Recent Insider Transactions • Aug 06
Special Independent Director recently sold Mex$1.0m worth of stock On the 5th of August, Luis Palomino Bonilla sold around 300 shares on-market at roughly Mex$3,405 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$59m more than they bought in the last 12 months. Reported Earnings • Aug 02
Second quarter 2026 earnings released: EPS: US$2.01 (vs US$1.17 in 2Q 2025) Second quarter 2026 results: EPS: US$2.01 (up from US$1.17 in 2Q 2025). Revenue: US$4.29b (up 41% from 2Q 2025). Net income: US$1.67b (up 72% from 2Q 2025). Profit margin: 39% (up from 32% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Jose Valenzuela Rionda was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Anuncio • Jul 24
Southern Copper Corporation to Report Q2, 2026 Results on Jul 22, 2026 Southern Copper Corporation announced that they will report Q2, 2026 results on Jul 22, 2026 Anuncio • Jul 22
Southern Copper Corporation Announces Cash Dividend for the Second Quarter Ended June 30, 2026, Payable on August 27, 2026 On July 16, 2026, the Board of Directors of Southern Copper Corporation authorized a cash dividend of $1.10 per share of common stock for the second quarter ended June 30, 2026, payable on August 27, 2026, to shareholders of record at the close of business on August 11, 2026. Board Change • Jun 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Director Jose Valenzuela Rionda was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$1.92 (vs US$1.15 in 1Q 2025) First quarter 2026 results: EPS: US$1.92 (up from US$1.15 in 1Q 2025). Revenue: US$4.25b (up 36% from 1Q 2025). Net income: US$1.58b (up 67% from 1Q 2025). Profit margin: 37% (up from 30% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 30
First quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 13th May 2026 Payment date: 29th May 2026 Dividend yield will be 1.5%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 3.7% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range. Anuncio • Apr 21
Southern Copper Corporation, Annual General Meeting, May 29, 2026 Southern Copper Corporation, Annual General Meeting, May 29, 2026. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to Mex$2,900, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Metals and Mining industry in South America. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,422 per share. Recent Insider Transactions • Mar 08
Independent Director recently sold Mex$17m worth of stock On the 2nd of March, Enrique Luis Sanchez Mejorada sold around 5k shares on-market at roughly Mex$3,781 per share. This transaction amounted to 88% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$34m. Insiders have been net sellers, collectively disposing of Mex$56m more than they bought in the last 12 months. Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: US$5.20 (vs US$4.14 in FY 2024) Full year 2025 results: EPS: US$5.20 (up from US$4.14 in FY 2024). Revenue: US$13.4b (up 17% from FY 2024). Net income: US$4.33b (up 28% from FY 2024). Profit margin: 32% (up from 30% in FY 2024). The increase in margin was driven by higher revenue. Production and reserves: Copper Production: 0.956 Mt (0.974 Mt in FY 2024) Proved and probable reserves (ore): 14,752 Mt (15,175 Mt in FY 2024) Number of mines: 5 (5 in FY 2024) Molybdenum Production: 31,154 t (28,998 t in FY 2024) Proved and probable reserves (ore): 8,326 Mt (8,580 Mt in FY 2024) Number of mines: 4 (4 in FY 2024) Silver Production: 28,384 troy koz (25,054 troy koz in FY 2024) Proved and probable reserves (ore): 1,230 Mt (1,230 Mt in FY 2024) Number of mines: 1 (1 in FY 2024) Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 04
Independent Director recently sold Mex$17m worth of stock On the 2nd of March, Enrique Luis Sanchez Mejorada sold around 5k shares on-market at roughly Mex$3,781 per share. This transaction amounted to 88% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$34m. Insiders have been net sellers, collectively disposing of Mex$56m more than they bought in the last 12 months. Recent Insider Transactions • Feb 04
Non-Independent Director recently sold Mex$34m worth of stock On the 3rd of February, Leonardo Contreras Lerdo de Tejada sold around 9k shares on-market at roughly Mex$3,642 per share. This transaction amounted to 94% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$39m more than they bought in the last 12 months. Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: US$5.24 (vs US$4.18 in FY 2024) Full year 2025 results: EPS: US$5.24 (up from US$4.18 in FY 2024). Revenue: US$13.4b (up 17% from FY 2024). Net income: US$4.33b (up 28% from FY 2024). Profit margin: 32% (up from 30% in FY 2024). The increase in margin was driven by higher revenue. Production and reserves: Copper Production: 0.965 Mt (0.974 Mt in FY 2024) Molybdenum Production: 31,153 t (28,998 t in FY 2024) Zinc Production: 0.177 Mt (65,700 t in FY 2024) Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jan 26
