NYSE:BHP)
Number of Hedge Fund Investors: 22
Jim Cramer was recently asked about mining company BHP Group Limited (NYSE:BHP). He said he likes the stock.
“I like BHP Broken Hill. I remember it was Broken Hill Properties—that’s how old I am, holy cow. But I like the story. I like the yield. I think you’ve got a good situation going there.”
Overall, BHP ranks 10th on our list of top buzzing stocks in May. While we acknowledge the potential of BHP, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BHP but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
If you want to compound wealth in the stock market, you can do so by buying an index fund. But if you pick the right individual stocks, you could make more than that. For example, the Aurelia Metals Limited (ASX:AMI) share price is up 70% in the last 1 year, clearly besting the market return of around 4.4% (not including dividends). If it can keep that out-performance up over the long term, investors will do very well! Unfortunately the longer term returns are not so good, with the stock falling 11% in the last three years.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
During the last year Aurelia Metals grew its earnings per share, moving from a loss to a profit.
When a company is just on the edge of profitability it can be well worth considering other metrics in order to more precisely gauge growth (and therefore understand share price movements).
Revenue was pretty stable on last year, so deeper research might be needed to explain the share price rise.
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
ASX:AMI Earnings and Revenue Growth May 13th 2025
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. So we recommend checking out this free report showing consensus forecasts
A Different Perspective
It's good to see that Aurelia Metals has rewarded shareholders with a total shareholder return of 70% in the last twelve months. Since the one-year TSR is better than the five-year TSR (the latter coming in at 2% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. Investors who like to make money usually check up on insider purchases, such as the price paid, and total amount bought. You can find out about the insider purchases of Aurelia Metals by clicking this link.
If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar).
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
SANTIAGO (Reuters) – Chilean state-run copper miner Codelco said on Monday that it had reached an agreement with BHP for the multinational firm to explore the "Anillo" mining property.
BHP will spend up to $40 million to explore the area, Codelco said in a statement. BHP could form a tie-up with Codelco to mine there if there is evidence of a favorable business case, Codelco added.
(Reporting by Fabian Cambero; Editing by Brendan O'Boyle)
Freeport-McMoRan Inc.’s FCX shares have rallied 19.6% in the past month. It has outperformed the Zacks Mining – Non Ferrous industry’s rise of 11.4% and the S&P 500’s gain of 6.6% over the same period. Its peers, Southern Copper Corporation SCCO and BHP Group Limited BHP, have gained 7.6% and 10.8%, respectively, over the same period. While FCX's first-quarter results showed a decline in both top and bottom line, its guidance showed lower expected unit costs and stronger copper and gold sales volumes for the second quarter. This, coupled with share buyback activities, likely buoyed investor sentiment, leading to share price appreciation.
Freeport’s One-Month Price PerformanceZacks Investment Research
Image Source: Zacks Investment Research
Technical indicators show that FCX has been trading below the 200-day simple moving average (SMA) since Nov. 11, 2024. The stock is currently trading above its 50-day SMA. Following a death crossover on Dec. 3, 2024, the 50-day SMA continues to read lower than the 200-day SMA, indicating a bearish trend.
FCX Stock Trades Above 50-Day SMAZacks Investment Research
Image Source: Zacks Investment Research
Let’s take a look at FCX’s fundamentals to better analyze how to play the stock.
Freeport’s Growth Actions to Drive Capacity & Production
Freeport is well-placed with high-quality copper assets and remains focused on strong execution and advancing its organic growth opportunities. At its Cerro Verde operation in Peru, a large-scale concentrator expansion provided incremental annual production of around 600 million pounds of copper and 15 million pounds of molybdenum. It is evaluating a large-scale expansion at El Abra in Chile to define a large sulfide resource that could potentially support a major mill project similar to the large-scale concentrator at Cerro Verde. FCX is also conducting pre-feasibility studies (expected to be completed in 2026) in the Safford/Lone Star operations in Arizona to define a significant sulfide expansion opportunity. It also has expansion opportunities at Bagdad in Arizona to more than double the concentrator capacity of the operation. Also, PT Freeport Indonesia (PT-FI) substantially completed the construction of the new greenfield smelter in Eastern Java during 2024, with an expected start-up in second-quarter 2025, followed by a full ramp-up by the end of 2025. PT-FI is also developing the Kucing Liar ore body within the Grasberg district with a targeted commencement of production by 2030. Gold production also commenced at the new precious metals refinery in late 2024. Plans are in place to transition PT-FI’s existing energy source from coal to natural gas, which is expected to significantly reduce greenhouse gas emissions at Grasberg.
FCX’s Solid Financial Health & Capital Discipline Bode Well
FCX has a strong liquidity position and generates substantial cash flows, which allow it to finance its growth projects, pay down debt and drive shareholder value. It generated operating cash flows of around $1.1 billion in the first quarter of 2025. It has distributed $5 billion to its shareholders through dividends and share purchases since June 30, 2021. Freeport ended the first quarter with strong liquidity, including $4.4 billion in cash and cash equivalents, $3 billion in availability under the FCX revolving credit facility and $1.5 billion in availability under the PT-FI credit facility.At the end of the first quarter, Freeport had a net debt of $1.5 billion, excluding PTFI’s new downstream processing facilities. Its net debt is below its targeted range of $3-$4 billion. Freeport has a policy of distributing 50% of the available cash to shareholders and the balance to either reduce debt or invest in growth projects. FCX has no significant debt maturities until 2027. Its long-term debt-to-capitalization is around 23.4% compared with 41.2% for Southern Copper and 26.7% for BHP Group.FCX offers a dividend yield of roughly 0.8% at the current stock price. Its payout ratio is 22% (a ratio below 60% is a good indicator that the dividend will be sustainable), with a five-year annualized dividend growth rate of about 21.8%. Backed by strong financial health, the company's dividend is perceived to be safe and reliable.
Retreating Copper Prices Pose Concerns for FCX
Copper prices remain volatile this year amid global economic and trade uncertainties. The uncertainties surrounding U.S.-China trade tensions continue to impact prices. Copper prices surged to a new record high of $5.24 per pound in late March as buyers stocked up the commodity amid concerns that President Donald Trump could impose tariffs on copper, leading to a disruption in the global supply chain. However, prices nosedived to around $4.1 per pound in early April amid demand worries due to tariffs, which threatened to cause a broader slowdown globally. Prices of the red metal moved up in late April to roughly $4.9 per pound amid a weakening U.S. dollar on heightened concerns about the prospect of a downturn in the U.S. economy. However, prices have again retreated to around $4.5 per pound lately on weak global demand and increased supply. Weaker global manufacturing activities pose risks to copper demand. Copper demand is also likely to remain under pressure at least through the first half under the weight of tariffs.
FCX’s FY25 Earnings Estimates Going Down
Freeport’s earnings estimates for 2025 have been going down over the past 60 days. The Zacks Consensus Estimate for 2025 has been revised lower over the same time frame. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Zacks Investment Research
Image Source: Zacks Investment Research
A Look at FCX’s Valuation
FCX is currently trading at a forward price/earnings of 20.36X, a roughly 6.9% premium to the industry average of 19.04X. The FCX stock is also trading at a premium to Southern Copper and BHP Group.
FCX’s P/E F12M Vs. Industry, SCCO and BHPZacks Investment Research
Image Source: Zacks Investment Research
Final Thoughts: Hold Onto FCX Stock
FCX is poised to gain from progress in expansion activities that will boost production capacity. Robust financial health allows FCX to invest in growth projects and drive shareholder value. Despite these positives, declining earnings estimates and retreating copper prices warrant caution. Holding onto this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report
BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
VANCOUVER, BC, May 5, 2025 /CNW/ – Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") provides an update for the Nechako Project where field work is soon to begin.
The Nechako Project is located in west-central British Columbia within the prolific Stikine terrane with several past producing deposits and advanced development projects in the region (Figure 1). Rokmaster has an option to acquire up to 100% of two road-accessible properties, the Mystery and Fox-Coconut properties, comprising the Nechako Project which when combined totals 21,755 hectares. Each property in the Nechako Project features positive historical exploration work which Rokmaster aims to build on and refine to develop compelling exploration drilling targets for significant Cu-Mo-Au mineralization in this favourable district.
The Mystery Property is the largest of the two properties and covers the Shelford Hills which was first explored by Kennco (1970) followed by BP-Selco and Canamax (1980-1983) with Noranda Exploration (1988-1989) all completing initial geochemical surveys with positive results. Since the 1970's, a group of claims termed the "Ford Claims" were held in the center of the current property during all the later work including when Quartz Mountain Resources (2012) and Copper Mountain Mining (2017) completed airborne geophysical surveys. The current Mystery Property now consolidates the Shelford hills which is a circular upland with exposures of pyrite- and clay-altered rhyolite and andesite belonging to the late cretaceous Kasalka group. A stock of monzonite outcrops in the center of the property and belongs to the fertile late cretaceous Bulkley suite which is associated with porphyry Cu-Mo-Au-Ag mineralization at the nearby Huckleberry, Ox, and Seel deposits1. On the southern margin of the monzonite stock, near the historic Ford Claims, a large soil Cu-Au anomaly is coincident with a circular magnetic feature measuring approximately 1 km in diameter (Figure 2). An exploration permit to conduct drilling on the Mystery Property was applied for in 2024 and the company anticipates approval very soon.
The Mystery Property neighbors several projects where exploration on similar Bulkley-age porphyry copper exploration targets is ongoing. Copper Quest Exploration's Rip Project is located 3 km to the south and initial drilling in 2024 (RP2024-001 and RP24-002) was reported to have intersected zones of anomalous Cu-Mo mineralization hosted in multiple phases of porphyritic intrusions and associated vein stockwork2. Vizsla Copper Corp. plans to drill their Poplar South target, located 28 km west of the Mystery Property, in 2025 following encouraging new geochemical and geophysical surveys3.
The Fox-Coconut Property is located approximately 17 km south of the Endako Mine and hosts two styles of mineralization: low-sulphidation quartz veins hosting high-grade silver-gold mineralization at the western Fox Showing and widespread propylitic alteration with broadly anomalous Cu-Mo-Au-Ag mineralization associated with a late cretaceous intrusive in the eastern Coconut area of the Property (Figure 3).
