Type
|
Subsidiary |
---|---|
Traded as | BVL: SCCO NYSE: SCCO |
Industry | Mining |
Founded | 1952 (1952) |
Headquarters | Phoenix, Arizona, United States |
Key people
|
Oscar González Rocha (CEO) |
Products | copper molybdenum zinc silver |
Revenue | US$ 6.92 Billion (2011) |
Number of employees
|
12,000 |
Parent | Grupo México |
Website | www.southerncoppercorp.com |
Southern Copper Corporation is a mining company that was founded in 1952. The current incarnation of Southern Copper can be traced to the 2005 acquisition of Mexican copper producer Minera México by Southern Peru Copper Corporation.
75.1 percent of Southern Copper is owned by Mexican mining conglomerate Grupo México. Based on 2007 reserves data, Southern Copper is the world's largest publicly traded copper mining company and the world's seventh largest copper mining company based on 2007 sales. In addition, the firm is the eighth largest copper smelting company. The firm ranks among the world's largest producers of molybdenum, silver, and zinc.
The company is a major producer and refiner of copper, molybdenum, zinc, silver, lead, and gold, and operates mines and smelters in Mexico and in Peru, in the Andes mountains southeast of Lima.
The firm's operations are primarily within southern Peru and northern Mexico.
Southern Peruvian operations include the mines located at the Cuajone and Toquepala mines. The two mines produced a total of 359,655 tons of copper in 2007, with Cuajone producing 182,117 tons and Toquepala producing 177,538 tons respectively.
A recent strike at the largest mine, Cuajone, was suspended pending mediation between the two parties.
Tia Maria is a copper project mine which has been granted the environmental approval by the Peruvian Ministry of Energy and Mining (MINEM) to move forward with the project development. Geoservice Ingeniería was the engineering and consulting firm in charge of executing satisfactory the Environmental Impact Assessment (EIA) studies, the EIA approval was received on August 1, 2014 with directorial resolution Nº392-2014-MEM/DGA-AM given by MINEM.
The social protest against the project started in March 2015, causing tens of injuries and up to the beginning of May 2015, two deaths have also led to massive strikes and road blocks in the region. Local farmers fear the open-pit project will contaminate water supplies and cover their crops in dust.
The Cananea Mine, located in northern Mexico, produced 98,503 tons of copper in 2007. It is among the world's largest copper mines in terms of reserves, and has the longest remaining mine life of any major open-pit copper mine in the world, based on current production levels.
La Caridad Mine, located in northern Mexico, produced 124,972 tons of copper in 2007.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-10-24 | Future report Set alerts | |
Q2 2022 | 2022-07-27 | 0.00 | 0.00 |
Q1 2022 | 2022-05-02 | 0.00 | 0.00 |
Q4 2021 | 2022-02-01 | 0.00 | 0.00 |
Q3 2021 | 2021-10-26 | 0.00 | 0.00 |
Q2 2021 | 2021-07-26 | 1.21 | 1.21 |
Q1 2021 | 2021-04-27 | 0.99 | 0.99 |
Q4 2020 | 2021-01-25 | 0.00 | 0.00 |
Q3 2020 | 2020-10-21 | 0.00 | 0.00 |
Q2 2020 | 2020-07-28 | 0.34 | 0.34 |
2016-07-01 | Downgrade | Credit Suisse | Neutral to Underperform | $28.00 to $20.00 |
