Southern Copper ended its latest session at $194.14, a 7.23% drop that outpaced the broader market's decline, with the S&P 500 down 0.59%, the Dow off 0.6% and the Nasdaq 0.65% lower. The miner's shares had gained 7.37% over the past month, while the Basic Materials sector rose 2.83% and the S&P 500 lost 1.37%. For its upcoming quarterly report, consensus estimates project earnings per share of $2, up 48.15% from a year earlier, on revenue of $4.36 billion, a 29.08% increase. For the full fiscal year, the Zacks Consensus Estimates call for earnings of $7.83 per share and revenue of $17.36 billion, up 49.43% and 29.37% respectively. Southern Copper currently carries a Zacks Rank of #3 (Hold), a Forward P/E of 26.73 against its industry's 26.91, and a PEG ratio of 1.87 versus an average of 1.06 for Mining - Non Ferrous stocks.
Southern Copper CorporationShares fell 7.23% outpacing the market, with consensus Q3 EPS of $2 and FY estimates cited; no company-specific cause given for the drop.