Third quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 10th February 2026 Payment date: 27th February 2026 Dividend yield will be 1.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to Mex$3,174, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Metals and Mining industry in South America. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,340 per share. Recent Insider Transactions • Dec 11
Special Independent Director recently sold Mex$1.0m worth of stock On the 3rd of December, Luis Palomino Bonilla sold around 400 shares on-market at roughly Mex$2,539 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$5.3m more than they bought in the last 12 months. Recent Insider Transactions • Dec 05
Special Independent Director recently sold Mex$1.0m worth of stock On the 3rd of December, Luis Palomino Bonilla sold around 400 shares on-market at roughly Mex$2,539 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$5.3m more than they bought in the last 12 months. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: US$1.35 (vs US$1.11 in 3Q 2024) Third quarter 2025 results: EPS: US$1.35 (up from US$1.11 in 3Q 2024). Revenue: US$3.38b (up 15% from 3Q 2024). Net income: US$1.11b (up 24% from 3Q 2024). Profit margin: 33% (up from 31% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Oct 29
Southern Copper Corporation Declares Quarterly Cash Dividend, Payable on November 28, 2025 Southern Copper Corporation's Board of Directors authorized a quarterly cash dividend of 0.90 per share of common stock and a stock dividend of 0.0085 shares of common stock per share of common stock payable on November 28, 2025, to shareholders of record at the close of business on November 12, 2025. Declared Dividend • Oct 29
Second quarter dividend of US$0.90 announced Shareholders will receive a dividend of US$0.90. Ex-date: 12th November 2025 Payment date: 28th November 2025 Dividend yield will be 1.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Aug 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Mex$1.5m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (Mex$1.5m sold). Declared Dividend • Jul 31
Second quarter dividend of US$0.80 announced Shareholders will receive a dividend of US$0.80. Ex-date: 15th August 2025 Payment date: 4th September 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 27
First quarter 2025 earnings released: EPS: US$1.19 (vs US$0.92 in 1Q 2024) First quarter 2025 results: EPS: US$1.19 (up from US$0.92 in 1Q 2024). Revenue: US$3.12b (up 20% from 1Q 2024). Net income: US$945.9m (up 28% from 1Q 2024). Profit margin: 30% (up from 28% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 26
Upcoming dividend of US$0.70 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (6.5%). Anuncio • Apr 14
Southern Copper Corporation, Annual General Meeting, May 23, 2025 Southern Copper Corporation, Annual General Meeting, May 23, 2025. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Mex$1,586, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Metals and Mining industry in South America. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,235 per share. Reported Earnings • Feb 18
Full year 2024 earnings released: EPS: US$4.30 (vs US$3.05 in FY 2023) Full year 2024 results: EPS: US$4.30 (up from US$3.05 in FY 2023). 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. Production and reserves: Copper Production: 0.977 Mt (0.911 Mt in FY 2023) Proved and probable reserves (ore): 317 Mt (13,685 Mt in FY 2023) Molybdenum Production: 28,997 t (26,810 t in FY 2023) Zinc Production: 0.13 Mt (65,500 t in FY 2023) Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Anuncio • Feb 13
Southern Copper Corporation Authorizes a Quarterly Cash Dividend, Payable on February 27, 2025 On January 23, 2025, the Board of Directors of Southern Copper Corporation authorized a quarterly cash dividend of $0.70 per share of common stock, payable on February 27, 2025, to shareholders of record at the close of business on February 11, 2025. Declared Dividend • Oct 28
