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In the latest session, Southern Copper Corporation (NYSE: SCCO) closed at $115.34 up 1.02% from its previous closing price of $114.17. In other words, the price has increased by $1.02 from its previous closing price. On the day, 1.0 million shares were traded. SCCO stock price reached its highest trading level at $116.61 during the session, while it also had its lowest trading level at $113.05.
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 50.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.77. 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, Jefferies on March 22, 2024, Upgraded its rating to Buy and sets its target price to $130 from $91 previously.
On November 27, 2023, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $83 to $68.
On September 18, 2023, Jefferies started tracking the stock assigning a Hold rating and target price of $91.Jefferies initiated its Hold rating on September 18, 2023, with a $91 target price.
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 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 89170853888 and an Enterprise Value of 94513184768. As of this moment, Southern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.77, and their Forward P/E ratio for the next fiscal year is 25.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.01 while its Price-to-Book (P/B) ratio in mrq is 12.02. Its current Enterprise Value per Revenue stands at 9.551 whereas that against EBITDA is 18.805.
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 21.60%, while the 200-Day Moving Average is calculated to be 40.53%.
Shares Statistics:
For the past three months, SCCO has traded an average of 1.15M shares per day and 1266620 over the past ten days. 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 8.15% stake in the company. Shares short for SCCO as of 1711584000 were 5681439 with a Short Ratio of 4.93, 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
According to the company, the forward annual dividend rate for SCCO is 3.80, from 4.0 in the trailing year. The stock’s 5-year Average Dividend Yield is 4.62.
Earnings Estimates
Currently, Cisco Systems, Inc. analysts are dedicated to thoroughly evaluating and rating the performance of Southern Copper Corporation (SCCO) in the stock market.The consensus estimate for the next quarter is $15.84, with high estimates of $20.68 and low estimates of $115.34.
EPS for the following year is $ETF, with Stocks analysts recommending between $Stocks and $Stocks.