The western Fox Showing consists of a series of structurally controlled gold and silver bearing epithermal quartz veins, breccias, and stockworks hosted by felsic volcanic rocks of the Ootsa Lake Group. Channel samples collected south of the C Zone in 2024 returned up to 4.95 g/t Au and 1,001 g/ Ag over 1.0 m4. The eastern portion of the Fox-Coconut Property holds high potential for porphyry-style Cu-Mo mineralization with elevated copper-molybdenum-gold-silver values in rock samples collected throughout a large area of strong propylitic alteration. The alteration envelops newly mapped quartz feldspar porphyry and monzodiorite intrusives similar in style and appearance to the late cretaceous Cabin Lake Pluton located 17 km to the east. A recently discovered showing of subcropping boxwork quartz-limonite veining in a linear zone approximately 300 m in length returned up to 33.4 g/t Au and 6,273 g/t Ag from grab samples collected in 20195 and is a high priority target for follow-up work in 2025. An exploration permit for trenching and drilling in the Coconut area was recently approved and the Fox Showing area has an approved permit allowing for trenching and drilling.
Field work on the Nechako Project is expected to commence within two weeks depending on snow conditions. High-resolution magnetic surveys are planned over the Ford Anomaly on the Mystery Property and over the Fox Showing on the Fox-Coconut Property. Following these surveys, additional soil sampling on the Mystery Property is planned with IP surveys to commence in the summer months. On the Fox-Coconut Property, trenching on the NW structure in the eastern portion of the Property and further trenching on the Fox Showing is designed to expose and sample the high-grade Au-Ag mineralization.
John Mirko, President and CEO, comments:
"These two highly prospective properties comprise the Nechako Project in a region that was and remains a major producer of critical and precious metals. Rokmaster's focus is to explore for additional significant porphyry Cu-Mo and/or Cu-Au mineralization with efficient exploration programs to prepare robust targets for drill testing. The Mystery Property hosts a monzonite stock belonging to the fertile late cretaceous Bulkley suite with strong soil and magnetic anomalies. The Fox-Coconut Property hosts both high-grade silver-gold in quartz veins and impressive alteration and anomalous rock samples related to late cretaceous intrusive activity. We are excited to soon begin field work on the Nechako Project to develop and enhance multiple targets for drilling."
Corporate Update:
Further to the Company's news release dated April 4, 2025, the Company is extending by a further 30 days to June 3, 2025 the previously announced non-brokered financing (the "Financing") for a total of up to $550,000 involving the sale of flow-through shares and non-flow-through units.
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Footnote 1: Sharman, L., Lang, J.T. and Chapman, J. eds., 2021. Porphyry deposits of the northwestern Cordillera of North America: A 25-year update. CIM Special Volume 57. |
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Footnote 2: Copper Quest news release dated January 23, 2025. |
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Footnote 3: Vizsla Copper Corp. news release dated January 15, 2025. |
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Footnote 4: Rokmaster Resources Corp. news release dated October 1, 2024 |
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Footnote 5: Kennedy, T. 2019. Report on rock geochemistry for the Coconut Property. Kootenay Silver Corp. BC Assessment Report Database #38631. |
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Eric Titley, P.Geo., who is independent of Rokmaster and who acts as Rokmaster's Qualified Person.
On Behalf of the Board of Directors of
Rokmaster Resources Corp.
John Mirko,President & Chief Executive Officer.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms including the Financing; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future vents or results or otherwise.
Mystery Property (CNW Group/Rokmaster Resources Corp.)Fox Coconut Property (CNW Group/Rokmaster Resources Corp.)Rokmaster Resources Corp. logo (CNW Group/Rokmaster Resources Corp.)
SOURCE Rokmaster Resources Corp.
Cision
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Southern Copper (SCCO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this miner have returned -5.1%, compared to the Zacks S&P 500 composite's -0.7% change. During this period, the Zacks Mining – Non Ferrous industry, which Southern Copper falls in, has lost 4.5%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Southern Copper is expected to post earnings of $1.09 per share for the current quarter, representing a year-over-year change of -10.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -5.2%.
For the current fiscal year, the consensus earnings estimate of $4.41 points to a change of +1.9% from the prior year. Over the last 30 days, this estimate has changed -4.8%.
For the next fiscal year, the consensus earnings estimate of $4.63 indicates a change of +5% from what Southern Copper is expected to report a year ago. Over the past month, the estimate has changed +1.6%.
With an impressive externally audited track record, our proprietary stock rating tool — the Zacks Rank — is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Southern Copper.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS12-month consensus EPS estimate for SCCO _12MonthEPSChartUrlProjected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Southern Copper, the consensus sales estimate of $2.95 billion for the current quarter points to a year-over-year change of -5.5%. The $11.9 billion and $11.49 billion estimates for the current and next fiscal years indicate changes of +4.1% and -3.5%, respectively.
Last Reported Results and Surprise History
Southern Copper reported revenues of $3.12 billion in the last reported quarter, representing a year-over-year change of +20.1%. EPS of $1.19 for the same period compares with $0.94 a year ago.
Compared to the Zacks Consensus Estimate of $2.98 billion, the reported revenues represent a surprise of +4.67%. The EPS surprise was +5.31%.
Over the last four quarters, Southern Copper surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Southern Copper is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Southern Copper. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Most readers would already know that BHP Group's (ASX:BHP) stock increased by 4.6% over the past week. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. Particularly, we will be paying attention to BHP Group's ROE today.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
We've discovered 2 warning signs about BHP Group. View them for free.
How To Calculate Return On Equity?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for BHP Group is:
27% = US$13b ÷ US$50b (Based on the trailing twelve months to December 2024).
The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every A$1 worth of equity, the company was able to earn A$0.27 in profit.
See our latest analysis for BHP Group
What Has ROE Got To Do With Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.
BHP Group's Earnings Growth And 27% ROE
First thing first, we like that BHP Group has an impressive ROE. Secondly, even when compared to the industry average of 12% the company's ROE is quite impressive. Despite this, BHP Group's five year net income growth was quite low averaging at only 2.3%. That's a bit unexpected from a company which has such a high rate of return. A few likely reasons why this could happen is that the company could have a high payout ratio or the business has allocated capital poorly, for instance.
As a next step, we compared BHP Group's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 20% in the same period.
ASX:BHP Past Earnings Growth April 30th 2025
Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. What is BHP worth today? The intrinsic value infographic in our free research report helps visualize whether BHP is currently mispriced by the market.
Is BHP Group Using Its Retained Earnings Effectively?
With a high three-year median payout ratio of 80% (or a retention ratio of 20%), most of BHP Group's profits are being paid to shareholders. This definitely contributes to the low earnings growth seen by the company.
Additionally, BHP Group has paid dividends over a period of at least ten years, which means that the company's management is determined to pay dividends even if it means little to no earnings growth. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 51% over the next three years. Still forecasts suggest that BHP Group's future ROE will drop to 17% even though the the company's payout ratio is expected to decrease. This suggests that there could be other factors could driving the anticipated decline in the company's ROE.
Conclusion
In total, it does look like BHP Group has some positive aspects to its business. Although, we are disappointed to see a lack of growth in earnings even in spite of a high ROE. Bear in mind, the company reinvests a small portion of its profits, which means that investors aren't reaping the benefits of the high rate of return. With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Teck Resources Limited (TSE:TECK.B) will pay a dividend of CA$0.125 on the 30th of June. The dividend yield is 1.0% based on this payment, which is a little bit low compared to the other companies in the industry.
We check all companies for important risks. See what we found for Teck Resources in our free report.
Teck Resources' Projections Indicate Future Payments May Be UnsustainableEstimates Indicate Teck Resources' Could Struggle to Maintain Dividend Payments In The FutureTeck Resources' Future Dividends May Potentially Be At Risk
If it is predictable over a long period, even low dividend yields can be attractive. Despite not generating a profit, Teck Resources is still paying a dividend. It is also not generating any free cash flow, we definitely have concerns when it comes to the sustainability of the dividend.
The next 12 months is set to see EPS grow by 141.1%. However, if the dividend continues along recent trends, it could start putting pressure on the balance sheet with the payout ratio getting very high over the next year.
TSX:TECK.B Historic Dividend April 27th 2025
Check out our latest analysis for Teck Resources
Dividend Volatility
Although the company has a long dividend history, it has been cut at least once in the last 10 years. Since 2015, the dividend has gone from CA$0.90 total annually to CA$0.50. Doing the maths, this is a decline of about 5.7% per year. A company that decreases its dividend over time generally isn't what we are looking for.
The Company Could Face Some Challenges Growing The Dividend
Dividends have been going in the wrong direction, so we definitely want to see a different trend in the earnings per share. Teck Resources has impressed us by growing EPS at 13% per year over the past five years. Even though the company isn't making a profit, strong earnings growth could turn that around in the near future. If the company can become profitable soon, continuing on this trajectory would bode well for the future of the dividend.
The Dividend Could Prove To Be Unreliable
Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. While we generally think the level of distributions are a bit high, we wouldn't rule it out as becoming a good dividend payer in the future as its earnings are growing healthily. We don't think Teck Resources is a great stock to add to your portfolio if income is your focus.
It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. Earnings growth generally bodes well for the future value of company dividend payments. See if the 18 Teck Resources analysts we track are forecasting continued growth with our free report on analyst estimates for the company. Is Teck Resources not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Teck Resources Ltd
VANCOUVER, British Columbia, April 24, 2025 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual Meeting of Shareholders held on Thursday, April 24, 2025 (the “Meeting”). A total of 6,360,548 Class A common shares and 376,975,192 Class B subordinate voting shares were voted at the Meeting, representing 80.77% of the votes attached to all outstanding shares. Shareholder voting results are set out below.
1. Shareholders elected 11 directors, as follows:
|
Director |
Votes in Favour (#) |
Votes Against (#) |
Votes in Favour (%) |
|
A.J. Balhuizen |
988,246,034 |
1,849,386 |
99.81 |
|
J.K. Gowans |
977,858,085 |
12,236,992 |
98.76 |
|
N.B. Keevil, III |
986,832,768 |
3,262,615 |
99.67 |
|
C.E. McLeod-Seltzer |
981,328,907 |
8,766,470 |
99.11 |
|
S.A. Murray |
987,172,872 |
2,922,503 |
99.70 |
|
U.M. Power |
981,187,600 |
8,907,785 |
99.10 |
|
J.H. Price |
988,425,489 |
1,669,895 |
99.83 |
|
P.G. Schiodtz |
978,001,747 |
2,093,635 |
98.78 |
|
T.R. Snider |
984,657,051 |
5,438,330 |
99.45 |
|
S.A. Strunk |
958,817,924 |
31,277,459 |
96.84 |
|
Y. Yamato |
988,557,385 |
1,538,002 |
99.84 |
|
|
|
|
|
2. Shareholders voted to re-appoint PricewaterhouseCoopers LLP as auditor of Teck, with 96.23% of all votes cast in favour.
