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After finishing at $107.11 in the prior trading day, Southern Copper Corporation (NYSE: SCCO) closed at $104.76, down -2.19%. In other words, the price has decreased by -$2.19 from its previous closing price. On the day, 0.93 million shares were traded. SCCO stock price reached its highest trading level at $106.08 during the session, while it also had its lowest trading level at $103.32.
Ratios:
Our goal is to gain a better understanding of SCCO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.58. For the most recent quarter (mrq), Quick Ratio is recorded 2.31 and its Current Ratio is at 2.77. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.72.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on July 12, 2024, initiated with a Neutral rating and assigned the stock a target price of $120.
On April 22, 2024, HSBC Securities Downgraded its rating to Reduce which previously was Hold but kept the price unchanged to $80.
Jefferies Upgraded its Hold to Buy on March 22, 2024, whereas the target price for the stock was revised from $91 to $130.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 26 ’24 when PALOMINO BONILLA LUIS MIGUEL sold 100 shares for $119.50 per share. The transaction valued at 11,950 led to the insider holds 2,214 shares of the business.
PALOMINO BONILLA LUIS MIGUEL sold 100 shares of SCCO for $10,000 on Sep 17 ’24. The Director now owns 2,314 shares after completing the transaction at $100.00 per share. On Aug 26 ’24, another insider, PALOMINO BONILLA LUIS MIGUEL, who serves as the Director of the company, sold 100 shares for $105.13 each. As a result, the insider received 10,513 and left with 2,414 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 82803351552 and an Enterprise Value of 86880608256. As of this moment, Southern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.28, and their Forward P/E ratio for the next fiscal year is 21.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.14 while its Price-to-Book (P/B) ratio in mrq is 9.28. Its current Enterprise Value per Revenue stands at 7.938 whereas that against EBITDA is 14.587.
Stock Price History:
Over the past 52 weeks, SCCO has reached a high of $128.27, while it has fallen to a 52-week low of $67.43. The 50-Day Moving Average of the stock is -3.63%, while the 200-Day Moving Average is calculated to be 0.72%.
Shares Statistics:
The stock has traded on average 1.04M shares per day over the past 3-months and 861745 shares per day over the last 10 days, according to various share statistics. A total of 790.40M shares are outstanding, with a floating share count of 87.01M. Insiders hold about 88.99% of the company’s shares, while institutions hold 8.59% stake in the company. Shares short for SCCO as of 1728950400 were 6375353 with a Short Ratio of 6.13, compared to 1726185600 on 6825585. Therefore, it implies a Short% of Shares Outstanding of 6375353 and a Short% of Float of 7.32.
Dividends & Splits
In the trailing 12 months, SCCO’s forward annual dividend rate was 2.37, compared to 2.06 this year. Against a Trailing Annual Dividend Yield of 0.022126785The stock’s 5-year Average Dividend Yield is 4.42.
