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Wednesday, June 7, 2023

There’s No Need To Panic Or Freeze When It Comes To Southern Copper Corporation (NYSE: SCCO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Southern Copper Corporation (SCCO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.65, or -2.09%, to $77.39. The Southern Copper Corporation has recorded 42,509 volume in the after hours trading session.

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Stocks Info

The company is listed on the NYSE and operates within the Copper industry segment. At the end of the last regular session, the stock closed at $79.04 and fluctuated between $79.05 as its day high and $77.35 as its day low. The current market capitalization of Southern Copper Corporation is $57.82B. A total of 0.73 million shares were traded on the day, compared to an average of 1.18M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SCCO has seen 8 BUY and 1 SELL insider trades, representing the acquisition of 3,200 and the disposition of 1,500 shares. Over the last 12 months, there were 23 BUYs and 1 SELLs from insiders. Insiders purchased 9,200 shares during that period but sold 1,500.

In the most recent transaction, PALOMINO BONILLA LUIS MIGUEL sold 500 shares of SCCO for 78.50 per share on May 08. After the transaction, the Director now owns 6,014 company shares. In a previous transaction on May 05, PALOMINO BONILLA LUIS MIGUEL sold 500 shares at 78.97 per share. SCCO shares that Director owns now total 6,514.

Among the insiders who sold shares, ARIZTEGUI ANDREVE VICENTE disposed of 1,500 shares on Feb 16 at a per-share price of $76.11. This resulted in the Director holding 4,400 shares of SCCO after the transaction.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Southern Copper Corporation pays an annual dividend of $4.00, resulting in a dividend yield of 5.06%, and it has a price to earnings (P/E) ratio of 22.91. SCCO’s most recent ex-dividend date was 5/8/2023 when it declared a $0.95 quarterly dividend that was paid in cash on 5/23/2023. Previously, the company paid the dividend on 3/1/2023 with an ex-dividend date of 2/13/2023. The SCCO stock dividend was $1.00 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SCCO in the last 3 months, the mean price target is $62.83 with high estimates of $95.00 and low estimates of $43.00. In terms of 52-week highs and lows, SCCO has a high of $82.05 and a low of $42.42.

As of this writing, SCCO has an earnings estimate of $0.89 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.08 per share and a lower estimate of $0.74. The company reported an EPS of $1.17 in the last quarter, which was 36.00% higher than expectations of $0.86.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SCCO’s latest balance sheet shows that the firm has $3.49B in Cash & Short Term Investments as of fiscal 2021. There were $7.39B in debt and $2.25B in liabilities at the time. Its Book Value Per Share was $10.51, while its Total Shareholder’s Equity was $8.21B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 1.78.

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