3. Shareholders voted to approve the advisory resolution on Teck’s approach to executive compensation as described in the Circular, with 98.46% of all votes cast in favour.
Detailed voting results for the Meeting will be available on SEDAR+ at www.sedarplus.ca. Further information about Teck’s directors, corporate governance, and executive compensation practices are available in the management information circular for the Meeting, which is available under Teck’s profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov), and on www.Teck.com/reports along with our 2024 Annual and Sustainability Reports.
About TeckTeck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.
Investor Contact:Ellen LaiCoordinator, Investor Relations604.699.4257ellen.lai@teck.com
Media Contact:Dale SteevesDirector, External Communications236.987.7405 dale.steeves@teck.com
Southern Copper (SCCO) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.31%. A quarter ago, it was expected that this miner would post earnings of $1.02 per share when it actually produced earnings of $1.01, delivering a surprise of -0.98%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Southern Copper , which belongs to the Zacks Mining – Non Ferrous industry, posted revenues of $3.12 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.67%. This compares to year-ago revenues of $2.6 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Southern Copper shares have added about 5.2% since the beginning of the year versus the S&P 500's decline of -6.8%.
What's Next for Southern Copper?
While Southern Copper has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Southern Copper: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.14 on $2.98 billion in revenues for the coming quarter and $4.47 on $11.91 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Non Ferrous is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ero Copper Corp. (ERO), is yet to report results for the quarter ended March 2025. The results are expected to be released on May 5.
This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +18.8%. The consensus EPS estimate for the quarter has been revised 94.2% higher over the last 30 days to the current level.
Ero Copper Corp.'s revenues are expected to be $158 million, up 49.3% from the year-ago quarter.
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This article originally published on Zacks Investment Research (zacks.com).
PHOENIX (AP) — PHOENIX (AP) — Southern Copper Corp. (SCCO) on Friday reported net income of $945.9 million in its first quarter.
On a per-share basis, the Phoenix-based company said it had profit of $1.19.
The miner posted revenue of $3.12 billion in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCCO at https://www.zacks.com/ap/SCCO
Teck Resources Limited TECK reported first-quarter 2025 adjusted earnings per share (EPS) of 42 cents, beating the Zacks Consensus Estimate of 24 cents. It marked a substantial improvement from the loss of one cent per share in the year-ago quarter. This was attributed to higher base metal prices and increased sales volume of copper and zinc in concentrate.
The prior-year quarter’s earnings have been adjusted by Teck Resources to reflect the sale of the steelmaking coal business or Elk Valley Resources (“EVR”) in the third quarter of 2024. Including the business, earnings in the first quarter of 2024 were previously 56 cents per share.
Including one-time items, the company reported EPS of 51 cents in the quarter against the year-ago quarter’s loss of 18 cents per share.
Teck Resources Ltd Price, Consensus and EPS SurpriseTeck Resources Ltd Price, Consensus and EPS Surprise
Teck Resources Ltd price-consensus-eps-surprise-chart | Teck Resources Ltd Quote
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
TECK Posts Y/Y Sales Growth & Solid Margin Expansion in Q1
Net sales amounted to $1.595 billion, surpassing the Zacks Consensus Estimate of $1.578 billion. The figure reflects a 33% year-over-year improvement over the prior year-quarter’s adjusted figure of $1.119 billion, aided by higher sales in both the copper and zinc segments.
Including EVR, the company’s sales in the year-ago quarter were around $2.96 billion.
The gross profit was CAD$536 million ($372 million), skyrocketing 217% from the year-ago quarter. The gross margin was 23.4% compared with the year-ago quarter’s 10.4%.
The adjusted EBITDA was CAD$927 million ($644 million), which soared 127% from the year-earlier period. The EBITDA margin was 40.5% in the quarter under review compared with the year-ago quarter’s 25.3%.
Teck Resources’ Q1 Segment Performances
The Copper segment’s net sales improved 40% year over year to CAD1.51 billion ($1.05 billion), attributed to higher production and copper prices.Total copper production was 106,100 tons, 7% higher than the first quarter of 2024. Copper in concentrate production from QB was 42,300 tons in the quarter, impacted by an extended shutdown in January, a national power outage in Chile and challenging weather, which reduced material movement needed to complete planned tailings lifts, ultimately reducing asset utilization. Copper sales in the quarter were 106,200 tons, up 11% year over year.
The segment’s gross profit skyrocketed 224% year over year to CAD$343 million ($238 million), attributed to higher copper prices and sales volume, and higher by-product and co-product revenues from molybdenum and zinc. These gains were partly offset by increased depreciation of QB assets and higher depreciation of capitalized stripping at Highland Valley Copper.
The Zinc segment’s net sales jumped 44% year over year to CAD$0.78 billion ($0.54 billion) on improved zinc prices and higher zinc concentrate sales volumes.
The segment’s gross profit marked a year-over-year surge of 206% to CAD$193 million ($134 million). This was attributed to increased zinc prices, lower zinc treatment charges and higher by-product revenues.
TECK’s Cash Flow & Balance Sheet
Teck Resources used CAD$515 million ($358 million) of cash in operating activities in the first quarter of 2025 against an inflow of CAD$42 million in the year-ago quarter.
The company had cash and cash equivalents of CAD$6.2 billion ($5.12 billion) at the end of the first quarter of 2025 compared with CAD$7.6 billion at the end of 2024.
So far this year, Teck Resources returned $505 million to shareholders through share buybacks. The company has completed $1.75 billion of its authorized share buyback program of $3.25 billion
Teck Resources’ Guidance for 2025
The company’s copper production is anticipated to be 490,000-565,000 tons. The zinc production is projected between 525,000 tons and 575,000 tons. Refined zinc output is estimated between 190,000 tons and 230,000 tons.
TECK Stock’s Price Performance
The company’s shares have lost 26.9% in the past year compared with the industry’s 11.3% decline.
Zacks Investment Research
Image Source: Zacks Investment Research
Teck Resources’ Peer Performances
Freeport-McMoRan Inc. FCX recorded earnings of 24 cents per share for first-quarter 2025, down around 25% from 32 cents in the year-ago quarter. EPS was in line with the Zacks Consensus Estimate.
Freeport-McMoRan’s revenues declined roughly 9.4% year over year to $5,728 million. The figure surpassed the consensus estimate of $5,307.6 million.Copper production declined around 20% year over year to 868 million pounds in the reported quarter. Sales declined around 21.2% year over year to 872 million pounds of copper. The company sold 128,000 ounces of gold, down around 77.5% year over year. FCX also sold 20 million pounds of molybdenum, stable year over year, in the reported quarter.
Southern Copper Corporation SCCO reported first-quarter EPS of $1.19, surpassing the Zacks Consensus Estimate of $1.13. The bottom line came in 25% higher than the year-ago quarter’s earnings of 95 cents per share.
Southern Copper’s net sales in the quarter were $3.122 billion, marking a 20.1% increase from the year-ago quarter. The improvement was attributed to higher sales volumes of copper (up 3.6%), molybdenum (9.9%), zinc (42.4%) and silver (14.1%) and an uptick in metal prices for all its products. Southern Copper mined 240,226 tons of copper in the reported quarter, flat year over year. Copper sales improved 3.6% year over year to 243,601 tons.
TECK’s Zacks Rank & A Stock to Consider
Teck Resources currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A better-ranked stock from the basic materials space is Equinox Gold Corp. EQX, which sports a Zacks Rank of 1 at present.
Equinox Gold has an average trailing four-quarter earnings surprise of 1.07%. The Zacks Consensus Estimate for the company’s fiscal 2025 earnings is pegged at 82 cents per share, implying 310% year-over-year growth. Its shares have gained 29.6% in a year.
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This article originally published on Zacks Investment Research (zacks.com).
Teck Resources Limited TECK reported first-quarter 2025 adjusted earnings per share (EPS) of 42 cents, beating the Zacks Consensus Estimate of 24 cents. It marked a substantial improvement from the loss of one cent per share in the year-ago quarter. This was attributed to higher base metal prices and increased sales volume of copper and zinc in concentrate.
The prior-year quarter’s earnings have been adjusted by Teck Resources to reflect the sale of the steelmaking coal business or Elk Valley Resources (“EVR”) in the third quarter of 2024. Including the business, earnings in the first quarter of 2024 were previously 56 cents per share.
Including one-time items, the company reported EPS of 51 cents in the quarter against the year-ago quarter’s loss of 18 cents per share.
Teck Resources Ltd Price, Consensus and EPS SurpriseTeck Resources Ltd Price, Consensus and EPS Surprise
Teck Resources Ltd price-consensus-eps-surprise-chart | Teck Resources Ltd Quote
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
TECK Posts Y/Y Sales Growth & Solid Margin Expansion in Q1
Net sales amounted to $1.595 billion, surpassing the Zacks Consensus Estimate of $1.578 billion. The figure reflects a 33% year-over-year improvement over the prior year-quarter’s adjusted figure of $1.119 billion, aided by higher sales in both the copper and zinc segments.
Including EVR, the company’s sales in the year-ago quarter were around $2.96 billion.
The gross profit was CAD$536 million ($372 million), skyrocketing 217% from the year-ago quarter. The gross margin was 23.4% compared with the year-ago quarter’s 10.4%.
The adjusted EBITDA was CAD$927 million ($644 million), which soared 127% from the year-earlier period. The EBITDA margin was 40.5% in the quarter under review compared with the year-ago quarter’s 25.3%.
Teck Resources’ Q1 Segment Performances
The Copper segment’s net sales improved 40% year over year to CAD1.51 billion ($1.05 billion), attributed to higher production and copper prices.Total copper production was 106,100 tons, 7% higher than the first quarter of 2024. Copper in concentrate production from QB was 42,300 tons in the quarter, impacted by an extended shutdown in January, a national power outage in Chile and challenging weather, which reduced material movement needed to complete planned tailings lifts, ultimately reducing asset utilization. Copper sales in the quarter were 106,200 tons, up 11% year over year.
The segment’s gross profit skyrocketed 224% year over year to CAD$343 million ($238 million), attributed to higher copper prices and sales volume, and higher by-product and co-product revenues from molybdenum and zinc. These gains were partly offset by increased depreciation of QB assets and higher depreciation of capitalized stripping at Highland Valley Copper.
The Zinc segment’s net sales jumped 44% year over year to CAD$0.78 billion ($0.54 billion) on improved zinc prices and higher zinc concentrate sales volumes.
The segment’s gross profit marked a year-over-year surge of 206% to CAD$193 million ($134 million). This was attributed to increased zinc prices, lower zinc treatment charges and higher by-product revenues.