Dividend of US$0.70 announced Shareholders will receive a dividend of US$0.70. Ex-date: 6th November 2024 Payment date: 21st November 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: US$1.15 (vs US$0.79 in 3Q 2023) Third quarter 2024 results: EPS: US$1.15 (up from US$0.79 in 3Q 2023). Revenue: US$2.93b (up 17% from 3Q 2023). Net income: US$896.7m (up 45% from 3Q 2023). Profit margin: 31% (up from 25% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Anuncio • Oct 23
Southern Copper Corporation Announces Resignation of Gilberto Perezalonso Cifuentes as Member of the Board of Directors Southern Copper Corporation announced on October 17, 2024, the board of directors of the company learned of the resignation of Mr. Gilberto Perezalonso Cifuentes as a member of the board of directors of the company effective October 16, 2024. Mr. Perezalonso Cifuentes resigned to pursue other professional interests. There was no disagreement between Mr. Perezalonso Cifuentes and SCC or with SCC’s management. Anuncio • Oct 22
Southern Copper Corporation Announces Quarterly Cash Dividend of Common Stock, Payable on November 21, 2024 On October 17, 2024, the Board of Directors of Southern Copper Corporation authorized a quarterly cash dividend of $0.70 per share of common stock, payable on November 21, 2024, to shareholders of record at the close of business on November 6, 2024. Declared Dividend • Jul 29
Dividend of US$0.60 announced Shareholders will receive a dividend of US$0.60. Ex-date: 9th August 2024 Payment date: 26th August 2024 Dividend yield will be 1.6%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio) nor is it covered by cash flows (150% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 25% to bring the payout ratio under control. EPS is expected to grow by 22% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: US$1.22 (vs US$0.70 in 2Q 2023) Second quarter 2024 results: EPS: US$1.22 (up from US$0.70 in 2Q 2023). Revenue: US$3.12b (up 36% from 2Q 2023). Net income: US$950.2m (up 74% from 2Q 2023). Profit margin: 31% (up from 24% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 02
Special Independent Director recently sold Mex$7.3m worth of stock On the 30th of April, Luis Palomino Bonilla sold around 4k shares on-market at roughly Mex$2,017 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$18m more than they bought in the last 12 months. Board Change • Apr 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Non-Independent Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Anuncio • Apr 27
Southern Copper Corporation Approves Quarterly Dividend, Payable on May 23, 2024 On April 18, 2024, Southern Copper Corporation approved a quarterly stock dividend of 0.0104 shares of common stock per share of common stock payable on May 23, 2024 for shareholders of record at the close of business on May 8, 2024. Anuncio • Apr 13
Southern Copper Corporation, Annual General Meeting, May 24, 2024 Southern Copper Corporation, Annual General Meeting, May 24, 2024, at 09:00 Central Standard Time. Agenda: To elect ten directors; to ratify the selection by the Audit Committee of the Board of Directors of Galaz, Yamazaki, Ruiz Urquiza S.C., a member firm of Deloitte Touche Tohmatsu Limited, as independent accountants for calendar year 2024; to cast a non-binding advisory vote on executive compensation; to provide stockholders the opportunity to cast a non-binding advisory vote on the frequency of future stockholders' advisory votes on executive compensation; and to transact such other business as may properly come before the meeting. Buy Or Sell Opportunity • Mar 16
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at Mex$1,715. The fair value is estimated to be Mex$1,427, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 4.1%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Board Change • Mar 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: US$3.14 (vs US$3.41 in FY 2022) Full year 2023 results: EPS: US$3.14 (down from US$3.41 in FY 2022). Revenue: US$9.90b (down 1.5% from FY 2022). Net income: US$2.43b (down 8.1% from FY 2022). Profit margin: 25% (down from 26% in FY 2022). Production and reserves: Copper Production: 0.911 Mt (0.895 Mt in FY 2022) Proved and probable reserves (ore): 13,685 Mt (13,950 Mt in FY 2022) Number of mines: 5 (5 in FY 2022) Molybdenum Production: 26,810 t (26,270 t in FY 2022) Proved and probable reserves (ore): 8,629 Mt (8,830 Mt in FY 2022) Number of mines: 4 (4 in FY 2022) Silver Production: 21,934 troy koz (22,303 troy koz in FY 2022) Proved and probable reserves (ore): 1,230 Mt (1,230 Mt in FY 2022) Number of mines: 1 (5 in FY 2022) Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 25
