Southern Copper Corporation [SCCO] stock is trading at $115.41, up 0.77%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SCCO shares have gain 2.22% over the last week, with a monthly amount drifted -4.17%, and not 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 July 12, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $120. Previously, HSBC Securities downgraded its rating to Reduce on April 22, 2024, and kept the price target unchanged to $80. On March 22, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $130 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $68 on November 27, 2023. Jefferies initiated its recommendation with a Hold and recommended $91 as its price target on September 18, 2023. Goldman downgraded its rating to Sell for this stock on May 10, 2023, and upped its price target to $66. In a note dated March 30, 2023, Morgan Stanley downgraded an Equal-Weight rating on this stock but restated the target price of $70.
Southern Copper Corporation [SCCO] stock has fluctuated between $67.84 and $129.07 over the past year. Currently, Wall Street analysts expect the stock to reach $83.8 within the next 12 months. Southern Copper Corporation [NYSE: SCCO] shares were valued at $115.41 at the most recent close of the market. An investor can expect a potential drop of -27.39% based on the average SCCO price forecast.
Analyzing the SCCO fundamentals
Southern Copper Corporation [NYSE:SCCO] reported sales of 10.94B for the trailing twelve months, which represents a growth of 16.97%. Gross Profit Margin for this corporation currently stands at -2.1% with Operating Profit Margin at 2.23%, Pretax Profit Margin comes in at 2.13%, and Net Profit Margin reading is 1.99%. To continue investigating profitability, this company’s Return on Assets is posted at 0.25, Equity is 0.56 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.77.
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 114.51 points at the first support level, and at 113.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 116.82, and for the 2nd resistance point, it is at 118.24.
Ratios To Look Out For
For context, Southern Copper Corporation’s Current Ratio is 2.77. As well, the Quick Ratio is 2.31, while the Cash Ratio is 1.24. Considering the valuation of this stock, the price to sales ratio is 8.28, the price to book ratio is 10.16 and price to earnings (TTM) ratio is 29.87.
Transactions by insiders
Recent insider trading involved PALOMINO BONILLA LUIS MIGUEL, Director, that happened on Sep 26 ’24 when 100.0 shares were sold. Director, PALOMINO BONILLA LUIS MIGUEL completed a deal on Sep 17 ’24 to sell 100.0 shares. Meanwhile, Director PALOMINO BONILLA LUIS MIGUEL sold 100.0 shares on Aug 26 ’24.