TECK’s Cash Flow & Balance Sheet
Teck Resources used CAD$515 million ($358 million) of cash in operating activities in the first quarter of 2025 against an inflow of CAD$42 million in the year-ago quarter.
The company had cash and cash equivalents of CAD$6.2 billion ($5.12 billion) at the end of the first quarter of 2025 compared with CAD$7.6 billion at the end of 2024.
So far this year, Teck Resources returned $505 million to shareholders through share buybacks. The company has completed $1.75 billion of its authorized share buyback program of $3.25 billion
Teck Resources’ Guidance for 2025
The company’s copper production is anticipated to be 490,000-565,000 tons. The zinc production is projected between 525,000 tons and 575,000 tons. Refined zinc output is estimated between 190,000 tons and 230,000 tons.
TECK Stock’s Price Performance
The company’s shares have lost 26.9% in the past year compared with the industry’s 11.3% decline.
Zacks Investment Research
Image Source: Zacks Investment Research
Teck Resources’ Peer Performances
Freeport-McMoRan Inc. FCX recorded earnings of 24 cents per share for first-quarter 2025, down around 25% from 32 cents in the year-ago quarter. EPS was in line with the Zacks Consensus Estimate.
Freeport-McMoRan’s revenues declined roughly 9.4% year over year to $5,728 million. The figure surpassed the consensus estimate of $5,307.6 million.Copper production declined around 20% year over year to 868 million pounds in the reported quarter. Sales declined around 21.2% year over year to 872 million pounds of copper. The company sold 128,000 ounces of gold, down around 77.5% year over year. FCX also sold 20 million pounds of molybdenum, stable year over year, in the reported quarter.
Southern Copper Corporation SCCO reported first-quarter EPS of $1.19, surpassing the Zacks Consensus Estimate of $1.13. The bottom line came in 25% higher than the year-ago quarter’s earnings of 95 cents per share.
Southern Copper’s net sales in the quarter were $3.122 billion, marking a 20.1% increase from the year-ago quarter. The improvement was attributed to higher sales volumes of copper (up 3.6%), molybdenum (9.9%), zinc (42.4%) and silver (14.1%) and an uptick in metal prices for all its products. Southern Copper mined 240,226 tons of copper in the reported quarter, flat year over year. Copper sales improved 3.6% year over year to 243,601 tons.
TECK’s Zacks Rank & A Stock to Consider
Teck Resources currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A better-ranked stock from the basic materials space is Equinox Gold Corp. EQX, which sports a Zacks Rank of 1 at present.
Equinox Gold has an average trailing four-quarter earnings surprise of 1.07%. The Zacks Consensus Estimate for the company’s fiscal 2025 earnings is pegged at 82 cents per share, implying 310% year-over-year growth. Its shares have gained 29.6% in a year.
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This article originally published on Zacks Investment Research (zacks.com).
VANCOUVER, BC, April 25, 2025 /CNW/ – Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to provide a permitting update for its 100% owned Selkirk Project.
The Selkirk Project is comprised of three properties: (a) the Keystone Property; (b) the Downie Gold Property; and (c) the Rift Property located north of Revelstoke in southeastern British Columbia (Figure 1). These three properties have been steadily advanced by Rokmaster since 2021 with positive results generated from geological mapping, prospecting, channel sampling, and soil sampling.
A three year Multi-year Area Based Exploration Permit ("MYAB Permit") has now been approved on the Keystone Property by the British Columbia Ministry of Mining and Critical Minerals. The MYAB Permit allows for up to 20 helicopter-supported drill sites and 7 helicopter pads. Both Replacement and vein-hosted sphalerite and galena mineralization has been discovered throughout the large Keystone Property during field work programs conducted between 2021 and 2024 (Figure 2). The rock grab samples have returned significant values of zinc, lead, silver and gold concentrated in two main areas of the Property where zones of dense quartz-galena-sphalerite veining is hosted in deformed dolostone. The northern extension of the mapped Akolkolex Thrust fault occurs within and proximal to the property, providing potential for orogenic-style gold mineralization.
Another separate three year MYAB Permit has also now been approved on the Downie Gold Property by the British Columbia Ministry of Mining and Critical Minerals. The MYAB Permit allows for up to 15 helicopter-supported drill sites and 6 helicopter pads. The Downie Gold Property hosts elevated gold in massive pyrrhotite-pyrite-galena mineralization associated with discordant stockwork veins and silicification in limestone rocks at the KJ Zone (Figure 3). In 2022, channel sample KJ6 returned 7.51 g/t Au, 616.14 g/t Ag, 7.93% Pb, and 1.72 % Zn over 3.50 meters (see news release dated December 19, 2022). At the Melt Zone in the western portion of the Downie Gold Property, skarn-style massive pyrrhotite and sphalerite mineralization locally hosts elevated gold proximal to the Goldstream Pluton.
Also included in the Selkirk Project is the 299 hectare Rift Property which hosts an exposure of a stratabound high-grade sphalerite-galena horizon with an intersection of high-grade zinc approximately 460 m to the east in drillhole M-85-2. See news release dated November 5, 2024 for more details on Selkirk Project.
John Mirko, President and CEO, comments:
"We are very pleased to receive exploration permits allowing for drill testing on the multiple targets Rokmaster has generated on the Selkirk Project with detailed work over a number of years. The Keystone and Downie Gold Properties feature impressive polymetallic gold, silver, lead, and zinc mineralization in surface exposures which have yet to be thoroughly drilled to test the high potential at depth."
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Eric Titley, P.Geo. who is independent of Rokmaster and who acts as Rokmaster's Qualified Person.
On Behalf of the Board of Directors of
Rokmaster Resources Corp.
John Mirko,President & Chief Executive Officer.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future vents or results or otherwise.
Keystone (CNW Group/Rokmaster Resources Corp.)Downie Gold (CNW Group/Rokmaster Resources Corp.)Rokmaster Resources Corp. logo (CNW Group/Rokmaster Resources Corp.) (CNW Group/Rokmaster Resources Corp.)
SOURCE Rokmaster Resources Corp.
Cision
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/25/c1987.html
Teck Resources Ltd
VANCOUVER, British Columbia, April 24, 2025 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that its Board of Directors has declared an eligible dividend of $0.125 per share on its outstanding Class A common shares and Class B subordinate voting shares, to be paid on June 30, 2025 to shareholders of record at the close of business on June 16, 2025.
About TeckTeck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.
Investor Contact:Emma ChapmanVice President, Investor Relations +44.207.509.6576emma.chapman@teck.com
Media Contact:Dale SteevesDirector, External Communications236.987.7405 dale.steeves@teck.com
Lundin Mining (LUNMF) shares ended the last trading session 6.4% higher at $8.47. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 14.1% loss over the past four weeks.
Lundin Mining got a boost on the back of a rise in gold and copper prices. Gold is currently at around $3,327 per ounce, gaining 27% so far this year. Copper futures rose to around $4.90 per pound, marking a three-week high as hopes for a de-escalation in US-China trade tensions boosted investor sentiment.
This base metals mining company is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of +83.3%. Revenues are expected to be $853.48 million, down 8.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Lundin, the consensus EPS estimate for the quarter has been revised 13.4% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on LUNMF going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Lundin is a member of the Zacks Mining – Non Ferrous industry. One other stock in the same industry, Ero Copper Corp. (ERO), finished the last trading session 5.9% higher at $11.89. ERO has returned -19.7% over the past month.
Ero Copper's consensus EPS estimate for the upcoming report has changed +94.2% over the past month to $0.22. Compared to the company's year-ago EPS, this represents a change of +37.5%. Ero Copper currently boasts a Zacks Rank of #3 (Hold).
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This article originally published on Zacks Investment Research (zacks.com).
Canada's main stock index opened subdued on Thursday after rallying in the previous two sessions, as investors took a breather to assess the Trump administration's shifting positions on tariffs.
The TSX Composite Index gained 53.03 points to begin Thursday’s session at 24,525.71.
The Canadian dollar inched 0.10 cents to 72.16 cents U.S.
Teck Resources beat first-quarter expectations, helped by higher commodity prices and copper sales volumes. Teck shares prospered $2.06, or 4.3%, to $50.43.
On the economic agenda, Statistics Canada reports the number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 49,000 (-0.3%) in February, following an increase of 14,400 (+0.1%) in January.
On a year-over-year basis, payroll employment was up 124,300 (+0.7%) in February.
ON BAYSTREET
The TSX Venture Exchange added 3.68 points to 639.11.
Eight of the 12 subgroups were higher to begin the session, led by health-care, improving 2.2%, information technology, popping 1.6%, and energy, 0.5% more energetic.
The four laggards were weighed most by consumer staples, down 0.6%, while industrials and utilities each shed 0.2%.
ON WALLSTREET The S&P 500 was little changed Thursday as traders continued to look for signs of progress on the global trade front.
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The Dow Jones Industrials gained 195.59 points to 39,802.16, despite a 6% drop in IBM shares.
The S&P index climbed 62.25 points, or 1.2%, to 5,438.48
The NASDAQ Composite climbed 275.86 points, or 1.7%, to 16,983.91
China said overnight that there were no trade talks taking place with the U.S., with Ministry of Commerce spokesperson He Yadong adding that “all sayings” regarding progress on bilateral talks should be dismissed. He also called for the cancelation of “unilateral” tariffs.
Those remarks came after President Donald Trump said he is willing to take a less confrontational approach toward trade talks with Beijing. Further, Treasury Secretary Scott Bessent said Wednesday that the U.S. has the “opportunity for a big deal” on trade. Chinese imports are subject to a U.S. tariff of 145%.
Prices for the 10-year Treasury gained ground Thursday, lowering yields to 4.32% from Wednesday’s 4.38%. Treasury prices and yields in opposite directions.
Oil prices inched higher 27 cents to $62.54 U.S. a barrel.
Prices for gold jumped $27.00 to $3,321.10 U.S.
Teck Resources Ltd (TECK) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this company would post earnings of $0.22 per share when it actually produced earnings of $0.33, delivering a surprise of 50%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Teck Resources , which belongs to the Zacks Mining – Miscellaneous industry, posted revenues of $1.6 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.10%. This compares to year-ago revenues of $2.96 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Teck Resources shares have lost about 13.9% since the beginning of the year versus the S&P 500's decline of -8.6%.
What's Next for Teck Resources?
While Teck Resources has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Teck Resources: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $1.63 billion in revenues for the coming quarter and $1.42 on $7.33 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Miscellaneous is currently in the bottom 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Wheaton Precious Metals Corp. (WPM), is yet to report results for the quarter ended March 2025. The results are expected to be released on May 8.
