Southern Copper Corporation [SCCO] stock prices are down -0.11% to $101.22 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SCCO shares have gain 2.72% over the last week, with a monthly amount drifted -8.50%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Southern Copper Corporation [NYSE: SCCO] stock has seen the most recent analyst activity on December 02, 2024, when JP Morgan upgraded its rating to a Neutral but kept the price target unchanged to $92.50 for it. Previously, UBS started tracking the stock with Neutral rating on July 12, 2024, and set its price target to $120. On April 22, 2024, downgrade downgraded it’s rating to Reduce but maintained its price target of $80 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $130 on March 22, 2024. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $68 on November 27, 2023. Jefferies started tracking with a Hold rating for this stock on September 18, 2023, and assigned it a price target of $91. In a note dated May 10, 2023, Goldman downgraded an Sell rating on this stock and boosted its target price from $65 to $66.
The stock price of Southern Copper Corporation [SCCO] has been fluctuating between $69.37 and $128.27 over the past year. Currently, Wall Street analysts expect the stock to reach $76 within the next 12 months. Southern Copper Corporation [NYSE: SCCO] shares were valued at $101.22 at the most recent close of the market. An investor can expect a potential drop of -24.92% based on the average SCCO price forecast.
Analyzing the SCCO fundamentals
The Southern Copper Corporation [NYSE:SCCO] reported sales of 10.94B for trailing twelve months, representing a surge of 16.97%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.47%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.37 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 0.71.
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 100.57 points at the first support level, and at 99.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.90, and for the 2nd resistance point, it is at 102.59.
Ratios To Look Out For
It’s worth pointing out that Southern Copper Corporation [NYSE:SCCO]’s Current Ratio is 2.77. In addition, the Quick Ratio stands at 2.31 and the Cash Ratio stands at 1.24. Considering the valuation of this stock, the price to sales ratio is 7.31, the price to book ratio is 8.97 and price to earnings (TTM) ratio is 26.36.
Transactions by insiders
Recent insider trading involved PALOMINO BONILLA LUIS MIGUEL, Director, that happened on Nov 19 ’24 when 101.0 shares were sold. Director, PALOMINO BONILLA LUIS MIGUEL completed a deal on Sep 26 ’24 to sell 100.0 shares. Meanwhile, Director PALOMINO BONILLA LUIS MIGUEL sold 100.0 shares on Sep 17 ’24.
