The Question Is Whether To Buy Or Not To Buy 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.

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Stocks Info

Southern Copper Corporation is listed on the NYSE as a member of the Basic Materials sector and is a part of the Copper industry. The current market capitalization of Southern Copper Corporation is $64.70B. A total of 0.9 million shares were traded on the day, compared to an average of 1.01M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SCCO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 30 BUYs and 5 SELLs from insiders. Insiders purchased 12,000 shares during that period but sold 4,400.

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.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Southern Copper Corporation pays an annual dividend of $3.80, resulting in a dividend yield of 4.54%, and it has a price to earnings (P/E) ratio of 26.68. SCCO’s most recent ex-dividend date was 2/12/2024 when it declared a $0.80 quarterly dividend that was paid in cash on 2/29/2024. Previously, the company paid the dividend on 11/22/2023 with an ex-dividend date of 11/7/2023. The SCCO stock dividend was $1.00 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SCCO in the last 3 months, the mean price target is $68.36 with high estimates of $93.00 and low estimates of $47.00. In terms of 52-week highs and lows, SCCO has a high of $88.40 and a low of $64.66.

As of this writing, SCCO has an earnings estimate of $0.68 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.82 per share and a lower estimate of $0.58. The company reported an EPS of $0.71 in the last quarter, which was -12.30% lower than expectations of $0.81.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $7.46B in debt and $2.25B in liabilities at the time. Its Book Value Per Share was $9.60, while its Total Shareholder’s Equity was $8.21B.

Analysts Opinion

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. 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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