This company is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of +41.7%. The consensus EPS estimate for the quarter has been revised 6.2% higher over the last 30 days to the current level.
Wheaton Precious Metals Corp.'s revenues are expected to be $404.02 million, up 36.1% from the year-ago quarter.
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This article originally published on Zacks Investment Research (zacks.com).
(Reuters) -Canadian miner Teck Resources on Thursday reported first-quarter results that beat expectations due to higher commodity prices and copper sales volumes.
The company reported adjusted earnings per share from continuing operations of C$0.60, above expectations of C$0.32, according to data compiled by LSEG.
"Our profitability improved significantly … primarily as a result of higher base metal prices, increased copper and zinc in concentrate sales volumes, and the positive impact of a weaker Canadian dollar on our business," Teck said in a statement.
Teck's first-quarter copper sales volumes rose to 106,200 tonnes, an increase of 11% year-on-year.
Revenue rose to C$2.29 billion ($1.65 billion) from C$1.62 billion last year, beating expectations.
Teck also maintained its forecast for 2025.
In February, the company had said that U.S. President Donald Trump's tariffs on Canadian imports will not have any material impact on its business.
($1 = 1.3867 Canadian dollars)
(Reporting by Kanjyik Ghosh; Editing by Mrigank Dhaniwala)
Teck Resources Ltd
Strong quarterly EBITDA and resilient balance sheet
VANCOUVER, British Columbia, April 24, 2025 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (Teck) today announced its unaudited first quarter results for 2025.
"Our profitability improved significantly in the first quarter compared to a year ago as a result of higher commodity prices and copper sales volumes, and we continue to return significant cash to shareholders," said Jonathan Price, President and CEO. "We remain committed to our strategy of balancing value-accretive growth with returns to shareholders, and our strong balance sheet and commercial strategy provide us with resilience and the ability to continue to create value amidst market uncertainty."
Highlights
Adjusted EBITDA1 of $927 million in Q1 2025 more than doubled compared to the same period last year, primarily driven by higher copper and zinc prices, and increased sales volumes of copper and zinc in concentrate. Our profit from continuing operations before taxes was $450 million in Q1 2025.
Adjusted profit from continuing operations attributable to shareholders1 was $303 million, or $0.60 per share, in Q1 2025. Our profit from continuing operations attributable to shareholders was $370 million.
From January 1 through April 23, 2025, we returned $505 million to shareholders through share buybacks, and in total, have completed $1.75 billion of our authorized share buyback program of $3.25 billion.
Our strong balance sheet provides resilience to market uncertainty, with liquidity as at April 23, 2025 of $10.0 billion, including $5.8 billion of cash. We ended the quarter in a net cash1 position of $764 million.
QB successfully achieved the completion testing requirements under the US$2.5 billion project finance facility, another milestone for QB that further confirms the robustness of the design, construction and operational performance of the asset as we advance ramp-up to consistent full production.
Copper production increased by 7% to 106,100 tonnes in Q1 2025 with steady performance across our established operations. QB produced 42,300 tonnes as production was impacted by an extended shutdown in January, a national power outage in Chile, and challenging weather, which reduced material movement needed to complete planned tailings lifts, ultimately reducing asset utilization.
Our copper business generated gross profit before depreciation and amortization1 of $704 million in the first quarter, up 90% from a year ago, driven by higher copper prices and an increase in sales volumes of 11% to 106,200 tonnes. Gross profit from our copper business was $343 million in the first quarter.
Our zinc business generated gross profit before depreciation and amortization1 of $225 million in the first quarter, up 79% from a year ago, supported by a 16% increase in zinc prices, strong sales volumes at Red Dog, and improved profitability at Trail. Sales volumes from Red Dog were 90,800 tonnes, higher than our previously disclosed guidance range. Gross profit from our zinc business was $193 million in the first quarter.
QB's third labour union ratified a new three-year collective bargaining agreement in early April, completing all labour negotiations for QB's workforce. Labour agreements are now in place through 2028 across our QB operation.
Note:1. This is a non-GAAP financial measure or ratio. See “Use of Non-GAAP Financial Measures and Ratios” for further information.
Financial Summary Q1 2025
|
Financial Metrics(CAD$ in millions, except per share data) |
Q1 2025 |
Q1 2024 |
||||
|
Revenue |
$ |
2,290 |
|
$ |
1,619 |
|
|
Gross profit |
$ |
536 |
|
$ |
169 |
|
|
Gross profit before depreciation and amortization1 |
$ |
929 |
|
$ |
497 |
|
|
Profit (loss) from continuing operations before taxes |
$ |
450 |
|
$ |
(235 |
) |
|
Adjusted EBITDA1 |
$ |
927 |
|
$ |
409 |
|
|
Profit (loss) from continuing operations attributable to shareholders |
$ |
370 |
|
$ |
(125 |
) |
|
Adjusted profit (loss) from continuing operations attributable to shareholders1 |
$ |
303 |
|
$ |
(6 |
) |
|
Basic earnings (loss) per share from continuing operations |
$ |
0.74 |
|
$ |
(0.24 |
) |
|
Diluted earnings (loss) per share from continuing operations |
$ |
0.73 |
|
$ |
(0.24 |
) |
|
Adjusted basic earnings (loss) per share from continuing operations1 |
$ |
0.60 |
|
$ |
(0.01 |
) |
|
Adjusted diluted earnings (loss) per share from continuing operations1 |
$ |
0.60 |
|
$ |
(0.01 |
) |
|
|
|
|
|
|
|
|
Note:1. This is a non-GAAP financial measure or ratio. See “Use of Non-GAAP Financial Measures and Ratios” for further information.
Key Updates
QB Ramp-Up
QB ramp-up continued in the quarter with production of 42,300 tonnes. Production during the quarter was impacted by the 18-day shutdown in January to conduct maintenance and reliability work, and complete additional tailings lifts as part of the development of the Tailings Management Facility (TMF), as previously disclosed. Production was also negatively impacted by a nationwide power outage in Chile at the end of February, which resulted in the site being without power causing several days of unplanned downtime.
In the first quarter, challenging weather impacted the material movement needed to complete the planned tailings lifts, ultimately reducing asset utilization and production. TMF development was also impacted by challenges with sand deposition in the first quarter of 2025 due to sand drainage times being longer than expected. This has resulted in a delay in completing the required tailings lifts associated with the development of the TMF. As a result, we expect to extend planned maintenance shutdowns in the second and third quarters to advance TMF development.
Despite factors impacting asset utilization at QB, outlined above, and excluding the extended shut-down in the quarter, the average daily plant throughput increased in the first quarter of 2025 compared to the fourth quarter of 2024, demonstrating continued improvement in operational stability. Higher levels of transition ore material were mined in the first quarter, leading to lower recoveries, consistent with our previously disclosed guidance. Higher grade ore mined in March increased the average grade in the first quarter. We continue to estimate average grades of approximately 0.60% for 2025, and grade variability is expected over the mine life.
The overall performance of QB continues to improve, as indicated by the average daily throughput rates, and recoveries and grades are in line with our expectations. Further validating the capability of the operations to operate at design levels and generate strong cash flow, we achieved the QB project financing completion testing requirements, which included a series of independently verified operational and technical tests. With this milestone now reached, Teck and the other sponsor guarantees of the project finance facility have been released.
We continue to expect to be within our previously disclosed 2025 annual copper and molybdenum production guidance ranges for QB of between 230,000 and 270,000 tonnes and between 3,000 and 4,500 tonnes, respectively, albeit at the lower end of the ranges as a result of the maintenance shutdowns, noted above. Our previously disclosed 2025 annual net cash unit cost1 guidance for QB of US$1.80 –$2.15 per pound is unchanged, although we expect to be at the higher end of the range.
Note:1. This is a non-GAAP financial measure or ratio. See “Use of Non-GAAP Financial Measures and Ratios” for further information.
Value-Driven Growth
In Q1, we continued to make progress in advancing our copper growth strategy, reinforcing our commitment to long-term value creation through a balanced approach of growth investments and shareholder returns. Our focus remains on advancing our near-term projects – Highland Valley Copper Mine Life Extension (HVC MLE), Zafranal, where we received the permit for Advanced Works in early April, and San Nicolás – for potential sanction decisions in 2025, and advancing optimization of QB, with a strong focus on identifying near-term opportunities for debottlenecking within the current asset base.
Our disciplined capital allocation framework and project sanction requirements address short term uncertainty in commodity pricing and enable prudent deployment of capital. All growth projects must meet stringent criteria, delivering attractive risk-adjusted returns and competing for capital in alignment with Teck’s capital allocation framework.
Safety and Sustainability Leadership
Our High-Potential Incident (HPI) Frequency rate remained low at 0.05, reflecting strong safety performance in the first quarter of 2025.
On March 21, 2025, we released our 24th annual Sustainability Report, outlining Teck’s 2024 environmental and social performance and continued commitment to responsible development.
Guidance
There has been no change to our previously disclosed guidance. Our guidance is outlined in summary below and our usual guidance tables, including three-year production guidance, can be found on pages 25–28 of Teck’s first quarter results for 2025 at the link below.
|
2025 Guidance – Summary |
Current |
|
Production Guidance |
|
|
Copper (000’s tonnes) |
490 – 565 |
|
Zinc (000’s tonnes) |
525 – 575 |
|
Refined zinc (000’s tonnes) |
190 – 230 |
|
Sales Guidance – Q2 2025 |
|
|
Red Dog zinc in concentrate sales (000’s tonnes) |
25 – 35 |
|
Unit Cost Guidance |
|
|
Copper net cash unit costs (US$/lb.)1 |
1.65 – 1.95 |
|
Zinc net cash unit costs (US$/lb.)1 |
0.45 – 0.55 |
|
|
|
Note:1. This is a non-GAAP financial measure or ratio. See “Use of Non-GAAP Financial Measures and Ratios” for further information.
All dollar amounts expressed in this news release are in Canadian dollars unless otherwise noted.
Click here to view Teck’s full first quarter results for 2025.
WEBCAST
Teck will host an Investor Conference Call to discuss its Q1/2025 financial results at 11:00 AM Eastern time, 8:00 AM Pacific time, on April 24, 2025. A live audio webcast of the conference call, together with supporting presentation slides, will be available at our website at www.teck.com. The webcast will be archived at www.teck.com.
