Is Southern Copper Corporation (NYSE: SCCO) The Best Stock To Invest In?

After Hours

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Stocks Info

SCCO belongs to the Basic Materials sector of the NYSE while operating in the Copper industry. The current market capitalization of Southern Copper Corporation is $80.65B. A total of 1.03 million shares were traded on the day, compared to an average of 1.06M shares.

In the most recent transaction, PALOMINO BONILLA LUIS MIGUEL sold 100 shares of SCCO for 87.10 per share on Mar 13 ’24. After the transaction, the Director now owns 5,014 company shares. In a previous transaction on Mar 07 ’24, PALOMINO BONILLA LUIS MIGUEL sold 197 shares at 85.00 per share. SCCO shares that Director owns now total 5,114.

Among the insiders who sold shares, PALOMINO BONILLA LUIS MIGUEL disposed of 100 shares on Mar 04 ’24 at a per-share price of $81.50. This resulted in the Director holding 5,311 shares of SCCO after the transaction. In another insider transaction, Castillo Sanchez Mejorada Enri sold 2,400 shares at $82.99 per share on Feb 21 ’24. Company shares held by the Director now total 1,200.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Southern Copper Corporation pays an annual dividend of $3.80, resulting in a dividend yield of 3.64%, and it has a price to earnings (P/E) ratio of 33.25. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SCCO has a high of $106.92 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

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. 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 1.88.

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