Southern Copper Corporation [SCCO] stock prices are up 3.58% to $117.02 at the moment. 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 4.62% over the last week, with a monthly amount glided 1.74%, 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 April 22, 2024, when HSBC Securities downgraded its rating to a Reduce but kept the price target unchanged to $80 for it. Previously, Jefferies upgraded its rating to Buy on March 22, 2024, and elevated its price target to $130. On November 27, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $68 on the stock. Jefferies started tracking the stock assigning a Hold rating and suggested a price target of $91 on September 18, 2023. Goldman downgraded its rating to a Sell and raised its price target to $66 on May 10, 2023. Morgan Stanley downgraded its rating to Equal-Weight for this stock on March 30, 2023, but kept the price target unchanged to $70. In a note dated January 11, 2023, Wolfe Research upgraded an Peer Perform rating on this stock.
The stock price of Southern Copper Corporation [SCCO] has been fluctuating between $64.00 and $119.75 over the past year. 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 $117.02 at the most recent close of the market. An investor can expect a potential drop of -29.5% based on the average SCCO price forecast.
Analyzing the SCCO fundamentals
The Southern Copper Corporation [NYSE:SCCO] reported sales of 9.70B for trailing twelve months, representing a drop of -6.95%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.31 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.84.
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 114.20 points at the first support level, and at 111.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 118.65, and for the 2nd resistance point, it is at 120.27.
Southern Copper Corporation [SCCO] reported earnings per share of $0.56 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.67/share, meaning a difference of -$0.11 and a surprise factor of -16.40%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.79 per share as compared to estimates of $0.73 per share, a difference of $0.06 representing a surprise of 8.20%.
Ratios To Look Out For
It’s worth pointing out that Southern Copper Corporation [NYSE:SCCO]’s Current Ratio is 3.31. Also, the Quick Ratio is 2.56, while the Cash Ratio stands at 0.93. Considering the valuation of this stock, the price to sales ratio is 9.42, the price to book ratio is 12.12 and price to earnings (TTM) ratio is 38.73.
Transactions by insiders
Recent insider trading involved PALOMINO BONILLA LUIS MIGUEL, Director, that happened on Apr 30 ’24 when 3600.0 shares were sold. Director, PALOMINO BONILLA LUIS MIGUEL completed a deal on Apr 29 ’24 to sell 300.0 shares. Meanwhile, Director PALOMINO BONILLA LUIS MIGUEL sold 100.0 shares on Apr 03 ’24.