REFERENCE
Emma Chapman, Vice President, Investor Relations: +44 207.509.6576Dale Steeves, Director, External Communications: +1 236.987.7405
USE OF NON-GAAP FINANCIAL MEASURES AND RATIOS
Our annual financial statements are prepared in accordance with IFRS® Accounting Standards as issued by the International Accounting Standards Board (IASB). Our interim financial results are prepared in accordance with IAS 34, Interim Financial Reporting (IAS 34). This document refers to a number of non-GAAP financial measures and non-GAAP ratios, which are not measures recognized under IFRS Accounting Standards and do not have a standardized meaning prescribed by IFRS Accounting Standards or by Generally Accepted Accounting Principles (GAAP) in the United States.
The non-GAAP financial measures and non-GAAP ratios described below do not have standardized meanings under IFRS Accounting Standards, may differ from those used by other issuers, and may not be comparable to similar financial measures and ratios reported by other issuers. These financial measures and ratios have been derived from our financial statements and applied on a consistent basis as appropriate. We disclose these financial measures and ratios because we believe they assist readers in understanding the results of our operations and financial position and provide further information about our financial results to investors. These measures should not be considered in isolation or used as a substitute for other measures of performance prepared in accordance with IFRS Accounting Standards.
Adjusted profit (loss) from continuing operations attributable to shareholders – For adjusted profit from continuing operations attributable to shareholders, we adjust profit from continuing operations attributable to shareholders as reported to remove the after-tax effect of certain types of transactions that reflect measurement changes on our balance sheet or are not indicative of our normal operating activities.
EBITDA – EBITDA is profit before net finance expense, provision for income taxes, and depreciation and amortization.
Adjusted EBITDA – Adjusted EBITDA is EBITDA before the pre-tax effect of the adjustments that we make to adjusted profit from continuing operations attributable to shareholders as described above.
Adjusted profit from continuing operations attributable to shareholders, EBITDA and Adjusted EBITDA highlight items and allow us and readers to analyze the rest of our results more clearly. We believe that disclosing these measures assists readers in understanding the ongoing cash-generating potential of our business in order to provide liquidity to fund working capital needs, service outstanding debt, fund future capital expenditures and investment opportunities, and pay dividends.
Adjusted basic earnings (loss) per share from continuing operations – Adjusted basic earnings per share from continuing operations is adjusted profit from continuing operations attributable to shareholders divided by average number of shares outstanding in the period.
Adjusted diluted earnings (loss) per share from continuing operations – Adjusted diluted earnings per share from continuing operations is adjusted profit from continuing operations attributable to shareholders divided by average number of fully diluted shares in a period.
Gross profit before depreciation and amortization – Gross profit before depreciation and amortization is gross profit with depreciation and amortization expense added back. We believe this measure assists us and readers to assess our ability to generate cash flow from our reportable segments or overall operations.
Total cash unit costs – Total cash unit costs for our copper and zinc operations includes adjusted cash costs of sales, as described below, plus the smelter and refining charges added back in determining adjusted revenue. This presentation allows a comparison of total cash unit costs, including smelter charges, to the underlying price of copper or zinc in order to assess the margin for the mine on a per unit basis.
Net cash unit costs – Net cash unit costs of principal product, after deducting co-product and by-product margins, are also a common industry measure. By deducting the co- and by-product margin per unit of the principal product, the margin for the mine on a per unit basis may be presented in a single metric for comparison to other operations.
Adjusted cash cost of sales – Adjusted cash cost of sales for our copper and zinc operations is defined as the cost of the product delivered to the port of shipment, excluding depreciation and amortization charges, any one-time collective agreement charges or inventory write-down provisions and by-product cost of sales. It is common practice in the industry to exclude depreciation and amortization, as these costs are non-cash, and discounted cash flow valuation models used in the industry substitute expectations of future capital spending for these amounts.
Total debt – Total debt is the sum of debt plus lease liabilities, including the current portions of debt and lease liabilities.
Net debt (cash) – Net debt (cash) is total debt, less cash and cash equivalents. Net cash is the amount by which our cash balance exceeds our total debt balance.
Profit (Loss) from Continuing Operations Attributable to Shareholders and Adjusted Profit (Loss) from Continuing Operations Attributable to Shareholders
|
|
Three months ended March 31, |
|||||
|
(CAD$ in millions) |
|
2025 |
|
2024 |
||
|
|
|
|
||||
|
Profit (loss) from continuing operations attributable to shareholders |
$ |
370 |
|
$ |
(125 |
) |
|
Add (deduct) on an after-tax basis: |
|
|
||||
|
QB variable consideration to IMSA and Codelco |
|
(50 |
) |
|
10 |
|
|
Environmental costs |
|
6 |
|
|
(11 |
) |
|
Share-based compensation |
|
10 |
|
|
25 |
|
|
Commodity derivatives |
|
(20 |
) |
|
2 |
|
|
Foreign exchange losses |
|
— |
|
|
22 |
|
|
Tax items |
|
(28 |
) |
|
44 |
|
|
Other |
|
15 |
|
|
27 |
|
|
|
|
|
||||
|
Adjusted profit (loss) from continuing operations attributable to shareholders |
$ |
303 |
|
$ |
(6 |
) |
|
|
|
|
||||
|
Basic earnings (loss) per share from continuing operations |
$ |
0.74 |
|
$ |
(0.24 |
) |
|
Diluted earnings (loss) per share from continuing operations |
$ |
0.73 |
|
$ |
(0.24 |
) |
|
Adjusted basic earnings (loss) per share from continuing operations |
$ |
0.60 |
|
$ |
(0.01 |
) |
|
Adjusted diluted earnings (loss) per share from continuing operations |
$ |
0.60 |
|
$ |
(0.01 |
) |
|
|
|
|
||||
|
|
|
|
||||
Reconciliation of Basic Earnings (Loss) per share from Continuing Operations to Adjusted Basic Earnings (Loss) per share from Continuing Operations
|
|
Three months ended March 31, |
|||||
|
(Per share amounts) |
|
2025 |
|
2024 |
||
|
|
|
|
||||
|
Basic earnings (loss) per share from continuing operations |
$ |
0.74 |
|
$ |
(0.24 |
) |
|
Add (deduct): |
|
|
||||
|
QB variable consideration to IMSA and Codelco |
|
(0.10 |
) |
|
0.02 |
|
|
Environmental costs |
|
0.01 |
|
|
(0.02 |
) |
|
Share-based compensation |
|
0.02 |
|
|
0.05 |
|
|
Commodity derivatives |
|
(0.04 |
) |
|
— |
|
|
Foreign exchange losses |
|
— |
|
|
0.04 |
|
|
Tax items |
|
(0.06 |
) |
|
0.08 |
|
|
Other |
|
0.03 |
|
|
0.06 |
|
|
|
|
|
||||
|
Adjusted basic earnings (loss) per share from continuing operations |
$ |
0.60 |
|
$ |
(0.01 |
) |
|
|
|
|
||||
|
|
|
|
||||
Reconciliation of Diluted Earnings (Loss) per share from Continuing Operations to Adjusted Diluted Earnings (Loss) per share from Continuing Operations
|
|
Three months ended March 31, |
|||||
|
(Per share amounts) |
|
2025 |
|
2024 |
||
|
|
|
|
||||
|
Diluted earnings (loss) per share from continuing operations |
$ |
0.73 |
|
$ |
(0.24 |
) |
|
Add (deduct): |
|
|
||||
|
QB variable consideration to IMSA and Codelco |
|
(0.10 |
) |
|
0.02 |
|
|
Environmental costs |
|
0.01 |
|
|
(0.02 |
) |
|
Share-based compensation |
|
0.02 |
|
|
0.05 |
|
|
Commodity derivatives |
|
(0.04 |
) |
|
— |
|
|
Foreign exchange losses |
|
— |
|
|
0.04 |
|
|
Tax items |
|
(0.05 |
) |
|
0.08 |
|
|
Other |
|
0.03 |
|
|
0.06 |
|
|
|
|
|
||||
|
Adjusted diluted earnings (loss) per share from continuing operations |
$ |
0.60 |
|
$ |
(0.01 |
) |
|
|
|
|
||||
|
|
|
|
||||
Reconciliation of EBITDA and Adjusted EBITDA
|
|
Three months ended March 31, |
|||||
|
(CAD$ in millions) |
|
2025 |
|
2024 |
||
|
|
|
|
||||
|
Profit (loss) from continuing operations before taxes |
$ |
450 |
|
$ |
(235 |
) |
|
Finance expense net of finance income |
|
129 |
|
|
196 |
|
|
Depreciation and amortization |
|
412 |
|
|
345 |
|
|
|
|
|
||||
|
EBITDA |
|
991 |
|
|
306 |
|
|
|
|
|
||||
|
Add (deduct): |
|
|
||||
|
QB variable consideration to IMSA and Codelco |
|
(84 |
) |
|
20 |
|
|
Environmental costs |
|
9 |
|
|
(22 |
) |
|
Share-based compensation |
|
12 |
|
|
33 |
|
|
Commodity derivatives |
|
(28 |
) |
|
2 |
|
|
Foreign exchange (gains) losses |
|
(1 |
) |
|
18 |
|
|
Other |
|
28 |
|
|
52 |
|
|
|
|
|
||||
|
Adjusted EBITDA |
$ |
927 |
|
$ |
409 |
|
|
|
|
|
||||
|
|
|
|
||||
Reconciliation of Gross Profit Before Depreciation and Amortization
|
|
Three months ended March 31, |
|||||
|
(CAD$ in millions) |
|
2025 |
|
2024 |
||
|
|
|
|
||||
|
Gross profit |
$ |
536 |
|
$ |
169 |
|
|
Depreciation and amortization |
|
393 |
|
|
328 |
|
|
|
|
|
||||
|
Gross profit before depreciation and amortization |
$ |
929 |
|
$ |
497 |
|
|
|
|
|
||||
|
Reported as: |
|
|
||||
|
Copper |
|
|
||||
|
Quebrada Blanca |
$ |
176 |
|
$ |
66 |
|
|
Highland Valley Copper |
|
190 |
|
|
112 |
|
|
Antamina |
|
233 |
|
|
197 |
|
|
Carmen de Andacollo |
|
104 |
|
|
(4 |
) |
|
Other |
|
1 |
|
|
— |
|
|
|
|
|
||||
|
|
|
704 |
|
|
371 |
|
|
|
|
|
||||
|
Zinc |
|
|
||||
|
Trail Operations |
|
80 |
|
|
25 |
|
|
Red Dog |
|
139 |
|
|
108 |
|
|
Other |
|
6 |
|
|
(7 |
) |
|
|
|
|
||||
|
|
|
225 |
|
|
126 |
|
|
|
|
|
||||
|
Gross profit before depreciation and amortization |
$ |
929 |
|
$ |
497 |
|
|
|
|
|
||||
|
|
|
|
||||
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “should”, “believe” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this news release.
