11:10 AM EDT, 10/31/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We increase our 12-month target price by $55 to $151, driven by an EV/EBITDA multiple of 14.5x applied to our 2027 EBITDA estimate, which is a premium to SCCO's three-year average forward EV/EBITDA 12.2x. We increase our 2025 EPS estimate by $0.43 to $5.17, lift 2026 by $0.65 to $5.62, and introduce our 2027 EPS estimate of $5.78. Our Hold rating reflects SCCO's strong asset quality balanced against near-term execution risks. Q3 delivered record results with net sales of $3.4 billion (+15.2% Y/Y) and industry-leading cash costs of $0.42 per pound, though copper production declined 7% Y/Y. The October 2025 Tia Maria mining authorization marks a key milestone, yet copper production is expected to remain pressured with 911,000 tons forecast for 2026. While SCCO's $2 billion 2026 capex program and exceptional by-product performance (zinc +46%, silver +16%) support long-term value creation, current valuation appears fairly valued given mixed operational trends and extended development timelines.