The stock price of Southern Copper Corporation (NYSE: SCCO) has plunged by -4.65 when compared to previous closing price of 109.89, but the company has seen a -8.56% decline in its stock price over the last five trading sessions. zacks.com reported 2024-07-17 that The latest trading day saw Southern Copper (SCCO) settling at $109.89, representing a -1.71% change from its previous close.
Is It Worth Investing in Southern Copper Corporation (NYSE: SCCO) Right Now?
Southern Copper Corporation (NYSE: SCCO) has a higher price-to-earnings ratio of 34.86x compared to its average ratio. SCCO has 36-month beta value of 1.20. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 4 as “sell.”
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The public float for SCCO is 85.99M, and currently, short sellers hold a 7.76% ratio of that float. The average trading volume of SCCO on July 18, 2024 was 1.28M shares.
SCCO’s Market Performance
SCCO’s stock has seen a -8.56% decrease for the week, with a -0.46% drop in the past month and a -7.27% fall in the past quarter. The volatility ratio for the week is 2.87%, and the volatility levels for the past 30 days are at 2.35% for Southern Copper Corporation The simple moving average for the last 20 days is -6.21% for SCCO stock, with a simple moving average of 13.41% for the last 200 days.
Analysts’ Opinion of SCCO
Many brokerage firms have already submitted their reports for SCCO stocks, with UBS repeating the rating for SCCO by listing it as a “Neutral.” The predicted price for SCCO in the upcoming period, according to UBS is $120 based on the research report published on July 12, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see SCCO reach a price target of $80. The rating they have provided for SCCO stocks is “Reduce” according to the report published on April 22nd, 2024.
Jefferies gave a rating of “Buy” to SCCO, setting the target price at $130 in the report published on March 22nd of the current year.
SCCO Trading at -8.35% 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 -19.27% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares sank -2.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.01% lower at present.
During the last 5 trading sessions, SCCO fell by -8.33%, which changed the moving average for the period of 200-days by +39.52% in comparison to the 20-day moving average, which settled at $111.57. In addition, Southern Copper Corporation saw 23.01% 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 $110.00 back on Jun 12 ’24. After this action, PALOMINO BONILLA LUIS MIGUEL now owns 2,114 shares of Southern Copper Corporation, valued at $11,000 using the latest closing price.
PALOMINO BONILLA LUIS MIGUEL, the Director of Southern Copper Corporation, sale 3,600 shares at $118.30 during a trade that took place back on Apr 30 ’24, which means that PALOMINO BONILLA LUIS MIGUEL is holding 2,214 shares at $425,880 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
- 0.43 for the gross margin
The net margin for Southern Copper Corporation stands at 0.24. The total capital return value is set at 0.26. Equity return is now at value 29.97, with 13.77 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 0.48. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 12.41.
Currently, EBITDA for the company is 5.03 billion with net debt to EBITDA at 1.17. When we switch over and look at the enterprise to sales, we see a ratio of 9.09. The receivables turnover for the company is 6.95for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.31.
Conclusion
To put it simply, Southern Copper Corporation (SCCO) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