These forward-looking statements include, but are not limited to, statements concerning: our focus and strategy, including being a pure-play energy transition metals company; anticipated global and regional supply, demand and market outlook for our commodities; our business, assets, and strategy going forward, including with respect to future and ongoing project development; our ability to execute our copper growth strategy in a value accretive manner; the timing and format of any cash returns to shareholders; our expectations regarding cost, timing and completion of TMF development and installation of remaining permanent tailings infrastructure at our QB operations; the continued ramp-up to consistent full production and future optimization and debottlenecking of our QB operations; our expectations with respect to the occurrence, timing and length of required maintenance shutdowns; expectations regarding inflationary pressures and our ability to manage controllable operating expenditures; expectations with respect to the potential impact of any tariffs, countervailing duties or other trade restrictions, including the impact on trade flows, demand for our products and general economic conditions and our ability to manage our sale arrangements to minimize any impacts or maintain compliance with any exemptions provided; expectations with respect to execution of our copper growth strategy, including the timing and occurrence of any sanction decisions and prioritization and amount of planned growth capital expenditures; expectations regarding advancement of our copper growth portfolio projects, including advancement of study, permitting, execution planning, detailed engineering and design, risk mitigation, and advanced early works, community and Indigenous engagement, completion of updated cost estimates, tendering processes, and timing for receipt of permits related to QB debottlenecking, the HVC MLE, San Nicolás, and Zafranal projects, as applicable; expectations with respect to timing and outcome of the regulatory approvals process for our copper growth projects, including with respect to the dispute resolution processes underway related to HVC MLE; expectations for copper growth capital expenditures to progress our medium- to long-term projects, including Galore Creek, Schaft Creek, NewRange, and NuevaUnion; expectations regarding our effective tax rate; liquidity and availability of borrowings under our credit facilities; requirements to post and our ability to obtain additional credit for posting security for reclamation at our sites; expectations for our general and administration and research and innovation costs and costs related to the ERP system; all guidance appearing in this document including but not limited to the production, sales, cost, unit cost, capital expenditure, capitalized production stripping, operating outlook, and other guidance under the headings “Guidance” and "Outlook" and as discussed elsewhere in the various reportable segment sections; our expectations regarding inflationary pressures and increased key input costs; and expectations regarding the adoption of new accounting standards and the impact of new accounting developments.
These statements are based on a number of assumptions, including, but not limited to, assumptions disclosed elsewhere in this document and assumptions regarding general business and economic conditions, interest rates, commodity and power prices; acts of foreign or domestic governments and the outcome of legal proceedings; the imposition of tariffs, import or export restrictions, or other trade barriers or retaliatory measures by foreign or domestic governments; the continued operation of QB in accordance with our expectations; our ability to complete TMF development work in a timely manner; the possibility that our business may not perform as expected or in a manner consistent with historical performance; the supply and demand for, deliveries of, and the level and volatility of prices of copper and zinc and our other metals and minerals, as well as steel, crude oil, natural gas and other petroleum products; the timing of the receipt of permits and other regulatory and governmental approvals for our development projects and other operations, including mine extensions; positive results from the studies on our expansion and development projects; our ability to secure adequate transportation, including rail and port services, for our products; our costs of production and our production and productivity levels, as well as those of our competitors; continuing availability of water and power resources for our operations; changes in credit market conditions and conditions in financial markets generally; the availability of funding to refinance our borrowings as they become due or to finance our development projects on reasonable terms; availability of letters of credit and other forms of financial assurance acceptable to regulators for reclamation and other bonding requirements; our ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; the availability of qualified employees and contractors for our operations, including our new developments and our ability to attract and retain skilled employees; the satisfactory negotiation of collective agreements with unionized employees; the impact of changes in Canadian-U.S. dollar, Canadian dollar-Chilean Peso and other foreign exchange rates on our costs and results; engineering and construction timetables and capital costs for our development and expansion projects; our ability to develop technology and obtain the benefits of technology for our operations and development projects; closure costs; environmental compliance costs; market competition; the accuracy of our mineral reserve and resource estimates (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based; tax benefits and statutory and effective tax rates; the outcome of our copper, zinc and lead concentrate treatment and refining charge negotiations with customers; the resolution of environmental and other proceedings or disputes; our ability to obtain, comply with and renew permits, licenses and leases in a timely manner; and our ongoing relations with our employees and with our business and joint venture partners.
Statements regarding the availability of our credit facilities are based on assumptions that we will be able to satisfy the conditions for borrowing at the time of a borrowing request and that the facilities are not otherwise terminated or accelerated due to an event of default. Assumptions regarding the costs and benefits of our projects include assumptions that the relevant project is constructed, commissioned and operated in accordance with current expectations. Expectations regarding our operations are based on numerous assumptions regarding the operations. Our Guidance tables include disclosure and footnotes with further assumptions relating to our guidance, and assumptions for certain other forward-looking statements accompany those statements within the document. Statements concerning future production costs or volumes are based on numerous assumptions regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, or adverse weather conditions, and that there are no material unanticipated variations in the cost of energy or supplies. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to vary materially.
Factors that may cause actual results to vary materially include, but are not limited to, changes in commodity and power prices; changes in market demand for our products; changes in interest and currency exchange rates; acts of governments and the outcome of legal proceedings; the imposition of tariffs, import or export restrictions, or other trade barriers or retaliatory measures by foreign or domestic governments; inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources); operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of labour, materials and equipment); government action or delays in the receipt of government approvals; changes in royalty or tax rates; industrial disturbances or other job action; adverse weather conditions; unanticipated events related to health, safety and environmental matters; union labour disputes; political risk; social unrest; failure of customers or counterparties (including logistics suppliers) to perform their contractual obligations; changes in our credit ratings; unanticipated increases in costs to construct our development projects; difficulty in obtaining permits; inability to address concerns regarding permits or environmental impact assessments; and changes or further deterioration in general economic conditions. The amount and timing of capital expenditures is depending upon, among other matters, being able to secure permits, equipment, supplies, materials and labour on a timely basis and at expected costs. Certain operations and projects are not controlled by us; schedules and costs may be adjusted by our partners, and timing of spending and operation of the operation or project is not in our control. Certain of our other operations and projects are operated through joint arrangements where we may not have control over all decisions, which may cause outcomes to differ from current expectations. Ongoing monitoring may reveal unexpected environmental conditions at our operations and projects that could require additional remedial measures. Production at our QB and Red Dog Operations may also be impacted by water levels at site. Sales to China may be impacted by general and specific port restrictions, Chinese regulation and policies, and normal production and operating risks.
We assume no obligation to update forward-looking statements except as required under securities laws. Further information concerning risks, assumptions and uncertainties associated with these forward-looking statements and our business can be found in our Annual Information Form for the year ended December 31, 2024 filed under our profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov) under cover of Form 40-F, as well as subsequent filings that can also be found under our profile.
Scientific and technical information in this quarterly report regarding our material properties was reviewed, approved and verified by Rodrigo Alves Marinho, P.Geo., a contractor of Teck and a Qualified Person as defined under National Instrument 43-101.
We recently published a list of 12 Best Uranium Stocks to Invest in According to Analysts. In this article, we are going to take a look at where BHP Group Limited (NYSE:BHP) stands against other uranium stocks to invest in.
Nuclear power is making a notable comeback. More than 20 countries pledged to triple nuclear energy by 2050 at the COP28 summit. Nuclear power is considered crucial for lowering emissions, and it is gaining support from both environmental advocates and US national security interests, though for different motivations. Big tech companies are also getting involved as they hunt for more energy to power massive data centers.
Uranium is not presently categorized as a “critical mineral” by the US Geological Survey (USGS) because it is classified as a fuel mineral. However, President Trump is pushing for its inclusion in the list, which would gather federal support and speed up project approvals. This seems like a sensible play on Trump’s part, as demand for uranium is climbing, and the US relies almost entirely on imports, with most of the world’s supply originating from a handful of countries. Uranium prices were at a 16-year high in 2023 and, while they have dipped marginally, they remain higher than at any time since Fukushima in 2011.
In December 2024, John Ciampaglia, CEO of Sprott Asset Management, told CNBC that the uranium industry had been on life support for nearly a decade after Fukushima, and there needed to be better supply discipline in the market. Uranium producers need to ensure that future supply matches demand. He noted that three factors supported the industry – first, the growing electrification in China, India, and other developing countries, secondly, energy security and decarbonization are putting the focus back on nuclear fuel as an energy source, and third, tech companies are now investing in the development of small modular reactors. He also commented on uranium spot and market prices, which are gradually moving upward. He believes uranium prices need to go higher to incentivize chemical producers and miners to increase production and build new mines, which is critical to developing uranium as a reliable electricity fuel in the coming decades.
Current supply shortages, higher long-term prices, and forecasts for record nuclear energy production in 2025 all point to a positive future. With that industry outlook in mind, let’s take a look at the best uranium stocks to buy according to analysts.
BHP Group Limited (BHP): Among the Best Uranium Stocks to Invest in According to Analysts
An aerial view of a mining operation in action, with large trucks and yellow diggers.
Our Methodology
For this article, we searched credible websites and compiled an extensive list of US-listed uranium stocks. Next, we manually searched for the average upside potential of each stock and selected 12 stocks with the highest values. The list below is ranked in ascending order of the upside potential as of April 19. We have also mentioned the hedge fund sentiment as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
BHP Group Limited (NYSE:BHP)
Number of Hedge Fund Holders: 28
Average Upside Potential: 14.82%
BHP Group Limited (NYSE:BHP) is one of the biggest natural resources companies in the world, focusing on the mining of copper, iron ore, coal, gold, uranium, nickel, silver, zinc, lead, cobalt, and molybdenum. It is one of the best uranium stocks on Wall Street. On February 18, 2025, the company announced an interim dividend of $0.50 per share for the half year ended 31 December 2024. The dividend was distributed to shareholders on March 27. The company has consistently shelled out dividends for 45 years.
In February 2025, BHP Group Limited (NYSE:BHP) assured investors that it can double its copper production in South Australia without significantly increasing uranium output. This helps ease long-time concerns that expanding the Olympic Dam mine would flood the market with excess uranium and drive prices down. Under its new smelter expansion plan, copper production could jump from 322,000 to 650,000 tonnes a year, while uranium output would only rise slightly, from 3,600 to no more than 4,000 tonnes.
According to Insider Monkey’s fourth quarter database, 28 hedge funds were bullish on BHP Group Limited (NYSE:BHP), compared to 22 funds in the prior quarter. Ken Fisher’s Fisher Asset Management holds a $1 billion stake in the company.
