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In the latest session, Southern Copper Corporation (NYSE: SCCO) closed at $101.70 down -2.49% from its previous closing price of $104.30. In other words, the price has decreased by -$2.49 from its previous closing price. On the day, 0.78 million shares were traded. SCCO stock price reached its highest trading level at $103.86 during the session, while it also had its lowest trading level at $101.36.
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 36.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.17. For the most recent quarter (mrq), Quick Ratio is recorded 2.27 and its Current Ratio is at 2.81. In the meantime, Its Debt-to-Equity ratio is 0.82 whereas as Long-Term Debt/Eq ratio is at 0.76.
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:
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 Aug 08 ’24 when PALOMINO BONILLA LUIS MIGUEL sold 100 shares for $99.60 per share. The transaction valued at 9,960 led to the insider holds 2,514 shares of the business.
PALOMINO BONILLA LUIS MIGUEL sold 100 shares of SCCO for $11,000 on Jun 12 ’24. The Director now owns 2,114 shares after completing the transaction at $110.00 per share. On Apr 30 ’24, another insider, PALOMINO BONILLA LUIS MIGUEL, who serves as the Director of the company, sold 3,600 shares for $118.30 each. As a result, the insider received 425,880 and left with 2,214 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 79888809984 and an Enterprise Value of 84753981440. As of this moment, Southern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.00, and their Forward P/E ratio for the next fiscal year is 20.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.59 while its Price-to-Book (P/B) ratio in mrq is 9.41. Its current Enterprise Value per Revenue stands at 8.057 whereas that against EBITDA is 15.205.
Stock Price History:
Over the past 52 weeks, SCCO has reached a high of $129.07, while it has fallen to a 52-week low of $67.84. The 50-Day Moving Average of the stock is -4.19%, while the 200-Day Moving Average is calculated to be 6.22%.
Shares Statistics:
For the past three months, SCCO has traded an average of 1.17M shares per day and 858900 over the past ten days. A total of 785.53M shares are outstanding, with a floating share count of 86.47M. Insiders hold about 88.99% of the company’s shares, while institutions hold 8.96% stake in the company. Shares short for SCCO as of 1722384000 were 6536146 with a Short Ratio of 5.55, compared to 1719532800 on 6709218. Therefore, it implies a Short% of Shares Outstanding of 6536146 and a Short% of Float of 7.5600000000000005.
Dividends & Splits
According to the company, the forward annual dividend rate for SCCO is 2.40, from 2.764 in the trailing year. Against a Trailing Annual Dividend Yield of 0.026500478The stock’s 5-year Average Dividend Yield is 4.53.
Earnings Estimates
Current recommendations for the stock of the company come from 7.0 analysts. The consensus estimate for the next quarter is $1.21, with high estimates of $1.35 and low estimates of $0.95.
Analysts are recommending an EPS of between $4.78 and $3.45 for the fiscal current year, implying an average EPS of $4.4. EPS for the following year is $5.06, with 11.0 analysts recommending between $7.39 and $3.61.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $2.9B this quarter.It ranges from a high estimate of $3.11B to a low estimate of $2.75B. As of the current estimate, Southern Copper Corporation’s year-ago sales were $2.51BFor the next quarter, 5 analysts are estimating revenue of $3.06B. There is a high estimate of $3.36B for the next quarter, whereas the lowest estimate is $2.8B.
A total of 14 analysts have provided revenue estimates for SCCO’s current fiscal year. The highest revenue estimate was $12.25B, while the lowest revenue estimate was $10.61B, resulting in an average revenue estimate of $11.49B. In the same quarter a year ago, actual revenue was $9.9BBased on 14 analysts’ estimates, the company’s revenue will be $12.37B in the next fiscal year. The high estimate is $15.78B and the low estimate is $10.4B.
