|Bid||58.89 x 1000|
|Ask||59.17 x 900|
|Day's Range||57.77 - 59.12|
|52 Week Range||53.36 - 79.32|
|Beta (5Y Monthly)||1.13|
|PE Ratio (TTM)||13.36|
|Earnings Date||Jul 25, 2022 - Jul 29, 2022|
|Forward Dividend & Yield||5.00 (8.59%)|
|Ex-Dividend Date||May 16, 2022|
|1y Target Est||63.77|
Peru, the world's second-largest copper producer, risks losing out on billions of dollars of mining investment if the government fails to defuse protests that are hitting the industry and denting production, analysts and executives said. Social conflicts have risen in the Andean nation over the past year since socialist President Pedro Castillo came into office, with a spate of protests against mines, including one that has halted production at the huge Las Bambas copper deposit. With global prices soaring on high demand, that now threatens a mining investment pipeline of some $53 billion and could stall future projects expected by investment bank RBC to make up 12% of the world's copper supply in years to come.
(Bloomberg) -- Southern Copper Corp. is back to full capacity at its Cuajone operation in Peru as the company prepares for formal talks with community members whose protests shut the mine for almost two months.Most Read from BloombergCiti Trader Made Error Behind Flash Crash in Europe StocksRussia Seeks to Annex Occupied Ukraine as Invasion Goals ShiftUkraine Latest: Kremlin Says Putin and Macron Discussed MariupolBiden’s Team Eyes $125,000 Income Cutoff for Student Loan ReliefAs Putin Gets Desp
Mexican mining and transport firm Grupo Mexico reported on Monday a 7.2% fall in quarterly earnings, citing a nearly two-month production halt at a mine in Peru due to a community blockage. Copper production for the quarter dropped 9.9% year-over-year, Grupo Mexico said, largely due to its Peru business, listed separately as Southern Copper Corp as well as Southern Peru Copper Corp. Mexico's top copper miner's revenues rose 9.6% to $3.76 billion, above the Refinitiv estimate of $3.68 billion.