In the latest session, Southern Copper Corporation (NYSE: SCCO) closed at $87.50 up 1.21% from its previous closing price of $86.45. In other words, the price has increased by $+1.05 from its previous closing price. On the day, 776535 shares were traded.
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Ratios:
For a deeper understanding of Southern Copper Corporation’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 38.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.38. For the most recent quarter (mrq), Quick Ratio is recorded 2.46 and its Current Ratio is at 3.19. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.94.
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 the company, Morgan Stanley on November 27, 2023, Downgraded its rating to Underweight and sets its target price to $68 from $83 previously.
On September 18, 2023, Jefferies started tracking the stock assigning a Hold rating and target price of $91.
Goldman Downgraded its Neutral to Sell on May 10, 2023, whereas the target price for the stock was revised from $65 to $66.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 07 ’24 when PALOMINO BONILLA LUIS MIGUEL sold 197 shares for $85.00 per share. The transaction valued at 16,745 led to the insider holds 5,114 shares of the business.
PALOMINO BONILLA LUIS MIGUEL sold 100 shares of SCCO for $8,150 on Mar 04 ’24. The Director now owns 5,311 shares after completing the transaction at $81.50 per share. On Feb 21 ’24, another insider, Castillo Sanchez Mejorada Enri, who serves as the Director of the company, sold 2,400 shares for $82.99 each. As a result, the insider received 199,176 and left with 1,200 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 67.65B and an Enterprise Value of 72.93B. As of this moment, Southern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.89, and their Forward P/E ratio for the next fiscal year is 20.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.84 while its Price-to-Book (P/B) ratio in mrq is 9.12. Its current Enterprise Value per Revenue stands at 7.37 whereas that against EBITDA is 14.25.
Stock Price History:
Over the past 52 weeks, SCCO has reached a high of $88.40, while it has fallen to a 52-week low of $64.66. The 50-Day Moving Average of the stock is 82.33, while the 200-Day Moving Average is calculated to be 77.51.
Shares Statistics:
For the past three months, SCCO has traded an average of 951.13K shares per day and 966k over the past ten days. A total of 773.11M shares are outstanding, with a floating share count of 85.10M. Insiders hold about 88.99% of the company’s shares, while institutions hold 8.07% stake in the company. Shares short for SCCO as of Feb 29, 2024 were 4.47M with a Short Ratio of 4.70, compared to 5.7M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.58% and a Short% of Float of 5.26%.
Dividends & Splits
According to the company, the forward annual dividend rate for SCCO is 3.80, from 4.00 in the trailing year. Against a Trailing Annual Dividend Yield of 4.63%, it implies a Forward Annual Dividend Yield of 3.66%. The stock’s 5-year Average Dividend Yield is 4.63. The current Payout Ratio is 127.51% for SCCO, which recently paid a dividend on Feb 29, 2024 with an ex-dividend date of Feb 12, 2024. Stock splits for the company last occurred on Feb 13, 2012 when the company split stock in a 1:1 ratio.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.68 for the current quarter, with a high estimate of $0.82 and a low estimate of $0.58, while EPS last year was $1.17. The consensus estimate for the next quarter is $0.76, with high estimates of $0.86 and low estimates of $0.7.
Analysts are recommending an EPS of between $3.57 and $3.14 for the fiscal current year, implying an average EPS of $3.31. EPS for the following year is $3.54, with 12 analysts recommending between $4.05 and $2.94.
Revenue Estimates
A total of 8 analysts believe the company’s revenue will be $2.44B this quarter.It ranges from a high estimate of $2.65B to a low estimate of $2.3B. As of the current estimate, Southern Copper Corporation’s year-ago sales were $2.82B, an estimated decrease of -13.60% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $2.51B, a decrease of -7.10% over than the figure of -$13.60% in the same quarter last year. There is a high estimate of $2.6B for the next quarter, whereas the lowest estimate is $2.4B.
A total of 13 analysts have provided revenue estimates for SCCO’s current fiscal year. The highest revenue estimate was $10.65B, while the lowest revenue estimate was $9.9B, resulting in an average revenue estimate of $10.11B. In the same quarter a year ago, actual revenue was $10.05B, up 0.60% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $10.64B in the next fiscal year. The high estimate is $12.22B and the low estimate is $10.07B. The average revenue growth estimate for next year is up 5.20% from the average revenue estimate for this year.
