Southern Copper (SCCO) Dips More Than Broader Markets: What You Should Know

Southern Copper (SCCO) Dips More Than Broader Markets: What You Should Know
This story originally appeared on Zacks

In the latest trading session, Southern Copper (SCCO) closed at $59.54, marking a -1.52% move from the previous day. This move lagged the S&P 500’s daily loss of 0.91%. Meanwhile, the Dow lost 0.89%, and the Nasdaq, a tech-heavy index, added 0.4%.

Southern Copper (SCCO) Dips More Than Broader Markets: What You Should Know – Zacks

Coming into today, shares of the miner had lost 3.2% in the past month. In that same time, the Basic Materials sector lost 0.72%, while the S&P 500 gained 1.55%.

Southern Copper will be looking to display strength as it nears its next earnings release. In that report, analysts expect Southern Copper to post earnings of $1.18 per share. This would mark year-over-year growth of 55.26%. Meanwhile, our latest consensus estimate is calling for revenue of $2.61 billion, up 10.84% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are…

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