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Southern Copper Corporation (NYSE: SCCO) closed the day trading at $111.80 down -0.69% from the previous closing price of $112.58. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 1.13 million shares were traded. SCCO stock price reached its highest trading level at $112.087 during the session, while it also had its lowest trading level at $108.63.
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 55.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.33. 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.
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 Jun 12 ’24 when PALOMINO BONILLA LUIS MIGUEL sold 100 shares for $110.00 per share. The transaction valued at 11,000 led to the insider holds 2,114 shares of the business.
PALOMINO BONILLA LUIS MIGUEL sold 3,600 shares of SCCO for $425,880 on Apr 30 ’24. The Director now owns 2,214 shares after completing the transaction at $118.30 per share. On Apr 29 ’24, another insider, PALOMINO BONILLA LUIS MIGUEL, who serves as the Director of the company, sold 300 shares for $118.50 each. As a result, the insider received 35,550 and left with 4,614 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 87333240832 and an Enterprise Value of 92828590080. As of this moment, Southern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.19, and their Forward P/E ratio for the next fiscal year is 22.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.00 while its Price-to-Book (P/B) ratio in mrq is 11.58. Its current Enterprise Value per Revenue stands at 9.568 whereas that against EBITDA is 19.072.
Stock Price History:
The Beta on a monthly basis for SCCO is 1.20, which has changed by 0.45648777 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, SCCO has reached a high of $129.79, while it has fallen to a 52-week low of $68.22. The 50-Day Moving Average of the stock is -2.29%, while the 200-Day Moving Average is calculated to be 21.51%.
Shares Statistics:
Over the past 3-months, SCCO traded about 1.29M shares per day on average, while over the past 10 days, SCCO traded about 948370 shares per day. 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 8.88% stake in the company. Shares short for SCCO as of 1719532800 were 6671856 with a Short Ratio of 5.16, compared to 1717113600 on 6104930. Therefore, it implies a Short% of Shares Outstanding of 6671856 and a Short% of Float of 7.76.
Dividends & Splits
SCCO’s forward annual dividend rate is 2.80, up from 3.761 a year ago. Against a Trailing Annual Dividend Yield of 0.033407353The stock’s 5-year Average Dividend Yield is 4.56. The current Payout Ratio is 127.51% for SCCO, which recently paid a dividend on 2024-02-12 with an ex-dividend date of 1707696000. Stock splits for the company last occurred on 2008-07-10 when the company split stock in a 3:1 ratio.
