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Here's Why Southern Copper (SCCO) is a Strong Growth Stock

SCCO
Company FundamentalsAnalyst EstimatesAnalyst InsightsCorporate EarningsInvestor Sentiment & PositioningCommodities & Raw Materials
Here's Why Southern Copper (SCCO) is a Strong Growth Stock

Southern Copper (SCCO) is positioned as a compelling growth stock, earning a top-tier 'A' Growth Style Score and a 'B' VGM Score from Zacks, despite its #3 (Hold) Zacks Rank. The copper miner, active across Latin America, is projected for 6% year-over-year earnings growth this fiscal year, supported by recent upward revisions from two analysts that lifted the FY2025 Zacks Consensus Estimate by $0.18 to $4.59 per share, alongside a historical 3.7% average earnings surprise. This combination of strong growth metrics and positive analyst sentiment suggests SCCO warrants investor consideration for its growth potential.

Analysis

Southern Copper (SCCO) presents a compelling growth-oriented profile based on its quantitative ratings, despite a neutral overall rank. The company has been assigned a top-tier 'A' Growth Style Score and a favorable 'B' VGM (Value, Growth, Momentum) Score by Zacks. This is substantiated by a forecast for 6% year-over-year earnings growth in the current fiscal year and a consistent history of positive performance, reflected by an average earnings surprise of 3.7%. Furthermore, analyst sentiment for the upcoming fiscal year 2025 appears to be improving, with two upward earnings estimate revisions in the last 60 days contributing to a $0.18 increase in the Zacks Consensus Estimate to $4.59 per share. This positive momentum in growth metrics and analyst estimates is contrasted by its current Zacks Rank of #3 (Hold), which typically indicates an expectation of in-line market performance in the near term.

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