Southern Copper Corporation (NYSE:SCCO) went up by 1.84% from its latest closing price compared to the recent 1-year high of $49.19. The company’s stock price has collected 3.00% of gains in the last five trading sessions. MarketWatch.com reported on 09/07/20 that This analysis of Wall Street stock ratings is sounding a warning for Tesla and 62 other stocks
Is It Worth Investing in Southern Copper Corporation (NYSE :SCCO) Right Now?
Southern Copper Corporation (NYSE:SCCO) scored a price-to-earnings ratio above its average ratio, recording 29.92 x from its present earnings ratio. Plus, the 36-month beta value for SCCO is at 1.16. Opinions of the stock are interesting as 2 analysts out of 12 who provided ratings for Southern Copper Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 7 as “sell.”
The average price from analysts is $38.93, which is -$6.24 below the current price. SCCO currently public float of 82.21M and currently shorts hold a 6.85% ratio of that float. Today, the average trading volume of SCCO was 792.13K shares.
SCCO’s Market Performance
SCCO stocks went up by 3.00% for the week, with a monthly drop of -5.88% and a quarterly performance of 17.31%, while its annual performance rate touched 36.77%. The volatility ratio for the week stands at 2.16% while the volatility levels for the past 30 days are set at 2.56% for Southern Copper Corporation. The simple moving average for the period of the last 20 days is -1.94% for SCCO stocks with a simple moving average of 17.20% for the last 200 days.
Analysts’ Opinion of SCCO
Many brokerage firms have already submitted their reports for SCCO stocks, with Morgan Stanley repeating the rating for SCCO by listing it as a “Underweight.” The predicted price for SCCO in the upcoming period, according to Morgan Stanley is $38 based on the research report published on August 04th of the current year 2020.
JP Morgan, on the other hand, stated in their research note that they expect to see SCCO reach a price target of $33. The rating they have provided for SCCO stocks is “Underweight” according to the report published on June 22nd, 2020.
Goldman gave a rating of “Neutral” to SCCO, setting the target price at $41 in the report published on June 16th of the current year.
SCCO Trading at -0.89% from the 50-Day Moving Average
After a stumble in the market that brought SCCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.97% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares sank -6.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.67% upper at present.
During the last 5 trading sessions, SCCO rose by +3.00%, which changed the moving average for the period of 200-days by +9.11% in comparison to the 20-day moving average, which settled at $46.00. In addition, Southern Copper Corporation saw 6.57% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SCCO starting from PALOMINO BONILLA LUIS MIGUEL, who sale 1,400 shares at the price of $45.10 back on Aug 13. After this action, PALOMINO BONILLA LUIS MIGUEL now owns 9,014 shares of Southern Copper Corporation, valued at $63,140 using the latest closing price.
Casar Perez Alfredo, the Director of Southern Copper Corporation, sale 11,625 shares at $31.58 during a trade that took place back on Apr 27, which means that Casar Perez Alfredo is holding 0 shares at $367,118 based on the most recent closing price.
Stock Fundamentals for SCCO
Current profitability levels for the company are sitting at:
- +37.79 for the present operating margin
- +39.60 for the gross margin
The net margin for Southern Copper Corporation stands at +20.39. The total capital return value is set at 20.08, while invested capital returns managed to touch 11.06. Equity return is now at value 17.20, with 7.20 for asset returns.
Based on Southern Copper Corporation (SCCO), the company’s capital structure generated 117.28 points at debt to equity in total, while total debt to capital is 53.98. Total debt to assets is 48.68, with long-term debt to equity ratio resting at 110.40. Finally, the long-term debt to capital ratio is 50.81.
Currently, EBITDA for the company is 781.50M with total debt to EBITDA at 1.97. When we switch over and look at the enterprise to sales, we see a ratio of 5.34, with the company’s debt to enterprise value settled at 0.21. The receivables turnover for the company is 7.73 and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.83.