What changed
$SCCO — WATCHLIST 📊 | 6 MONTHS THESIS
🎯 Q1 2026 | Rev $4.3B | EPS $1.92 vs $1.81 🟢 | Margin 58.6%
💡 The market expects sustained high copper prices and smooth project delivery, justifying a 25x+ P/E. The variant view is that copper prices face near-term macro headwinds and project execution may encounter delays, which would pressure margins and derate the multiple.
📉 Reward/risk: 2.0:1
🏢 Business Quality: 8/10 - World-class cost position, long reserve life, strong FCF generation, but geopolitical risks in Peru and Mexico and commodity cyclicality.
📊 Valuation: rich - Trailing P/E >25x, EV/EBITDA ~20x versus historical miner averages of 10-15x and 6-10x, respectively.
🔮 Catalyst: None imminent; potential copper price breakout or Q2 pre-announcement
💰 Entry: $150.0, stop $130.0, target $190.0
📊 Our read: WATCHLIST. Full analysis →
https://stockduty.xyz/s/SCCO0620