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Monday, January 30, 2023

Southern Copper Corporation (NYSE: SCCO) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Southern Copper Corporation (SCCO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.46, or -0.75%, to $61.00. The Southern Copper Corporation has recorded 181,055 volume in the after hours trading session.

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Stocks Info

Southern Copper Corporation is listed on the NYSE in the Basic Materials sector while operating in the Copper industry. At the end of the last regular session, the stock closed at $61.46 and fluctuated between $61.84 as its day high and $60.31 as its day low. The current market capitalization of Southern Copper Corporation is $47.61B. A total of 1.41 million shares were traded on the day, compared to an average of 1.55M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SCCO has seen 7 BUY and 0 SELL insider trades, representing the acquisition of 2,800 and the disposition of 0 shares. Over the last 12 months, there were 30 BUYs and 3 SELLs from insiders. Insiders purchased 12,000 shares during that period but sold 350,000.

In the most recent transaction, VELASCO GERMAN LARREA MOTA sold 200,000 shares of SCCO for 74.94 per share on Mar 11. After the transaction, the Chairman of the Board now owns 374,966 company shares. In a previous transaction on Mar 10, VELASCO GERMAN LARREA MOTA sold 100,000 shares at 74.97 per share. SCCO shares that Chairman of the Board owns now total 574,966.

Among the insiders who sold shares, VELASCO GERMAN LARREA MOTA disposed of 50,000 shares on Mar 09 at a per-share price of $74.87. This resulted in the Chairman of the Board holding 674,966 shares of SCCO after the transaction.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Southern Copper Corporation pays an annual dividend of $2.00, resulting in a dividend yield of 3.25%, and it has a price to earnings (P/E) ratio of 18.50. SCCO’s most recent ex-dividend date was 11/8/2022 when it declared a $0.50 quarterly dividend that was paid in cash on 11/23/2022. Previously, the company paid the dividend on 8/25/2022 with an ex-dividend date of 8/10/2022. The SCCO stock dividend was $0.75 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SCCO in the last 3 months, the mean price target is $50.43 with high estimates of $72.50 and low estimates of $36.00. In terms of 52-week highs and lows, SCCO has a high of $79.32 and a low of $42.42.

As of this writing, SCCO has an earnings estimate of $0.6 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.76 per share and a lower estimate of $0.5. The company reported an EPS of $1.02 in the last quarter, which was -5.60% lower than expectations of $1.08.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SCCO is Underweight with a score of 2.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 8 thought it should be Sold.

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