Currently, Southern Copper Corporation [SCCO] is trading at $112.26, up 1.79%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SCCO shares have gain 4.88% over the last week, with a monthly amount glided 32.48%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Southern Copper Corporation [NYSE: SCCO] stock has seen the most recent analyst activity on March 22, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $130 from $91. Previously, Morgan Stanley downgraded its rating to Underweight on November 27, 2023, and dropped its price target to $68. On September 18, 2023, Jefferies initiated with a Hold rating and assigned a price target of $91 on the stock. Goldman downgraded its rating to a Sell and increased its price target to $66 on May 10, 2023. Morgan Stanley downgraded its rating to a Equal-Weight but $70 remained the price target by the analyst firm on March 30, 2023. Wolfe Research upgraded its rating to Peer Perform for this stock on January 11, 2023. In a note dated November 23, 2022, Deutsche Bank downgraded an Sell rating on this stock but restated the target price of $45.
This stock has fluctuated between a low of $64.66 and a high of $112.35 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $82.5 within the next 12 months. Southern Copper Corporation [NYSE: SCCO] shares were valued at $112.26 at the most recent close of the market. An investor can expect a potential drop of -26.51% based on the average SCCO price forecast.
Analyzing the SCCO fundamentals
Trailing Twelve Months sales for Southern Copper Corporation [NYSE:SCCO] were 9.90B which represents -18.60% decline. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.31 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 110.76 points at the first support level, and at 109.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.14, and for the 2nd resistance point, it is at 114.03.
Southern Copper Corporation [SCCO] reported earnings per share of $0.8 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.74/share, meaning a difference of $0.06 and a surprise factor of 8.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.71 per share as compared to estimates of $0.81 per share, a difference of -$0.1 representing a surprise of -12.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Southern Copper Corporation [NYSE:SCCO] is 3.19. Also, the Quick Ratio is 2.46, while the Cash Ratio stands at 0.83. Considering the valuation of this stock, the price to sales ratio is 8.77, the price to book ratio is 11.70 and price to earnings (TTM) ratio is 35.79.
Transactions by insiders
Recent insider trading involved PALOMINO BONILLA LUIS MIGUEL, Director, that happened on Apr 03 ’24 when 100.0 shares were sold. Director, PALOMINO BONILLA LUIS MIGUEL completed a deal on Mar 13 ’24 to sell 100.0 shares. Meanwhile, Director PALOMINO BONILLA LUIS MIGUEL sold 197.0 shares on Mar 07 ’24.