Independent Director recently sold Mex$3.4m worth of stock On the 21st of February, Enrique Luis Sanchez Mejorada sold around 2k shares on-market at roughly Mex$1,416 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$9.5m more than they bought in the last 12 months. Board Change • Feb 14
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Anuncio • Feb 03
Southern Copper Corporation Announces Dividend, Payable on February 29, 2024 Southern Copper Corporation announced dividend of $.80 per share payable on February 29, 2024, to shareholders of record at the close of business on February 13, 2024, 2024. Declared Dividend • Jan 29
Third quarter dividend of US$0.80 announced Shareholders will receive a dividend of US$0.80. Ex-date: 12th February 2024 Payment date: 29th February 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.3% to bring the payout ratio under control. EPS is expected to grow by 14% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Anuncio • Oct 26
Southern Copper Corporation Authorizes Dividend, Payable on November 22, 2023 Southern Copper Corporation announced on October 24, 2023, the Board of Directors authorized a dividend of $1.00 per share payable on November 22, 2023, to shareholders of record at the close of business on November 8, 2023. Board Change • Oct 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 18
Independent Director recently sold Mex$3.3m worth of stock On the 14th of August, Enrique Luis Castillo Sanchez Mejorada sold around 2k shares on-market at roughly Mex$1,393 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$8.2m more than they bought in the last 12 months. Board Change • Aug 10
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 01
Upcoming dividend of US$1.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 08 August 2023. Payment date: 23 August 2023. Payout ratio and cash payout ratio are on the higher end at 90% and 95% respectively. Trailing yield: 4.0%. Lower than top quartile of Mexican dividend payers (6.4%). Lower than average of industry peers (7.2%). New Risk • Jul 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 102% Earnings are forecast to decline by an average of 0.05% per year for the foreseeable future. Minor Risks High level of debt (51% net debt to equity). Significant insider selling over the past 3 months (Mex$2.0m sold). Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: US$0.71 (vs US$0.56 in 2Q 2022) Second quarter 2023 results: EPS: US$0.71 (up from US$0.56 in 2Q 2022). Revenue: US$2.30b (flat on 2Q 2022). Net income: US$547.5m (up 27% from 2Q 2022). Profit margin: 24% (up from 19% in 2Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Jul 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 12
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 11
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 01
Upcoming dividend of US$1.00 per share at 4.6% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 23 May 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.6%. Lower than top quartile of Mexican dividend payers (6.8%). Lower than average of industry peers (7.4%). Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: US$1.05 (vs US$1.02 in 1Q 2022) First quarter 2023 results: EPS: US$1.05 (up from US$1.02 in 1Q 2022). Revenue: US$2.79b (up 1.1% from 1Q 2022). Net income: US$813.2m (up 3.6% from 1Q 2022). Profit margin: 29% (in line with 1Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Metals and Mining industry in Mexico. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 24% per year. Board Change • Mar 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 06
Upcoming dividend of US$1.00 per share at 4.6% yield Eligible shareholders must have bought the stock before 13 February 2023. Payment date: 01 March 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.6%. Lower than top quartile of Mexican dividend payers (5.8%). Lower than average of industry peers (6.8%). Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: US$3.41 (vs US$4.39 in FY 2021) Full year 2022 results: EPS: US$3.41 (down from US$4.39 in FY 2021). Revenue: US$10.0b (down 8.1% from FY 2021). Net income: US$2.64b (down 22% from FY 2021). Profit margin: 26% (down from 31% in FY 2021). The decrease in margin was driven by lower revenue. Production and reserves: Copper Production: 0.924 Mt (0.958 Mt in FY 2021) Proved and probable reserves (ore): 1,547 Mt (13,126 Mt in FY 2021) Molybdenum Production: 26,240 t (30,230 t in FY 2021) Silver Production: 18,562 troy koz (22,947 troy koz in FY 2021) Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Mexico. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 27% per year. Anuncio • Feb 04
