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Scco stock price forecast market watchers have adjusted SCCO
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Market watchers have adjusted SCCO stock price forecast values upwards after news of improved mine output efficiency. Cost reductions are enhancing margins, which in turn supports valuation expansion in fundamental models. The upcoming earnings release of Southern Copper will be of great interest to investors. The company is forecasted to report an EPS of $1.05, showcasing a 13.93% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.9 billion, indicating a 6.86% decrease compared to the same quarter of the previous year. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. From a sector rotation perspective, SCCO stock price forecast gains momentum whenever commodity-linked equities outpace industrials. Historical correlation between copper spot prices and SCCO share performance remains statistically significant.