The price of Southern Copper Corporation (NYSE: SCCO) closed at $116.95 in the last session, up 0.64% from day before closing price of $116.21. In other words, the price has increased by $+0.74 from its previous closing price. On the day, 1222528 shares were traded. SCCO stock price reached its highest trading level at $117.17 during the session, while it also had its lowest trading level at $114.55.
Ratios:
We take a closer look at SCCO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 51.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.26. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 90.42B and an Enterprise Value of 95.69B. As of this moment, Southern’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.28, and their Forward P/E ratio for the next fiscal year is 25.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.14 while its Price-to-Book (P/B) ratio in mrq is 12.19. Its current Enterprise Value per Revenue stands at 9.67 whereas that against EBITDA is 18.70.
Stock Price History:
Over the past 52 weeks, SCCO has reached a high of $117.86, while it has fallen to a 52-week low of $64.66. The 50-Day Moving Average of the stock is 92.25, while the 200-Day Moving Average is calculated to be 81.22.
Shares Statistics:
According to the various share statistics, SCCO traded on average about 1.12M shares per day over the past 3-months and 1.23M shares per day over the past 10 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 8.07% stake in the company. Shares short for SCCO as of Mar 28, 2024 were 5.68M with a Short Ratio of 5.09, compared to 4.47M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.73% and a Short% of Float of 6.68%.
Dividends & Splits
The forward annual dividend rate for SCCO is 3.80, which was 4.00 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.44%, it implies a Forward Annual Dividend Yield of 2.74%. The stock’s 5-year Average Dividend Yield is 4.62. 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
The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.75 for the current quarter, with a high estimate of $0.83 and a low estimate of $0.7, while EPS last year was $1.05. The consensus estimate for the next quarter is $0.84, with high estimates of $1.02 and low estimates of $0.69.
Analysts are recommending an EPS of between $4.47 and $2.94 for the fiscal current year, implying an average EPS of $3.66. EPS for the following year is $4.8, with 13 analysts recommending between $7.51 and $3.82.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $2.48B. It ranges from a high estimate of $2.6B to a low estimate of $2.4B. As of the current estimate, Southern Copper Corporation’s year-ago sales were $2.7B, an estimated decrease of -8.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $2.5B, an increase of 8.80% over than the figure of -$8.20% in the same quarter last year. There is a high estimate of $2.57B for the next quarter, whereas the lowest estimate is $2.42B.
A total of 14 analysts have provided revenue estimates for SCCO’s current fiscal year. The highest revenue estimate was $12.22B, while the lowest revenue estimate was $9.73B, resulting in an average revenue estimate of $10.71B. In the same quarter a year ago, actual revenue was $9.9B, up 8.20% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $12.16B in the next fiscal year. The high estimate is $15.78B and the low estimate is $10.51B. The average revenue growth estimate for next year is up 13.50% from the average revenue estimate for this year.
