Southern Copper Plunges 5.8% to $206.23 as Q1 EPS Seen Up 58%
Southern Copper shares dropped 5.8% to $206.23, significantly underperforming the S&P 500, Dow and Nasdaq. Analysts forecast Q1 EPS of $1.88 (up 58% year-over-year) and revenue of $3.87 billion (up 24%), while full-year EPS is seen at $6.57 and revenue at $14.56 billion.
1. Market Drop and Underperformance
Southern Copper shares closed at $206.23, down 5.77% from the prior session's close, underperforming the S&P 500's 0.94% decline, the Dow's 0.83% drop and the Nasdaq's 1.02% fall.
2. Monthly Rally Despite Recent Slide
Shares have gained 13.51% over the past month, leading the Basic Materials sector's 12.9% increase while the S&P 500 fell 1.3% over the same period.
3. Q1 and Full-Year Forecasts
Analysts project Q1 earnings of $1.88 per share, a 57.98% year-over-year increase, and revenue of $3.87 billion, up 23.93%. Full-year EPS are pegged at $6.57 (up 25.38%) with revenue forecasts of $14.56 billion (up 8.5%).
4. Valuation and Analyst Ratings
Southern Copper trades at a forward P/E of 33.31 versus the industry's 29.74, with a PEG ratio of 2.26 matching its sector. It holds a Zacks Rank of #3 (Hold), reflecting recent upward estimate revisions.