2016-07-01 | Downgrade | Credit Suisse Group AG | Neutral to Underperform | $28.00 to $20.00 |
2016-06-09 | Initiated Coverage | Goldman Sachs | Neutral | $27.00 |
2016-06-09 | Initiated Coverage | Goldman Sachs Group Inc. | Neutral | $27.00 |
2016-05-04 | Downgrade | Citigroup Inc. | Neutral to Sell | |
2016-05-04 | Boost Price Target | FBR & Co. | Outperform | $32.00 to $33.00 |
2016-05-04 | Boost Price Target | FBR & Co | Outperform | $32.00 to $33.00 |
2016-05-03 | Reiterated Rating | Cowen and Company | Market Perform | $24.00 to $28.00 |
2016-04-28 | Reiterated Rating | FBR & Co. | Buy | |
2016-03-24 | Upgrade | Bank of America | Underperform to Neutral | |
2016-03-24 | Upgrade | Bank of America Corp. | Underperform to Neutral | |
2016-03-23 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $30.00 |
2016-03-23 | Boost Price Target | Deutsche Bank | $25.00 to $25.50 | |
2016-03-23 | Boost Price Target | Deutsche Bank AG | $25.00 to $25.50 | |
2016-03-19 | Reiterated Rating | FBR & Co. | Buy | |
2016-03-18 | Boost Price Target | FBR & Co. | Outperform | $31.00 to $32.00 |
2016-02-29 | Initiated Coverage | Berenberg Bank | Sell | $20.00 |
2016-02-22 | Lower Price Target | Barclays | Equal Weight | $25.00 to $24.00 |
2016-02-22 | Lower Price Target | Barclays PLC | Equal Weight | $25.00 to $24.00 |
2016-02-18 | Lower Price Target | Cowen and Company | Market Perform | $26.00 to $24.00 |
2016-02-17 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $29.00 to $28.00 |
2016-02-14 | Reiterated Rating | FBR & Co. | Outperform | |
2016-01-26 | Upgrade | JPMorgan Chase & Co. | Neutral to Overweight | $29.00 |
2016-01-12 | Downgrade | Barclays | Overweight to Equal Weight | $32.00 to $25.00 |
2015-12-08 | Downgrade | Santander | Buy to Hold | $30.00 |
2015-11-09 | Reiterated Rating | FBR & Co. | Outperform | $34.00 to $33.00 |
2015-10-16 | Downgrade | HSBC | Buy to Hold | |
2015-10-06 | Downgrade | Bank of America | Neutral to Underperform | $30.00 to $27.00 |
2015-09-29 | Downgrade | Scotiabank | Sector Perform | $39.00 to $35.00 |
2015-09-29 | Lower Price Target | Howard Weil | Outperform to Sector Perform | $39.00 to $35.00 |
2015-09-18 | Initiated Coverage | FBR & Co. | Outperform | $34.00 |
2015-08-31 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $37.00 to $31.50 |
2015-08-05 | Reiterated Rating | Cowen and Company | Market Perform | $30.00 to $26.00 |
2015-07-09 | Reiterated Rating | Barclays | Buy | $36.00 to $34.00 |
2015-06-24 | Initiated Coverage | HSBC | Buy | |
2015-06-12 | Reiterated Rating | Santander | Buy | $39.00 |
2015-05-08 | Reiterated Rating | Brean Capital | Hold | |
2015-05-04 | Boost Price Target | Barclays | Overweight | $34.00 to $36.00 |
2015-04-29 | Downgrade | Citigroup Inc. | Buy to Neutral | |
2015-03-26 | Initiated Coverage | Brean Capital | Hold | |
2015-02-05 | Downgrade | BB&T Corp. | Buy to Hold | |
2015-01-23 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $39.00 to $37.00 |
2015-01-15 | Initiated Coverage | Barclays | Overweight | |
2014-11-07 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $42.00 to $39.00 |
2014-10-09 | Upgrade | Bank of America | Underperform to Neutral | |
2014-09-12 | Boost Price Target | RBC Capital | $44.00 to $46.00 | |
