Southern Copper Corporation (NYSE: SCCO) has a price-to-earnings ratio that is above its average at 23.95x. The stock has a 36-month beta value of 1.15. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 4 as “sell.”
The public float for SCCO is 87.02M, and at present, short sellers hold a 7.74% of that float. On December 20, 2024, the average trading volume of SCCO was 974.83K shares.
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SCCO) stock’s latest price update
The stock price of Southern Copper Corporation (NYSE: SCCO) has dropped by -1.05 compared to previous close of 92.96. Despite this, the company has seen a fall of -9.41% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-19 that The Federal Reserve just cut rates but reduced the outlook for future rate cuts. This sent the market tumbling lower. However, I believe this is a huge gift to dividend investors.
SCCO’s Market Performance
SCCO’s stock has fallen by -9.41% in the past week, with a monthly drop of -11.37% and a quarterly drop of -10.67%. The volatility ratio for the week is 2.91% while the volatility levels for the last 30 days are 2.45% for Southern Copper Corporation The simple moving average for the last 20 days is -7.88% for SCCO’s stock, with a simple moving average of -13.88% 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 $102 based on the research report published on December 12, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see SCCO reach a price target of $92.50. The rating they have provided for SCCO stocks is “Neutral” according to the report published on December 02nd, 2024.
UBS gave a rating of “Neutral” to SCCO, setting the target price at $120 in the report published on July 12th of the current year.
SCCO Trading at -13.03% 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 -28.29% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares sank -10.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.62% lower at present.
During the last 5 trading sessions, SCCO fell by -9.41%, which changed the moving average for the period of 200-days by +13.01% in comparison to the 20-day moving average, which settled at $99.85. In addition, Southern Copper Corporation saw 9.26% 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 101 shares at the price of $103.68 back on Nov 19 ’24. After this action, PALOMINO BONILLA LUIS MIGUEL now owns 2,513 shares of Southern Copper Corporation, valued at $10,472 using the latest closing price.
PALOMINO BONILLA LUIS MIGUEL, the Director of Southern Copper Corporation, sale 100 shares at $119.50 during a trade that took place back on Sep 26 ’24, which means that PALOMINO BONILLA LUIS MIGUEL is holding 2,214 shares at $11,950 based on the most recent closing price.
Stock Fundamentals for SCCO
Current profitability levels for the company are sitting at:
- 0.47 for the present operating margin
- 0.48 for the gross margin
The net margin for Southern Copper Corporation stands at 0.28. The total capital return value is set at 0.31. Equity return is now at value 36.34, with 17.12 for asset returns.
Based on Southern Copper Corporation (SCCO), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 15.61.
Currently, EBITDA for the company is 5.12 billion with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 7.04. The receivables turnover for the company is 6.89for 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 2.77.
Conclusion
To sum up, Southern Copper Corporation (SCCO) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
