Southern Copper (NYSE:SCCO) Full Year 2024 Results

Key Financial Results

• Revenue: US$11.4b (up 16% from FY 2023).
• Net income: US$3.38b (up 39% from FY 2023).
• Profit margin: 30% (up from 25% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$4.33 (up from US$3.05 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Southern Copper Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Metals and Mining industry in the US.

The company's shares are up 1.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Southern Copper.

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