2014-09-12 | Boost Price Target | Royal Bank Of Canada | $44.00 to $46.00 | |
2014-08-13 | Downgrade | Morgan Stanley | Underweight | $46.00 to $40.00 |
2014-08-06 | Downgrade | FBR & Co. | Outperform to Market Perform | $37.00 to $35.00 |
2014-08-05 | Boost Price Target | Credit Suisse | $38.00 to $41.00 | |
2014-07-31 | Boost Price Target | BMO Capital Markets | Market Perform | $43.00 to $46.00 |
2014-07-15 | Lower Price Target | Jefferies Group | $47.00 to $46.00 | |
2014-07-07 | Upgrade | BMO Capital Markets | Market Perform to Outperform | $30.00 to $40.00 |
2014-04-24 | Downgrade | Bank of America | Buy to Neutral | $32.50 to $32.00 |
2014-02-13 | Reiterated Rating | Deutsche Bank | Hold | |
2014-02-10 | Boost Price Target | Imperial Capital | Outperform | $35.00 to $37.00 |
2014-02-07 | Boost Price Target | BB&T Corp. | $34.00 to $36.00 | |
2014-02-07 | Upgrade | Morgan Stanley | Equal Weight | $32.90 |
2014-01-14 | Upgrade | FBR & Co. | Market Perform to Outperform | $35.00 |
2013-12-30 | Upgrade | BB&T Capital Mkts | Hold to Buy | $34 |
2013-12-30 | Upgrade | BB&T Corp. | Hold to Buy | $34.00 |
2013-12-18 | Upgrade | Citigroup Inc. | Neutral to Buy | $28.00 to $31.00 |
2013-11-06 | Upgrade | Cowen and Company | Underperform to Market Perform | $24.00 to $30.00 |
2013-10-02 | Reiterated Rating | Deutsche Bank | Hold | $41.00 to $36.00 |
2013-05-01 | Upgrade | BB&T Capital Mkts | Underweight to Hold | |
2013-01-28 | Downgrade | BB&T Capital Mkts | Hold to Underweight | |
2012-01-26 | Downgrade | Dahlman Rose | Hold to Sell | |
2012-01-10 | Initiated | BB&T Capital Mkts | Hold | |
2011-06-02 | Upgrade | Barclays Capital | Underweight to Equal Weight | |
2010-12-01 | Initiated | BMO Capital Markets | Market Perform | $45 |
2010-04-22 | Upgrade | JP Morgan | Underweight to Neutral | |
2010-04-20 | Downgrade | HSBC Securities | Overweight to Neutral | |
2010-04-06 | Initiated | UBS | Buy |
2016-07-01 | Downgrade | Credit Suisse | Neutral to Underperform | $28.00 to $20.00 |
2016-07-01 | Downgrade | Credit Suisse Group AG | Neutral to Underperform | $28.00 to $20.00 |
2016-06-09 | Initiated Coverage | Goldman Sachs | Neutral | $27.00 |
2016-06-09 | Initiated Coverage | Goldman Sachs Group Inc. | Neutral | $27.00 |
2016-05-04 | Downgrade | Citigroup Inc. | Neutral to Sell |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In SCCO 281 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 6.60M |
PRICE T ROWE ASSOCIATES INC /MD/ | 4.33M |
Fisher Asset Management, LLC | 3.45M |
FIL Ltd | 3.02M |
BlackRock Fund Advisors | 2.98M |
STATE STREET CORP | 2.53M |
BlackRock Institutional Trust Company, N.A. | 1.98M |
BlackRock Group LTD | 1.81M |
MANNING & NAPIER ADVISORS LLC | 1.64M |
Mirae Asset Global Investments Co., Ltd. | 1.42M |
MORGAN STANLEY | 1.36M |
Personal Capital Advisors Corp | 1.36M |
GOLDMAN SACHS GROUP INC | 1.35M |
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC | 1.05M |
1832 Asset Management L.P. | 0.98M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Grupo Mexico, S.A.B. de C.V. | 81.70% (680000000) | SCCO / |
VELASCO GERMAN LARREA MOTA Chairman of the Board | 0.40% (3368167) | SCCO / |
ROCHA OSCAR GONZALEZ President and CEO | 0.02% (134539) | SCCO / |