Where Does Southern Copper Corporation (SCCO) Rank When It Comes To Price-To-Earnings Ratio?

Southern Copper Corporation (NYSE:SCCO) finished Wednesday with an addition of $0.61 to close at $59.50, an upside of 1.04 percent. An average of 1,108,720 shares of common stock have been traded in the last five days. There was a gain of $3.30 in the past week. The last 20 days have seen an average of 1,075,270 shares traded, while the 50-day average volume stands at 912,972.

SCCO stock has decreased by -2.09% in the last month. The company shares reached their 1-month lowest point of $54.92 on 09/20/21. With the stock rallying to its 52-week high on 05/10/21, shares of the company touched a low of $45.88 and a high of $83.29 in 52 weeks. In spite of this, the price is down -28.56% from the 52-week high.


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Insider Transactions

65 days have passed since Southern Copper Corporation (SCCO) last reported insider trading activity. PALOMINO BONILLA LUIS MIGUEL, who is Director, most recently acquired $600 shares at $66.30 per share on Aug 10. In this transaction, the insider spent $39,780. Director, PALOMINO BONILLA LUIS MIGUEL, disposed of 400 shares at a price of $66.00 on Aug 06. The insider now owns more than $26,400 worth of shares. Prior to that, Director PALOMINO BONILLA LUIS MIGUEL went on to Sale 400 shares at $65.82 each on Aug 02. An amount of $26,329 was transacted.

Valuation Metrics

Southern Copper Corporation (SCCO) has a trailing price-to-earnings (P/E) ratio of 16.47, which compares with the 20.90 for the broader industry and 13.61 for the sector. In the last five years, Southern Copper Corporation’s PE ratio has ranged between 58.79 and 12.26. The stock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.62, the price-to-book (PB) ratio at 5.81, and the price-to-cash flow ratio at 38.07.

Southern Copper Corporation pays a $3.60 dividend per share annually. It offers a dividend yield of 6.05%. The company has a payout ratio of 60.90%. The company’s most recent quarterly dividend payment took place on Aug. 26, and it was $0.90 a share, representing a up of 22.22 from $0.70 last year. Its dividend has been increased for the last 2 consecutive years with the latest increase dividend $0.20 reported on Monday July 26 2021. Dividends have grown by 154.24% each year over the last three years.

Southern Copper Corporation will next go ex-dividend on 10-Nov. The next dividend payment Southern Copper Corporation will make is expected to be $0.713.

The quick ratio of Southern Copper Corporation for the three months ended June 29 was 3.20, and the current ratio was 3.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.83 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 61.70% against a 5-year average of 39.2%. Southern Copper Corporation’s EBITDA margin for the year ending June 29 is 48.80%, while its operating margin for the same period stands at 50.80%. Its gross profit as reported stood at $4.06 billion compared to revenue of $7.98 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Southern Copper Corporation’s return on assets was 16.40%, compared to 8.3% over the last five years. In the past year, the return on investment has been 14.10%, and the 5-year average is 10.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been 37.60% and the 5-year average holds at 19.0%. For the broader industry, ROE averaged -13.62 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Southern Copper Corporation had $545.8 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.9 billion in the quarter, while revenues of $2.53 billion were grew 38.37%. The analyst consensus anticipated Southern Copper Corporation’s latest quarter earnings to come in at $1.17 per share, but it turned out to be $1.21, a 3.40% surprise. For the quarter, EBITDA amounted to $1.87 billion. Shareholders own equity worth $773.08 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Southern Copper Corporation (SCCO) price momentum. RSI 9-day as of the close on 13 October was 60.71%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.62%.

As of today, SCCO’s price is $58.86 +5.87% or $3.30 from its 5-day moving average. SCCO is currently trading -4.56% lower than its 20-day SMA and -14.31% lower than its 100-day SMA. However, the stock’s current price level is -9.09% below the SMA50 and -6.34% below the SMA200.

The stochastic %K and %D were 69.64% and 71.86%, respectively, and the average true range (ATR) was 1.61. With the 14-day stochastic at 76.50% and the average true range at 1.67, the RSI (14) stands at 53.08%. The stock has reached 1.34 on the 9-day MACD Oscillator while the 14-day reading was at 1.36.

Analyst Ratings

HSBC Securities upgraded Southern Copper Corporation (NYSE: SCCO) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a a Reduce.The consensus rating for Southern Copper Corporation (SCCO) among analysts is Underweight. According to current brokerage recommendations, 6 brokerage firms advise that investors sell SCCO, while 6 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 0 others rate it as a “buy”.

What is SCCO’s price target for the next 12 months?

Analysts predict a range of price targets between $41.00 and $77.00, with a median target of $63.00. Taking a look at these predictions, the average price target given by analysts for Southern Copper Corporation (SCCO) stock is $62.19.

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