Overall, BHP ranks 12th among the best uranium stocks to invest in according to analysts. While we acknowledge the potential of BHP as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BHP but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
Freeport-McMoRan Inc. FCX and Southern Copper Corporation SCCO are two heavyweights in the copper mining industry. Both operate on a global scale, extracting and processing copper and other metals. Also, both are navigating challenges such as fluctuating copper prices and global economic uncertainties. Given the current uncertainties surrounding the U.S.-China trade tensions and their potential impact on copper prices, analyzing these companies' fundamentals is timely and pertinent.Copper prices surged to a new record high of $5.24 per pound in late March as buyers stocked up the commodity amid concerns that President Donald Trump could impose tariffs on copper, leading to a disruption in the global supply chain. However, prices nosedived to around $4.1 per pound earlier this month amid demand worries due to tariffs, which threatened to cause a broader slowdown globally. Prices of the red metal have moved up lately to roughly $4.9 per pound amid a weakening U.S. dollar on heightened concerns about the prospect of a downturn in the U.S. economy. The trade conflict with China continues to pose risks to copper demand, as the metal is essential in various industries, including electronics and construction. Let’s dive deep and closely compare the fundamentals of these two copper mining giants to determine which one is a better investment now.
The Case for Freeport
Freeport is well-placed with high-quality copper assets and remains focused on strong execution and advancing its organic growth opportunities. At its Cerro Verde operation in Peru, a large-scale concentrator expansion provided incremental annual production of around 600 million pounds of copper and 15 million pounds of molybdenum. It is evaluating a large-scale expansion at El Abra in Chile to define a large sulfide resource that could potentially support a major mill project similar to the large-scale concentrator at Cerro Verde. FCX is also conducting pre-feasibility studies (expected to be completed by mid-2026) in the Safford/Lone Star operations in Arizona to define a significant sulfide expansion opportunity. It also has expansion opportunities at Bagdad in Arizona to more than double the concentrator capacity of the operation. Also, PT Freeport Indonesia (PT-FI) substantially completed the construction of the new greenfield smelter in Eastern Java during 2024, with an expected start-up in mid-2025, followed by a full ramp-up by the end of 2025. PT-FI is also developing the Kucing Liar ore body within the Grasberg district with a targeted commencement of production by 2030. Gold production also commenced at the new precious metals refinery in late 2024. Plans are in place to transition PT-FI’s existing energy source from coal to natural gas, which is expected to significantly reduce greenhouse gas emissions at Grasberg.FCX has a strong liquidity position and generates substantial cash flows, which allow it to finance its growth projects, pay down debt and drive shareholder value. It generated operating cash flows of around $1.4 billion in the fourth quarter. The same for full-year 2024 climbed around 35% year over year to $7.2 billion. It has distributed $4.7 billion to shareholders through dividends and share purchases since June 30, 2021. Freeport ended 2024 with strong liquidity, having $3.9 billion in cash and cash equivalents, $3 billion in availability under the FCX credit facility and $1.5 billion in availability under the PT FI credit facility.FCX offers a dividend yield of roughly 0.9% at the current stock price. Its payout ratio is 20% (a ratio below 60% is a good indicator that the dividend will be sustainable), with a five-year annualized dividend growth rate of about 21.8%. Backed by strong financial health, the company's dividend is perceived to be safe and reliable.Despite these positives, Freeport faces headwinds from higher costs. Freeport’s consolidated unit net cash costs per pound of copper for fourth-quarter 2024 were 9% higher than the prior-year level. The company now estimates that consolidated unit net cash costs for the first quarter will be roughly 5% higher than the January 2025 guidance of $2.05 per pound of copper, mainly due to the timing of gold shipments, which has led to lower by-product credits. FCX is grappling with higher unit net cash costs in North America. Higher labor and mining costs are leading to increased unit costs in the region.
The Case for Southern Copper
Southern Copper has a strong pipeline of world-class copper greenfield projects and various other promising opportunities. The company’s capital investment program for this decade is more than $15 billion. This includes investments in the Buenavista Zinc, Pilares, El Pilar and El Arco projects in Mexico and the Tia Maria, Los Chancas and Michiquillay projects in Peru.The company continues to build its presence in Peru as the country is the second-largest producer of copper. Peru holds about 9% of the world’s copper reserves. Southern Copper’s Michiquillay is expected to become one of Peru's largest copper mines and will produce 225,000 tons of copper per year (along with by-products of molybdenum, gold and silver) for an expected mine life of more than 25 years. Production is expected to start by 2032.Southern Copper targets copper production of 967,000 tons for 2025, in line with last year. This growth is expected to be fueled by higher production in Peru and production from its new Buenavista zinc concentrator. SCCO generated net cash from operating activities of $4.42 billion in 2024, up roughly 24% from $3.57 billion in 2023, attributable to higher net income. SCCO offers a healthy dividend yield of 3.2% at the current stock price. Its payout ratio is 65%, with a five-year annualized dividend growth rate of roughly 13.4%.On the flip side, Southern Copper remains hamstrung by higher operating costs. It saw a 3% year-over-year increase in total operating costs and expenses in 2024. The increase was mainly due to repair materials, translation differences, workers' participation, fuel, labor costs, reagents, currency translation and other factors. The company has been witnessing higher labor costs due to the ongoing tightness of the labor supply. This, along with ongoing inflation for repair materials, operating materials, inventory consumption, operation contractors and services, will likely continue to weigh on Southern Copper’s margins.
Price Performance and Valuation of FCX & SCCO
Year to date, FCX stock has lost 10.6%, while SCCO stock has declined 2.2% compared with the Zacks Mining – Non Ferrous industry’s fall of 14.6%.
Zacks Investment Research
Image Source: Zacks Investment Research
FCX is currently trading at a forward 12-month earnings multiple of 18.95X, higher than its five-year median. This represents a roughly 4.2% premium when stacked up with the industry average of 18.19X.
Zacks Investment Research
Image Source: Zacks Investment Research
SCCO is currently trading at a forward 12-month earnings multiple of 19.66X, lower than its five-year median but above FCX and the industry.
Zacks Investment Research
Image Source: Zacks Investment Research
How Do the Zacks Consensus Estimate Compare for FCX & SCCO?
The Zacks Consensus Estimate for FCX’s 2025 sales and EPS implies a year-over-year rise of 3.4% and 8.8%, respectively. The EPS estimates for 2025 have been trending lower over the past 60 days.
Zacks Investment Research
Image Source: Zacks Investment Research
The consensus estimate for SCCO’s 2025 sales and EPS implies year-over-year growth of 4.2% and 3.2%, respectively. The EPS estimates for 2025 have been trending southward over the past 60 days.
Zacks Investment Research
Image Source: Zacks Investment Research
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
FCX or SCCO: Which Is a Better Pick?
Both FCX and SCCO currently have a Zacks Rank #3 (Hold), so picking one stock is not easy. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Both Freeport and Southern Copper present compelling investment cases. FCX is poised to gain from progress in expansion activities that will boost production capacity. Robust financial health allows FCX to invest in growth projects and drive shareholder value. On the other hand, SCCO is well-positioned to deliver enhanced performance, backed by its constant commitment to increasing low-cost production and growth investments. Leveraging its substantial cash generation capacity, Southern Copper remains committed to returning value to its shareholders while prioritizing the development of projects to uphold its reputation as a low-cost copper producer. However, both companies face the common headwind of higher costs. FCX appears to have a slight edge over SCCO due to its more attractive valuation. In addition, FCX's higher earnings growth projections suggest that it may offer better investment prospects in the current market environment.
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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
We recently published a list of 20 Best Stock To Buy According to Marjorie Taylor Greene. In this article, we are going to take a look at where Southern Copper Corporation (NYSE:SCCO) stands against other best stock to buy according to Marjorie Taylor Greene.
Marjorie Taylor Greene is one of the most active members of the Trump administration on the US stock market. Her latest disclosures show that Greene, who is the US representative for the 14th congressional district of Georgia since 2021, purchased stakes in several beaten down technology stocks in the days prior to the announcement of a 90-day pause on new Trump tariffs. Following the pause, the share prices of many of these technology stocks rallied. This trading activity has drawn the ire of social media, where users routinely highlight that lawmakers from both major parties in the US Congress should be banned from stock trading because of the apparent conflict of interest in owning shares of companies they can heavily influence with positions they can take in office. Like Greene, other US lawmakers active on the stock market, like Nancy Pelosi, are also in the spotlight following the latest bout of the US-China trade war.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
Taylor Greene sits on important Congressional committees, including the House Committee on Oversight and Accountability, where she is the Chairwoman of the Subcommittee on Delivering on Government Efficiency (DOGE). She is also on the House Committee on Homeland Security, where she sits on the Subcommittee on Counterterrorism and Intelligence, as well as the Subcommittee on Oversight, Investigations, and Accountability. Disclosures made by Greene through her latest transaction report reveal that the lawmaker sold between $50,000 to $100,000 worth of US Treasury Bills to fund the purchase of beaten down technology stocks just before an announcement by US President Trump that he was pausing for 90 days new tariffs that had earlier sent markets tumbling around the world. Greene is a staunch supporter of the tariffs, having said in a post on social networking platform X that tariffs were a powerful proven source of leverage to protect national interests.
For this article, we consulted Capitol Trades, a platform that tracks the stock trading activity of politicians in the United States. It is important to clarify that the stocks listed below were picked from the public record of investments Marjorie Taylor Greene has made in the past few months. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is Southern Copper Corporation (SCCO) the Best Stock To Buy According to Marjorie Taylor Greene?
A large open-pit mining site, its machinery providing a long-term supply of copper.
Southern Copper Corporation (NYSE:SCCO)
Number of Hedge Fund Holders: 33
Southern Copper Corporation (NYSE:SCCO) is a mining company that focuses on the production of copper. According to a Periodic Transaction Report from April 11, Taylor Greene purchased Southern Copper Corporation (NYSE:SCCO) stock worth somewhere between $1,000 and $15,000 on April 8. This trade was disclosed the following day. Copper futures have been in turmoil since Trump announced sweeping tariffs on imports. Per a Reuters report, outright price turbulence of the metal overlays a re-configuration of the physical supply chain as traders ship more copper to the US, which is starting to tighten up availability everywhere else, including in China. After Trump announced a 90-day tariff pause for most countries, excluding China, copper prices rebounded from 17-month lows of $8,105 per metric ton to above $9,000 per ton within a few hours. A Bloomberg report contends that major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic production.
Overall, SCCO ranks 20th on our list of best stock to buy according to Marjorie Taylor Greene. While we acknowledge the potential of these companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SCCO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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