Southern Copper (SCCO) closed at $173.97 in the latest trading session, marking a -1.53% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.1%.

Shares of the miner have depreciated by 7.33% over the course of the past month, underperforming the Basic Materials sector's loss of 6.04%, and the S&P 500's loss of 1.74%.

Market participants will be closely following the financial results of Southern Copper in its upcoming release. On that day, Southern Copper is projected to report earnings of $1.88 per share, which would represent year-over-year growth of 57.98%. At the same time, our most recent consensus estimate is projecting a revenue of $3.87 billion, reflecting a 23.93% rise from the equivalent quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.57 per share and revenue of $14.56 billion. These totals would mark changes of +25.38% and +8.5%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Southern Copper. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Southern Copper possesses a Zacks Rank of #3 (Hold).

In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 26.89. This signifies a premium in comparison to the average Forward P/E of 25.43 for its industry.

Also, we should mention that SCCO has a PEG ratio of 1.82. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining – Non Ferrous industry currently had an average PEG ratio of 1.34 as of yesterday's close.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 100, putting it in the top 41% of all 250+ industries.

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

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

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

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

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