Southern Copper Corporation (NYSE: SCCO) on Friday, soared 0.81% from the previous trading day, before settling in for the closing price of $111.99. Within the past 52 weeks, SCCO’s price has moved between $67.84 and $129.07.
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Basic Materials Sector giant saw their annual sales surged by 7.92% over the last five years. The company achieved an average annual earnings per share of 47.74%. With a float of $86.48 million, this company’s outstanding shares have now reached $785.53 million.
The firm has a total of 15810 workers. Let’s measure their productivity. In terms of profitability, gross margin is 46.4%, operating margin of 45.01%, and the pretax margin is 42.69%.
Southern Copper Corporation (SCCO) Insider Activity
Observing investor behavior towards Copper industry stocks is more important than anything else. The insider ownership of Southern Copper Corporation is 88.99%, while institutional ownership is 8.65%. The most recent insider transaction that took place on Sep 26 ’24, was worth 11,950. In this transaction Director of this company sold 100 shares at a rate of $119.50, taking the stock ownership to the 2,214 shares. Before that another transaction happened on Sep 17 ’24, when Company’s Director sold 100 for $100.00, making the entire transaction worth $10,000. This insider now owns 2,314 shares in total.
Southern Copper Corporation (SCCO) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.79 earnings per share (EPS) for the period topping the consensus outlook (set at 0.73) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 47.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 21.51% during the next five years compared to 9.46% growth over the previous five years of trading.
Southern Copper Corporation (NYSE: SCCO) Trading Performance Indicators
Southern Copper Corporation (SCCO) is currently performing well based on its current performance indicators. A quick ratio of 2.27 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.43. Likewise, its price to free cash flow for the trailing twelve months is 41.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.51, a number that is poised to hit 1.11 in the next quarter and is forecasted to reach 4.73 in one year’s time.
Technical Analysis of Southern Copper Corporation (SCCO)
Analysing the last 5-days average volume posted by the [Southern Copper Corporation, SCCO], we can find that recorded value of 1.0 million was lower than the volume posted last year of 1.17 million. As of the previous 9 days, the stock’s Stochastic %D was 29.20%. Additionally, its Average True Range was 3.52.
During the past 100 days, Southern Copper Corporation’s (SCCO) raw stochastic average was set at 71.45%, which indicates a significant increase from 28.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.23% in the past 14 days, which was lower than the 38.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $106.40, while its 200-day Moving Average is $103.01. Now, the first resistance to watch is $114.22. This is followed by the second major resistance level at $115.55. The third major resistance level sits at $116.32. If the price goes on to break the first support level at $112.12, it is likely to go to the next support level at $111.35. Should the price break the second support level, the third support level stands at $110.02.
Southern Copper Corporation (NYSE: SCCO) Key Stats
Market capitalization of the company is 88.69 billion based on 781,156K outstanding shares. Right now, sales total 9,896 M and income totals 2,425 M. The company made 3,118 M in profit during its latest quarter, and 950,200 K in sales during its previous quarter.
