Southern Copper Corporation (NYSE: SCCO) is 0.02% higher on its value in year-to-date trading and has touched a low of $77.29 and a high of $127.34 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 $85.92 in the last trading session, with the day’s gains setting it 4.57%.
Currently trading at $90.49, the stock is -3.05% and -3.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing 5.32% at the moment leaves the stock -12.02% off its SMA200. SCCO registered 15.53% gain for a year compared to 6-month loss of -9.84%.
The stock witnessed a 1.36% gain in the last 1 month and extending the period to 3 months gives it a -9.17%, and is -2.96% down 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 3.82% over the week and 3.09% over the month.
Southern Copper Corporation (SCCO) has around 16133 employees, a market worth around $72.05B and $11.43B in sales. Current P/E ratio is 21.27 and Fwd P/E is 20.08. Profit margin for the company is 29.53%. Distance from 52-week low is 17.09% and -28.94% from its 52-week high. The company has generated returns on investments over the last 12 months (21.66%).
The EPS is expected to grow by 6.41% this year
The shares outstanding are 796.18M, and float is at 87.66M with Short Float at 6.35%.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.13 million shares valued at $768.5 million. The investor’s holdings represent 0.9226 of the SCCO Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 6.51 million shares valued at $701.3 million to account for 0.842 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 4.18 million shares representing 0.5348 and valued at over $450.69 million, while ABRDN PLC holds 0.378 of the shares totaling 2.96 million with a market value of $318.62 million.
Southern Copper Corporation (SCCO) Insider Activity
A total of 0 insider transactions have happened at Southern Copper Corporation (SCCO) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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 Feb 13 ’25 at a price of $94.00 per share for a total of $9400.0. Following the sale, the insider now owns 2813.0 shares.
Southern Copper Corporation disclosed in a document filed with the SEC on Nov 19 ’24 that PALOMINO BONILLA LUIS MIGUEL (Director) sold a total of 101 shares of the company’s common stock. The trade occurred on Nov 19 ’24 and was made at $103.68 per share for $10472.0. Following the transaction, the insider now directly holds 2513.0 shares of the SCCO stock.
Still, SEC filings show that on Sep 26 ’24, PALOMINO BONILLA LUIS MIGUEL (Director) disposed off 100 shares at an average price of $119.50 for $11950.0. The insider now directly holds 2,214 shares of Southern Copper Corporation (SCCO).
Southern Copper Corporation (SCCO): Who are the competitors?
One of the company’s main competitors (and peers) include Freeport-McMoRan Inc. (FCX) that is trading 0.05% up over the past 12 months.Rio Tinto PLC ADR (RIO) lies in the list of competitors of the Southern Copper Corporation and is -1.70% lower over the same period from SCCOCompania de Minas Buenaventura S.A.A. (BUENAVC1) is -10.87% down on the 1-year trading charts.
