Southern Copper Corporation (NYSE:SCCO) went up by 4.85% from its latest closing price compared to the recent 1-year high of $83.29. The company’s stock price has collected 10.51% of gains in the last five trading sessions. MarketWatch.com reported on 11/22/21 that U.K.-listed miner plunges as Peru moves to shut mines
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 16.96 x from its present earnings ratio. Plus, the 36-month beta value for SCCO is at 1.13. Opinions of the stock are interesting as 0 analysts out of 15 who provided ratings for Southern Copper Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 8 rated it as “hold,” and 5 as “sell.”
The average price from analysts is $59.27, which is -$6.89 below the current price. SCCO currently public float of 84.86M and currently shorts hold a 4.48% ratio of that float. Today, the average trading volume of SCCO was 1.02M shares.
SCCO’s Market Performance
SCCO stocks went up by 10.51% for the week, with a monthly jump of 16.24% and a quarterly performance of 16.32%, while its annual performance rate touched -1.47%. The volatility ratio for the week stands at 2.87% while the volatility levels for the past 30 days are set at 2.36% for Southern Copper Corporation. The simple moving average for the period of the last 20 days is 13.56% for SCCO stocks with a simple moving average of 7.76% 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 “Equal-Weight.” The predicted price for SCCO in the upcoming period, according to Morgan Stanley is $55 based on the research report published on December 09th of the previous year 2021.
Wolfe Research, on the other hand, stated in their research note that they expect to see SCCO reach a price target of $62. The rating they have provided for SCCO stocks is “Peer Perform” according to the report published on November 17th, 2021.
HSBC Securities gave a rating of “Hold” to SCCO, setting the target price at $68.50 in the report published on July 15th of the previous year.
SCCO Trading at 15.04% 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 -16.90% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +16.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.38% upper at present.
During the last 5 trading sessions, SCCO rose by +10.51%, which changed the moving average for the period of 200-days by +1.64% in comparison to the 20-day moving average, which settled at $61.44. In addition, Southern Copper Corporation saw 12.15% 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 600 shares at the price of $66.30 back on Aug 10. After this action, PALOMINO BONILLA LUIS MIGUEL now owns 3,814 shares of Southern Copper Corporation, valued at $39,780 using the latest closing price.
PALOMINO BONILLA LUIS MIGUEL, the Director of Southern Copper Corporation, sale 400 shares at $66.00 during a trade that took place back on Aug 06, which means that PALOMINO BONILLA LUIS MIGUEL is holding 4,414 shares at $26,400 based on the most recent closing price.
Stock Fundamentals for SCCO
Current profitability levels for the company are sitting at:
- +39.08 for the present operating margin
- +40.66 for the gross margin
The net margin for Southern Copper Corporation stands at +19.67. The total capital return value is set at 21.05, while invested capital returns managed to touch 10.83. Equity return is now at value 41.00, with 18.00 for asset returns.
Based on Southern Copper Corporation (SCCO), the company’s capital structure generated 104.13 points at debt to equity in total, while total debt to capital is 51.01. Total debt to assets is 44.39, with long-term debt to equity ratio resting at 103.15. Finally, the long-term debt to capital ratio is 50.53.
When we switch over and look at the enterprise to sales, we see a ratio of 5.35, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 7.80 and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.48.