Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Southern Copper Corporation (NYSE: SCCO) closed the day trading at $109.64 down -1.74% from the previous closing price of $111.58. In other words, the price has decreased by -$1.74 from its previous closing price. On the day, 1.84 million shares were traded. SCCO stock price reached its highest trading level at $111.6 during the session, while it also had its lowest trading level at $107.79.
Ratios:
For a better understanding of SCCO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 48.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.05. 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.
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:
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 Apr 03 ’24 when PALOMINO BONILLA LUIS MIGUEL sold 100 shares for $110.20 per share. The transaction valued at 11,020 led to the insider holds 4,914 shares of the business.
PALOMINO BONILLA LUIS MIGUEL sold 100 shares of SCCO for $8,710 on Mar 13 ’24. The Director now owns 5,014 shares after completing the transaction at $87.10 per share. On Mar 07 ’24, another insider, PALOMINO BONILLA LUIS MIGUEL, who serves as the Director of the company, sold 197 shares for $85.00 each. As a result, the insider received 16,745 and left with 5,114 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 84764114944 and an Enterprise Value of 91606278144. As of this moment, Southern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.95, and their Forward P/E ratio for the next fiscal year is 23.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.57 while its Price-to-Book (P/B) ratio in mrq is 11.43. Its current Enterprise Value per Revenue stands at 9.257 whereas that against EBITDA is 18.227.
Stock Price History:
Over the past 52 weeks, SCCO has reached a high of $120.37, while it has fallen to a 52-week low of $64.66. The 50-Day Moving Average of the stock is 13.32%, while the 200-Day Moving Average is calculated to be 32.55%.
Shares Statistics:
Over the past 3-months, SCCO traded about 1.16M shares per day on average, while over the past 10 days, SCCO traded about 1365510 shares per day. A total of 773.11M shares are outstanding, with a floating share count of 85.11M. Insiders hold about 88.99% of the company’s shares, while institutions hold 8.14% stake in the company. Shares short for SCCO as of 1711584000 were 5681439 with a Short Ratio of 4.90, compared to 1709164800 on 4472526. Therefore, it implies a Short% of Shares Outstanding of 5681439 and a Short% of Float of 6.68.
Dividends & Splits
SCCO’s forward annual dividend rate is 3.80, up from 4.0 a year ago. Against a Trailing Annual Dividend Yield of 0.035848718The stock’s 5-year Average Dividend Yield is 4.62.
Earnings Estimates
Southern Copper Corporation (SCCO) is presently subject to a detailed evaluation by 2.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of $0.74 for the current quarter, with a high estimate of $0.75 and a low estimate of $0.73, while EPS last year was $1.05. The consensus estimate for the next quarter is $0.82, with high estimates of $0.85 and low estimates of $0.79.
Analysts are recommending an EPS of between $4.47 and $3.3 for the fiscal current year, implying an average EPS of $3.75. EPS for the following year is $4.7, with 4.0 analysts recommending between $5.68 and $3.95.
Revenue Estimates
1 analysts predict $2.4B in revenue for the current quarter. It ranges from a high estimate of $2.4B to a low estimate of $2.4B. As of the current estimate, Southern Copper Corporation’s year-ago sales were $2.7BFor the next quarter, 1 analysts are estimating revenue of $2.42B. There is a high estimate of $2.42B for the next quarter, whereas the lowest estimate is $2.42B.
A total of 4 analysts have provided revenue estimates for SCCO’s current fiscal year. The highest revenue estimate was $11.21B, while the lowest revenue estimate was $10.08B, resulting in an average revenue estimate of $10.79B. In the same quarter a year ago, actual revenue was $9.9BBased on 5 analysts’ estimates, the company’s revenue will be $12.14B in the next fiscal year. The high estimate is $12.74B and the low estimate is $11.07B.
