Southern Copper Corporation (NYSE: SCCO) is -5.44% lower on its value in year-to-date trading and has touched a low of $64.66 and a high of $88.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SCCO stock was last observed hovering at around $80.03 in the last trading session, with the day’s gains setting it 1.36%.
Currently trading at $81.39, the stock is 0.22% and -1.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 1.70% at the moment leaves the stock 5.60% off its SMA200. SCCO registered 6.02% gain for a year compared to 6-month gain of 2.64%. The firm has a 50-day simple moving average (SMA 50) of $6.89 and a 200-day simple moving average (SMA200) of $13.33.
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The stock witnessed a 2.13% loss in the last 1 month and extending the period to 3 months gives it a 10.45%, and is 3.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 1.99% over the month.
Southern Copper Corporation (SCCO) has around 15810 employees, a market worth around $62.92B and $9.90B in sales. Current P/E ratio is 25.95 and Fwd P/E is 18.99. Profit margin for the company is 24.51%. Distance from 52-week low is 25.87% and -7.93% from its 52-week high. The company has generated returns on investments over the last 12 months (16.88%).
Southern Copper Corporation quarterly earnings per share for the current quarter are estimated at $0.68 with sales reaching $2.44B over the same period.The EPS is expected to grow by 11.20% this year, but quarterly earnings will post 0.60% year-over-year. Quarterly sales are estimated to shrink -13.60% in year-over-year returns.
741 institutions hold shares in Southern Copper Corporation (SCCO), with institutional investors hold 75.23% of the company’s shares. The shares outstanding are 773.11M, and float is at 85.10M with Short Float at 6.03%. Institutions hold 8.28% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 7.4 million shares valued at $531.14 million. The investor’s holdings represent 0.96% of the SCCO Shares outstanding. As of Jun 29, 2023, the second largest holder is Fisher Asset Management, LLC with 3.33 million shares valued at $238.66 million to account for 0.43% of the shares outstanding. The other top investors are abrdn plc which holds 3.09 million shares representing 0.40% and valued at over $221.91 million, while Mawer Investment Management Ltd. holds 0.35% of the shares totaling 2.69 million with a market value of $193.3 million.
Southern Copper Corporation (SCCO) Insider Activity
The most recent transaction is an insider sale by PALOMINO BONILLA LUIS MIGUEL, the company’s Director. SEC filings show that PALOMINO BONILLA LUIS MIGUEL sold 100 shares of the company’s common stock on Mar 04 ’24 at a price of $81.50 per share for a total of $8150.0. Following the sale, the insider now owns 5311.0 shares.
Southern Copper Corporation disclosed in a document filed with the SEC on Feb 21 ’24 that Castillo Sanchez Mejorada Enri (Director) sold a total of 2,400 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $82.99 per share for $0.2 million. Following the transaction, the insider now directly holds 1200.0 shares of the SCCO stock.
Still, SEC filings show that on Feb 21 ’24, PALOMINO BONILLA LUIS MIGUEL (Director) disposed off 3 shares at an average price of $85.00 for $255.0. The insider now directly holds 5,411 shares of Southern Copper Corporation (SCCO).
