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A Lesson to Learn: Southern Copper Corporation (SCCO)

Southern Copper Corporation (NYSE:SCCO) went up by 1.09% from its latest closing price compared to the recent 1-year high of $79.32. The company’s stock price has collected 3.60% of gains in the last five trading sessions.

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 22.92 x from its present earnings ratio. Plus, the 36-month beta value for SCCO is at 1.15.

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SCCO currently public float of 85.22M and currently shorts hold a 6.75% ratio of that float. Today, the average trading volume of SCCO was 1.49M shares.

SCCO’s Market Performance

SCCO stocks went up by 3.60% for the week, with a monthly jump of 27.44% and a quarterly performance of 60.95%, while its annual performance rate touched 11.10%. The volatility ratio for the week stands at 3.20% while the volatility levels for the past 30 days are set at 2.61% for Southern Copper Corporation. The simple moving average for the period of the last 20 days is 15.05% for SCCO stocks with a simple moving average of 36.50% for the last 200 days.

Analysts’ Opinion of SCCO

Deutsche Bank, on the other hand, stated in their research note that they expect to see SCCO reach a price target of $45. The rating they have provided for SCCO stocks is “Sell” according to the report published on November 23rd, 2022.

Morgan Stanley gave a rating of “Overweight” to SCCO, setting the target price at $54 in the report published on November 08th of the previous year.

SCCO Trading at 23.07% 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 -3.98% of loss for the given period.

Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +27.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.82% upper at present.

During the last 5 trading sessions, SCCO rose by +3.60%, which changed the moving average for the period of 200-days by -2.57% in comparison to the 20-day moving average, which settled at $67.03. In addition, Southern Copper Corporation saw 26.11% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SCCO starting from VELASCO GERMAN LARREA MOTA, who sale 200,000 shares at the price of $74.94 back on Mar 11. After this action, VELASCO GERMAN LARREA MOTA now owns 374,966 shares of Southern Copper Corporation, valued at $14,987,600 using the latest closing price.

VELASCO GERMAN LARREA MOTA, the Chairman of the Board of Southern Copper Corporation, sale 100,000 shares at $74.97 during a trade that took place back on Mar 10, which means that VELASCO GERMAN LARREA MOTA is holding 574,966 shares at $7,497,300 based on the most recent closing price.

Stock Fundamentals for SCCO

Equity return is now at value 32.60, with 14.60 for asset returns.

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