Southern Copper Corporation (NYSE:SCCO) has reported quarterly earnings of $1.92 per share, exceeding the Zacks Consensus Estimate of $1.77 by 8.48%. While the company has seen a revenue surge to $4.25 billion, topping consensus estimates multiple times, analysts are split on the stock's outlook; Wells Fargo cut its price target from $192 to $186, while Scotiabank raised it to $133. Looking ahead, Southern Copper plans a significant investment of over $20.5 billion this decade, despite rising operating costs and ongoing financial pressures.
Loading timeline…
