Southern Copper Corporation (NYSE: SCCO) on Tuesday, plunged -0.35% from the previous trading day, before settling in for the closing price of $114.81. Within the past 52 weeks, SCCO’s price has moved between $67.84 and $129.07.
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Annual sales at Basic Materials sector company grew by 7.92% over the past five years. The company achieved an average annual earnings per share of 53.06%. With a float of $86.48 million, this company’s outstanding shares have now reached $785.53 million.
Let’s look at the performance matrix of the company that is accounted for 15810 employees. In terms of profitability, gross margin is -209.57%, operating margin of 222.86%, and the pretax margin is 213.48%.
Southern Copper Corporation (SCCO) Insider Updates
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 8.59%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 53.06% 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 2.31 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 8.21. Likewise, its price to free cash flow for the trailing twelve months is 35.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.86, a number that is poised to hit 1.23 in the next quarter and is forecasted to reach 4.96 in one year’s time.
Technical Analysis of Southern Copper Corporation (SCCO)
Southern Copper Corporation (NYSE: SCCO) saw its 5-day average volume 1.0 million, a negative change from its year-to-date volume of 1.16 million. As of the previous 9 days, the stock’s Stochastic %D was 60.52%. Additionally, its Average True Range was 3.15.
During the past 100 days, Southern Copper Corporation’s (SCCO) raw stochastic average was set at 77.02%, which indicates a significant increase from 47.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.33% in the past 14 days, which was lower than the 37.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $108.07, while its 200-day Moving Average is $104.07. Nevertheless, the first resistance level for the watch stands at $115.96 in the near term. At $117.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $118.36. If the price goes on to break the first support level at $113.56, it is likely to go to the next support level at $112.71. Assuming the price breaks the second support level, the third support level stands at $111.16.
Southern Copper Corporation (NYSE: SCCO) Key Stats
Market capitalization of the company is 89.87 billion based on 781,159K outstanding shares. Right now, sales total 9,896 M and income totals 2,425 M. The company made 2,931 M in profit during its latest quarter, and 896,700 K in sales during its previous quarter.
