The price-to-earnings ratio for Southern Copper Corporation (NYSE: SCCO) is above average at 36.29x, Company’s 36-month beta value is 1.29.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 4 as “sell.”
The public float for SCCO is 85.11M, and currently, short sellers hold a 6.68% ratio of that floaft. The average trading volume of SCCO on April 17, 2024 was 1.14M shares.
SCCO) stock’s latest price update
Southern Copper Corporation (NYSE: SCCO) has experienced a decline in its stock price by -0.22 compared to its previous closing price of 114.08. However, the company has seen a fall of -2.26% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that The Zacks Mining – Non Ferrous industry’s prospects look upbeat, backed by strong demand from the energy-transition trend. Stocks like SCCO, FCX, LUNMF, ERO and LEU are worth keeping a tab on, backed by their growth prospects.
SCCO’s Market Performance
SCCO’s stock has fallen by -2.26% in the past week, with a monthly rise of 10.51% and a quarterly rise of 42.86%. The volatility ratio for the week is 4.14% while the volatility levels for the last 30 days are 2.98% for Southern Copper Corporation The simple moving average for the last 20 days is 5.03% for SCCO’s stock, with a simple moving average of 39.41% for the last 200 days.
Analysts’ Opinion of SCCO
Many brokerage firms have already submitted their reports for SCCO stocks, with Jefferies repeating the rating for SCCO by listing it as a “Buy.” The predicted price for SCCO in the upcoming period, according to Jefferies is $130 based on the research report published on March 22, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see SCCO reach a price target of $68, previously predicting the price at $83. The rating they have provided for SCCO stocks is “Underweight” according to the report published on November 27th, 2023.
Jefferies gave a rating of “Hold” to SCCO, setting the target price at $91 in the report published on September 18th of the previous year.
SCCO Trading at 21.72% 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 -5.43% of loss for the given period.
Volatility was left at 2.98%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares surge +10.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.28% upper at present.
During the last 5 trading sessions, SCCO fell by -2.26%, which changed the moving average for the period of 200-days by +61.10% in comparison to the 20-day moving average, which settled at $108.94. In addition, Southern Copper Corporation saw 32.25% 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 PALOMINO BONILLA LUIS MIGUEL, who sale 100 shares at the price of $110.20 back on Apr 03 ’24. After this action, PALOMINO BONILLA LUIS MIGUEL now owns 4,914 shares of Southern Copper Corporation, valued at $11,020 using the latest closing price.
PALOMINO BONILLA LUIS MIGUEL, the Director of Southern Copper Corporation, sale 100 shares at $87.10 during a trade that took place back on Mar 13 ’24, which means that PALOMINO BONILLA LUIS MIGUEL is holding 5,014 shares at $8,710 based on the most recent closing price.
Stock Fundamentals for SCCO
Current profitability levels for the company are sitting at:
- 0.42 for the present operating margin
- 0.44 for the gross margin
The net margin for Southern Copper Corporation stands at 0.25. The total capital return value is set at 0.27. Equity return is now at value 31.29, with 14.26 for asset returns.
Based on Southern Copper Corporation (SCCO), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.56. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 12.83.
Currently, EBITDA for the company is 5.03 billion with net debt to EBITDA at 1.15. When we switch over and look at the enterprise to sales, we see a ratio of 9.49. The receivables turnover for the company is 8.06for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.19.
Conclusion
In a nutshell, Southern Copper Corporation (SCCO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
