Southern Copper Corporation is grappling with instability following the death of CEO Rocha and the appointment of Leonardo Contreras Lerdo de Tejada as interim CEO, leading to a 6.2% drop in share prices. Amidst this turmoil, analysts predict that the company will underperform the market over the coming year, prompting Barclays to label it underweight. Additionally, various banks have revised their price targets for the company's stock, reflecting growing concerns about its market valuation.
“Southern Copper Corporation · is organized in · Delaware”
“Southern Copper Corporation · owns · copper mines, smelters, and refineries · in Peru and Mexico”
“Southern Copper Corporation · is · 88.9% owned by Grupo México”
“Southern Copper Corporation · was founded in · 1952”
“Southern Copper Corporation · opened · Cuajone mine · in 1976”
“Southern Copper Corporation · acquired Grupo Minera in Mexico from Grupo México · for $3.75 billion in April 2005”
“Southern Copper Corporation · changed its name to · Southern Copper Corporation · in October 2005”
“Southern Copper Corporation · published · 2024 Form 10-K Annual Report · March 3, 2025”
“Southern Copper · planned · mine expansion · $1.2bn”
“Southern Copper Corporation · is listed on · New York Stock Exchange · true”
“Southern Copper Corporation · is part of · S&P Latin America 40 · true”
“Southern Copper Corporation · is part of · S&P/BVL Peru General Index · true”
