Peru lowers 2022 growth forecast and abandons mining tax hike plan [Financial Post (Toronto, Ontario, Canada)]
Southern Copper Corporation (SCCO)
Last southern copper corporation earnings: 2/26 04:01 pm
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Source: Financial Post
Advertisement The new forecast is significantly higher than the Refinitiv average of 2.6% but is lower than the 3.6% the ministry had last forecast in May. Finance minister Kurt Burneo said the government would soon launch a package to boost the economy, although he declined to give details. “The economy is growing at lower levels than what we need,” Burneo told reporters. “If we don’t do anything, we will only aspire to low growth levels.” Still, the downward revision came on the back of “transitory supply shocks” that affected the primary sector in the first half of the year, including social unrest against the mining sector, and less favorable external conditions, the ministry said in a report. Peru, the world’s No. 2 copper producer, is also expecting prices of the red metal to fall in 2023. It plans for higher production to offset the fall in tax revenue. Leftist President Pedro Castillo came to office a year ago promising to hike taxes on the mining industry to fund social
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SCCO
News
- Southern Copper Co. (NYSE: SCCO) is now covered by analysts at CICC Research. They set an "outperform" rating on the stock.MarketBeat
- Southern Copper Co. (NYSE: SCCO) was downgraded by analysts at HSBC Holdings plc from a "hold" rating to a "reduce" rating. They now have a $80.00 price target on the stock.MarketBeat
- What's in Store for Southern Copper (SCCO) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- If You Invested $1000 in Southern Copper 10 Years Ago, This Is How Much You'd Have Now [Yahoo! Finance]Yahoo! Finance
- Southern Copper Co. (NYSE: SCCO) had its price target raised by analysts at Scotiabank from $53.00 to $55.00. They now have a "sector underperform" rating on the stock.MarketBeat
SCCO
Earnings
- 4/25/24 - Beat
SCCO
Sec Filings
- 4/26/24 - Form 8-K
- 4/12/24 - Form DEF
- 4/12/24 - Form DEFA14A
- SCCO's page on the SEC website