You Should Know These Things About Southern Copper Corporation (SCCO)

As of Wednesday close, Southern Copper Corporation’s (NYSE:SCCO) stock was up $1.84, moving up 3.89 percent to $49.19. The average number of shares traded per day over the past five days has been 2,211,760 shares. 3 times new highs have been achieved over the past 5 days, with a $2.78 gain in that time frame. In the last twenty days, the average volume was 1,675,435, while in the previous 50 days, it was 1,518,750.

Since last month, SCCO stock rose 12.74%. Shares of the company fell to $43.30 on 09/29/22, the lowest level in the past month. A 52-week high of $79.32 was reached on 04/04/22 after having rallying from a 52-week low of $42.42. Since the beginning of this year, SCCO’s stock price has dropped by -20.29% or -$12.52, and marked a new high 17 times. However, the stock has declined by -37.98% since its 52-week high.

SCCO stock investors should be aware that Southern Copper Corporation (SCCO) stock had its last reported insider trading activity 230 days ago on Mar 11. VELASCO GERMAN LARREA MOTA, the Chairman of the Board of the company, disposed of 200,000 shares for $74.94 on Mar 11. It resulted in a $14,987,600 divestment by the insider. VELASCO GERMAN LARREA MOTA sold 100,000 shares at an average price of $74.97 on Mar 10. The insider now owns 574,966 shares following the transaction. On Mar 09, Chairman of the Board VELASCO GERMAN LARREA MOTA sold 50,000 shares at $74.87 apiece. The transaction was valued at $3,743,350.

Valuation Metrics

Right now, Southern Copper Corporation (SCCO) has a P/E ratio of about 13.03. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 3.48, the price-to-book (PB) ratio of 4.98.

The latest dividend of $0.50 per share was paid out, which is -33.33% less than last year’s $0.75. On Thursday October 20 2022, a $0.25 dividend decrease was announced.

Financial Health

In the three months ended March 30, Southern Copper Corporation’s quick ratio stood at 2.60, while its current ratio was 3.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.82, and the total debt-to-equity ratio was 0.86. On the profitability front, the trailing twelve-month gross margin is 60.70% percent. In the year ended March 30, operating margins totaled 50.30%. Based on annual data, SCCO earned $7.04 billion in gross profit and brought in $10.93 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 25.60%. Return on equity (ROE) for the past 12 months was 36.40%.

In Southern Copper Corporation’s quarter-end financial report for March 30, it reported total debt of $6.25 billion against cash and short-term investments of $242.6 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SCCO’s revenue fell -25.58% to $2.76 billion during the quarter, while net income inched up to $2.31 billion. While analysts expected Southern Copper Corporation to report $1.08 quarterly earnings, the actual figure was $1.02 per share, beating the consensus estimate by -5.60%. During the quarter, the company generated $1.02 billion in EBITDA. The liabilities of Southern Copper Corporation were 9.43 billion at the end of its most recent quarter ended March 30, and its total debt was $7.43 billion. The value of shareholders’ equity is $773.09 million.

Technical Picture

This quick technical analysis looks at Southern Copper Corporation’s (SCCO) price momentum. With a historical volatility rate of 52.20%, the RSI 9-day stood at 59.03% on 26 October.

With respect to its five-day moving average, the current Southern Copper Corporation price is up by +5.99% percent or $2.78. At present, SCCO shares trade +10.04% above its 20-day simple moving average and -22.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.26% below its SMA50 and -22.97% below its SMA200.

Stochastic coefficient K was 49.77% and Stochastic coefficient D was 46.60%, while ATR was 2.15. Given the Stochastic reading of 89.52% for the 14-day period, the RSI (14) reading has been calculated as 56.48%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at -0.13.

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