A share price of Southern Copper Corporation [SCCO] is currently trading at $95.60, up 1.94%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SCCO shares have gain 4.91% over the last week, with a monthly amount drifted -4.40%, 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 12, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight and also revised its price target to $102 from $106.30. Previously, JP Morgan upgraded its rating to Neutral on December 02, 2024, and kept the price target unchanged to $92.50. On July 12, 2024, UBS initiated with a Neutral rating and assigned a price target of $120 on the stock. HSBC Securities downgraded its rating to a Reduce but stick to its price target of $80 on April 22, 2024. Jefferies upgraded its rating to a Buy and raised its price target to $130 on March 22, 2024. Morgan Stanley downgraded its rating to Underweight for this stock on November 27, 2023, and downed its price target to $68. In a note dated September 18, 2023, Jefferies initiated an Hold rating and provided a target price of $91 on this stock.
Southern Copper Corporation experienced fluctuations in its stock price throughout the past year between $75.45 and $128.27. Currently, Wall Street analysts expect the stock to reach $52 within the next 12 months. Southern Copper Corporation [NYSE: SCCO] shares were valued at $95.60 at the most recent close of the market. An investor can expect a potential drop of -45.61% based on the average SCCO price forecast.
Analyzing the SCCO fundamentals
Trailing Twelve Months sales for Southern Copper Corporation [NYSE:SCCO] were 10.94B which represents 16.97% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.71.
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 93.66 points at the first support level, and at 91.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 96.61, and for the 2nd resistance point, it is at 97.63.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Southern Copper Corporation [NYSE:SCCO] is 2.77. Further, the Quick Ratio stands at 2.31, while the Cash Ratio is 1.24. Considering the valuation of this stock, the price to sales ratio is 6.90, the price to book ratio is 8.47 and price to earnings (TTM) ratio is 24.90.
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.
