Southern Copper moved 3.3% this afternoon session, trading between a high of $74.36 and a low of $71.91 per share. Yesterday the stock finished at $71.69 per share, compared to an average analyst target price of $64.25.
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The large-cap metal mining company is based in the United States, and over the last twelve months it has returned a dividend yield of 4.5%. Southern Copper has trailing twelve months earnings per share (EPS) of 3.6, which at today's prices amounts to a price to earnings (P/E) ratio of 20.6.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of -1.22. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Overview of the Company's Gross Margins:
Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
---|---|---|---|---|
2023-02-28 | 10,047,900 | -4,649,100 | 54 | -15.62 |
2022-03-07 | 10,934,100 | -3,894,400 | 64 | 25.49 |
2021-02-26 | 7,984,900 | -3,929,800 | 51 | 2.0 |
2020-02-28 | 7,285,600 | -3,606,400 | 50 | -3.85 |
2019-03-01 | 7,096,700 | -3,409,000 | 52 | 1.96 |
2018-03-01 | 6,654,500 | -3,252,800 | 51 |
At 53.7%, Southern Copper's average gross margins are wider than the 32.76% average of its industry peer group, which suggests that the firm might have a competitive advantage.