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The closing price of Southern Copper Corporation (NYSE: SCCO) was $112.98 for the day, down -1.82% from the previous closing price of $115.07. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 1.31 million shares were traded. SCCO stock price reached its highest trading level at $114.32 during the session, while it also had its lowest trading level at $110.91.
Ratios:
Our analysis of SCCO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 55.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.77. For the most recent quarter (mrq), Quick Ratio is recorded 2.56 and its Current Ratio is at 3.31. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.92.
On March 22, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $91 to $130.
Morgan Stanley Downgraded its Equal-Weight to Underweight on November 27, 2023, whereas the target price for the stock was revised from $83 to $68.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 30 ’24 when PALOMINO BONILLA LUIS MIGUEL sold 3,600 shares for $118.30 per share. The transaction valued at 425,880 led to the insider holds 2,214 shares of the business.
PALOMINO BONILLA LUIS MIGUEL sold 300 shares of SCCO for $35,550 on Apr 29 ’24. The Director now owns 4,614 shares after completing the transaction at $118.50 per share. On Apr 03 ’24, another insider, PALOMINO BONILLA LUIS MIGUEL, who serves as the Director of the company, sold 100 shares for $110.20 each. As a result, the insider received 11,020 and left with 4,914 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SCCO now has a Market Capitalization of 88255004672 and an Enterprise Value of 95382978560. As of this moment, Southern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.39, and their Forward P/E ratio for the next fiscal year is 24.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.10 while its Price-to-Book (P/B) ratio in mrq is 11.70. Its current Enterprise Value per Revenue stands at 9.832 whereas that against EBITDA is 19.597.
Stock Price History:
Over the past 52 weeks, SCCO has reached a high of $119.75, while it has fallen to a 52-week low of $64.00. The 50-Day Moving Average of the stock is 9.66%, while the 200-Day Moving Average is calculated to be 34.48%.
Shares Statistics:
SCCO traded an average of 1.29M shares per day over the past three months and 1641610 shares per day over the past ten days. A total of 781.15M shares are outstanding, with a floating share count of 85.99M. Insiders hold about 88.99% of the company’s shares, while institutions hold 8.09% stake in the company. Shares short for SCCO as of 1713139200 were 5928924 with a Short Ratio of 4.54, compared to 1710460800 on 5861003. Therefore, it implies a Short% of Shares Outstanding of 5928924 and a Short% of Float of 6.890000000000001.
Dividends & Splits
With its trailing 12-month dividend rate of 3.761, SCCO has a forward annual dividend rate of 3.80. Against a Trailing Annual Dividend Yield of 0.032684453The stock’s 5-year Average Dividend Yield is 4.61.
Earnings Estimates
Currently, 6.0 analysts are dedicated to thoroughly evaluating and rating the performance of Southern Copper Corporation (SCCO) in the stock market.On average, analysts expect EPS of $0.8 for the current quarter, with a high estimate of $0.94 and a low estimate of $0.7, while EPS last year was $1.04. The consensus estimate for the next quarter is $0.83, with high estimates of $1.06 and low estimates of $0.68.
Analysts are recommending an EPS of between $4.49 and $2.91 for the fiscal current year, implying an average EPS of $3.78. EPS for the following year is $5.08, with 8.0 analysts recommending between $7.43 and $3.91.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $2.6B to a low estimate of $2.3B. As of the current estimate, Southern Copper Corporation’s year-ago sales were $2.7BFor the next quarter, 4 analysts are estimating revenue of $2.51B. There is a high estimate of $2.54B for the next quarter, whereas the lowest estimate is $2.48B.
A total of 7 analysts have provided revenue estimates for SCCO’s current fiscal year. The highest revenue estimate was $11.59B, while the lowest revenue estimate was $10.08B, resulting in an average revenue estimate of $10.96B. In the same quarter a year ago, actual revenue was $9.9BBased on 8 analysts’ estimates, the company’s revenue will be $12.35B in the next fiscal year. The high estimate is $14.38B and the low estimate is $11.02B.
