Southern Copper Corporation (SCCO) Stock Is Emerging from the Clouds

HSBC Securities raised the price target for the Southern Copper Corporation (NYSE:SCCO) stock from “a Hold” to “a Reduce”. The rating was released on April 22, 2024, according to finviz. We previously noted in another research note published on March 22, 2024 by Jefferies that upgraded the stock from a Hold to a Buy with a price target of $130 for SCCO stock. The research report from Morgan Stanley has downgraded the stock from Equal-Weight to Underweight, with a price target set at $68. The stock was initiated by Jefferies, who disclosed in a research note on September 18, 2023, to Hold and set the price objective to $91. In their research brief published May 10, 2023, Goldman analysts downgraded the Southern Copper Corporation stock from Neutral to Sell with a price target of $66.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 1.78% within the last five trades and 4.08% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 67.01% in the last 6 months and 48.60% was added to its value over the previous 3 months. SCCO stock is trading at a margin of -0.54%, 4.34% and 36.30% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.


As of the close of trading, SCCO deals in the Basic Materials domain. The stock is trading -8.60 percent below its 52-week high and 83.22 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 76.49. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Southern Copper Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 41.52 percent and the profit margin is 24.20 percent, and the company has reported a gross margin of 42.84 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $92.67 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Southern Copper Corporation (NYSE:SCCO) is 39.26. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 25.06. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 9.55 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 12.29, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 88.99 percent of Southern Copper Corporation shares are owned by insiders, and 8.86 percent are held by financial institutions. PALOMINO BONILLA LUIS MIGUEL, the Director at Southern Copper Corporation (SCCO) has sold 3,600 shares of firm on Apr 30 ’24 at a price of $118.30 against the total amount of $0.43 million. In another inside trade, PALOMINO BONILLA LUIS MIGUEL, Director of Southern Copper Corporation (NYSE:SCCO) sold 300 shares of the firm on Apr 29 ’24 for a total worth of $35550.0 at a price of $118.50. An inside trade which took place on Apr 03 ’24, Director of Southern Copper Corporation PALOMINO BONILLA LUIS MIGUEL sold 100 shares of firm against total price of $11020.0 at the cost of $110.20 per share.

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