Southern Copper Jumps 2.9% as Q1 EPS Seen at $1.88 on $3.87B Revenue
Southern Copper closed at $196.16, a 2.9% gain against the S&P 500’s 0.21% drop, though shares are down 8.47% over the past month. The company is projected to report Q1 EPS of $1.88 (up 58% y/y) on $3.87B in revenue (+23.9%), with a forward P/E of 29.0 versus 24.2 industry.
1. Stock Performance
Southern Copper shares closed at $196.16, up 2.9% in the latest session while the S&P 500 fell 0.21%. Despite today’s gain, the stock has declined 8.47% over the past month, underperforming both the Basic Materials sector and broader market indices.
2. Earnings Forecast
Analysts forecast first-quarter earnings per share of $1.88, representing a 57.98% increase from the prior year, on revenue of $3.87 billion, a 23.93% year-over-year gain. These figures reflect stronger production volumes and higher copper prices.
3. Analyst Revisions and Ratings
Consensus EPS estimates for the current quarter have risen by 3.1% over the past month, indicating increasing optimism among analysts. Most maintain a hold rating on the shares, citing balanced risks between commodity cycles and project expansions.
4. Valuation Metrics
Southern Copper trades at a forward P/E of 29.0, a premium to the industry’s 24.2, and holds a PEG ratio of 1.97 in line with its peers. These valuations suggest expectations of sustained earnings growth but also reflect limited upside relative to risk.