Southern Copper Corporation (NYSE: SCCO) is 19.21% higher on its value in year-to-date trading and has touched a low of $64.66 and a high of $103.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SCCO stock was last observed hovering at around $103.00 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $102.60, the stock is 20.68% and 23.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing -0.39% at the moment leaves the stock 31.55% off its SMA200. SCCO registered 49.76% gain for a year compared to 6-month gain of 28.62%. The firm has a 50-day simple moving average (SMA 50) of $8.55 and a 200-day simple moving average (SMA200) of $16.54.
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The stock witnessed a 23.66% loss in the last 1 month and extending the period to 3 months gives it a 25.57%, and is 18.68% 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 4.01% over the week and 2.47% over the month.
Southern Copper Corporation (SCCO) has around 15810 employees, a market worth around $79.32B and $9.90B in sales. Current P/E ratio is 32.71 and Fwd P/E is 24.81. Profit margin for the company is 24.51%. Distance from 52-week low is 58.67% and -0.95% 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 10.27% 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.
Southern Copper Corporation (SCCO) Top Institutional Holders
743 institutions hold shares in Southern Copper Corporation (SCCO), with institutional investors hold 75.24% of the company’s shares. The shares outstanding are 773.11M, and float is at 85.10M with Short Float at 5.26%. 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’sDirector. SEC filings show that PALOMINO BONILLA LUIS MIGUEL sold 100 shares of the company’s common stock on Mar 13 ’24 at a price of $87.10 per share for a total of $8710.0. Following the sale, the insider now owns 5014.0 shares.
Southern Copper Corporation disclosed in a document filed with the SEC on Mar 07 ’24 that PALOMINO BONILLA LUIS MIGUEL (Director) sold a total of 197 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $85.00 per share for $16745.0. Following the transaction, the insider now directly holds 5114.0 shares of the SCCO stock.
Still, SEC filings show that on Mar 04 ’24, PALOMINO BONILLA LUIS MIGUEL (Director) disposed off 100 shares at an average price of $81.50 for $8150.0. The insider now directly holds 5,311 shares of Southern Copper Corporation (SCCO).