Southern Copper Corporation Announces Dividend, Payable on March 1, 2023 Southern Copper Corporation Board of Directors authorized a dividend of $1.00 per share payable on March 1, 2023, to shareholders of record at the close of business on February 14, 2023. Board Change • Jan 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 01
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 08 November 2022. Payment date: 23 November 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.4%. Within top quartile of Mexican dividend payers (6.3%). Lower than average of industry peers (11%). Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: US$0.67 (vs US$1.12 in 3Q 2021) Third quarter 2022 results: EPS: US$0.67 (down from US$1.12 in 3Q 2021). Revenue: US$2.16b (down 20% from 3Q 2021). Net income: US$519.0m (down 40% from 3Q 2021). Profit margin: 24% (down from 32% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Mexico. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be Mex$1,179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings is also forecast to grow by 3.5% per annum over the same time period. Board Change • Sep 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.75 per share Eligible shareholders must have bought the stock before 10 August 2022. Payment date: 25 August 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.5%. Within top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (15%). Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$0.56 (vs US$1.21 in 2Q 2021) Second quarter 2022 results: EPS: US$0.56 (down from US$1.21 in 2Q 2021). Revenue: US$2.31b (down 20% from 2Q 2021). Net income: US$432.3m (down 54% from 2Q 2021). Profit margin: 19% (down from 32% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to stay flat compared to a 3.5% decline forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Mex$969, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Metals and Mining industry in South America. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,126 per share. Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 07
Upcoming dividend of US$1.00 per share Eligible shareholders must have bought the stock before 14 February 2022. Payment date: 02 March 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Mexican dividend payers (4.4%). Lower than average of industry peers (8.3%). Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$4.39 (up from US$2.03 in FY 2020). Revenue: US$10.9b (up 37% from FY 2020). Net income: US$3.40b (up 116% from FY 2020). Profit margin: 31% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 4.2%, compared to a 4.6% growth forecast for the mining industry in Mexico. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 27% per year. Board Change • Dec 09
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 02
Upcoming dividend of US$1.00 per share Eligible shareholders must have bought the stock before 09 November 2021. Payment date: 23 November 2021. Trailing yield: 6.7%. Within top quartile of Mexican dividend payers (5.1%). Lower than average of industry peers (9.5%). Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$1.12 (vs US$0.66 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.68b (up 26% from 3Q 2020). Net income: US$867.6m (up 72% from 3Q 2020). Profit margin: 32% (up from 24% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Oct 23
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. Director Leonardo Contreras Lerdo de Tejada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 11
Special Independent Director recently sold Mex$528k worth of stock On the 6th of August, Luis Miguel Palomino Bonilla sold around 400 shares on-market at roughly Mex$1,321 per share. In the last 3 months, they made an even bigger sale worth Mex$4.1m. Insiders have been net sellers, collectively disposing of Mex$3.4b more than they bought in the last 12 months. Recent Insider Transactions • Aug 05
Special Independent Director recently sold Mex$523k worth of stock On the 2nd of August, Luis Miguel Palomino Bonilla sold around 400 shares on-market at roughly Mex$1,306 per share. In the last 3 months, they made an even bigger sale worth Mex$4.1m. Insiders have been net sellers, collectively disposing of Mex$3.4b more than they bought in the last 12 months. Upcoming Dividend • Aug 04
Upcoming dividend of US$0.90 per share Eligible shareholders must have bought the stock before 11 August 2021. Payment date: 26 August 2021. Trailing yield: 4.3%. Lower than top quartile of Mexican dividend payers (5.1%). Lower than average of industry peers (4.9%). 
