Southern Copper Corporation (NYSE:SCCO) saw an upside of 0.65% to close Monday at $58.98 after adding $0.38 on the day. The 5-day average trading volume is 1,104,200 shares of the company’s common stock. It has gained $60.79 in the past week. An average of 1,017,955 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 916,668.
SCCO’s 1-month performance is -4.67% or -$2.89 on its low of $54.92 reached on 09/20/21. The company’s shares have touched a 52-week low of $45.88 and high of $83.29, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, SCCO has lost -9.43% or -$6.14. However, the current price is down -29.19%% from the 52-week high price.
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On Aug 10, 63 days have gone by since the last insider trading activity for Southern Copper Corporation (SCCO). PALOMINO BONILLA LUIS MIGUEL (Director) most recently sold 600 shares at $66.30 per share on Aug 10. This transaction cost the insider $39,780. Director, PALOMINO BONILLA LUIS MIGUEL, sold 400 shares at a price of $66.00 on Aug 06. Then, on Aug 02, Director PALOMINO BONILLA LUIS MIGUEL sold 400 shares at a price of $65.82 per share. This transaction amounted to $26,329.
The company’s PE ratio for the last five years has touched a high of 58.79 and a low of 12.26. SCCO stock has a beta of 1.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.58 while the price-to-book (PB) in the most recent quarter is 5.76, with the price to cash flow ratio at 37.74.
It is projected that Southern Copper Corporation’s next ex-dividend date will be on 10-Nov. SCCO is expected to distribute $0.713 as its next dividend.
Southern Copper Corporation’s quick ratio for the period ended June 29 was 3.20, with the current ratio over the same period at 3.80 meaning that SCCO stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.83, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 61.70%. The trailing 12-month EBITDA margin is 48.80% while for the period ending June 29; Southern Copper Corporation’s operating margin was 50.80%. The firm’s gross profit as reported stood at $4.06 billion against revenue of $7.98 billion.
For the quarterly period ending June 29 this year, Southern Copper Corporation’s cash and short-term investments amounted to $545.8 million against total debt of $7.49 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 38.37% to $2.9 billion, while revenue of $2.53 billion was 12.58% off the previous quarter. Analysts expected SCCO to announce $23.46 per share in earnings in its latest quarter, but it posted $24.26, representing a 3.40% surprise. EBITDA for the quarter stood at more than $1.87 billion. SCCO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.72 billion, with total debt at $7.49 billion. Shareholders hold equity totaling $773.08 million
Let’s look briefly at Southern Copper Corporation (SCCO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 57.19% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.99%.
The stock’s 5-day moving average is $57.67, reflecting a +4.35% or $2.46 change from its current price. SCCO is currently trading -4.07% above its 20-day SMA, -16.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -10.15% and -8.43% respectively.
Stochastic %K and %D was 74.76% and 59.69% and the average true range (ATR) pointed at 1.76. The RSI (14) points at 50.64%, while the 14-day stochastic is at 67.03% with the period’s ATR at 1.77. The stock’s 9-day MACD Oscillator is pointing at 1.41 and 1.18 on the 14-day charts.
In the most recent analyst report for Southern Copper Corporation (NYSE: SCCO), HSBC Securities upgraded it to a Hold rating. They previously had a Reduce rating on the stock. Analysts offering their rating for SCCO stock have a consensus rating for the stock as Underweight. Currently, 6 brokerage advisors rate SCCO as a “sell,”, while 6 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 have offered a “buy” rating.
What is SCCO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $44.00 and a high of $77.00, with their median price target at $63.00. Looking at these predictions, the average price target given by analysts is for Southern Copper Corporation (SCCO) stock is $62.63.