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Wednesday, September 27, 2023

Taking On Challenges And Growing? – Southern Copper Corporation (SCCO)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Southern Copper Corporation (SCCO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.02%, to $80.68. The Southern Copper Corporation has recorded 110,526 volume in the after hours trading session.

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Stocks Info

This NYSE-listed company operates within the Copper industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $80.66 and fluctuated between $81.46 as its day high and $80.58 as its day low. The current market capitalization of Southern Copper Corporation is $63.26B. A total of 0.87 million shares were traded on the day, compared to an average of 1.07M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SCCO has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 500 shares. Over the last 12 months, there were 23 BUYs and 4 SELLs from insiders. Insiders purchased 9,200 shares during that period but sold 3,000.

In the most recent transaction, Castillo Sanchez Mejorada Enri sold 2,400 shares of SCCO for 81.56 per share on Aug 14. After the transaction, the Director now owns 3,200 company shares. In a previous transaction on Jul 31, PALOMINO BONILLA LUIS MIGUEL sold 500 shares at 87.11 per share. SCCO shares that Director owns now total 5,414.

Among the insiders who sold shares, PALOMINO BONILLA LUIS MIGUEL disposed of 500 shares on Jun 12 at a per-share price of $70.21. This resulted in the Director holding 5,514 shares of SCCO after the transaction. In another insider transaction, PALOMINO BONILLA LUIS MIGUEL sold 500 shares at $78.50 per share on May 08. Company shares held by the Director now total 6,014.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Southern Copper Corporation pays an annual dividend of $4.00, resulting in a dividend yield of 4.96%, and it has a price to earnings (P/E) ratio of 22.41. SCCO’s most recent ex-dividend date was 8/8/2023 when it declared a $1.00 quarterly dividend that was paid in cash on 8/23/2023. Previously, the company paid the dividend on 5/23/2023 with an ex-dividend date of 5/8/2023. The SCCO stock dividend was $0.95 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SCCO in the last 3 months, the mean price target is $63.84 with high estimates of $95.00 and low estimates of $45.00. In terms of 52-week highs and lows, SCCO has a high of $87.59 and a low of $42.42.

As of this writing, SCCO has an earnings estimate of $0.82 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.91 per share and a lower estimate of $0.75. The company reported an EPS of $1.05 in the last quarter, which was 5.00% higher than expectations of $1.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $10.22, while its Total Shareholder’s Equity was $8.21B.

Analysts Opinion

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. 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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