Analyst Expects Southern Copper Corporation (NYSE: SCCO) To Make Big Moves

After Hours

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.

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Stocks Info

As a NYSE listed company, SCCO falls under the Basic Materials sector while operating within the Copper industry segment. The current market capitalization of Southern Copper Corporation is $92.76B. A total of 1.25 million shares were traded on the day, compared to an average of 1.30M shares.

In the most recent transaction, PALOMINO BONILLA LUIS MIGUEL sold 3,600 shares of SCCO for 118.30 per share on Apr 30 ’24. After the transaction, the Director now owns 2,214 company shares. In a previous transaction on Apr 29 ’24, PALOMINO BONILLA LUIS MIGUEL sold 300 shares at 118.50 per share. SCCO shares that Director owns now total 4,614.

Among the insiders who sold shares, PALOMINO BONILLA LUIS MIGUEL disposed of 100 shares on Apr 03 ’24 at a per-share price of $110.20. This resulted in the Director holding 4,914 shares of SCCO after the transaction. In another insider transaction, PALOMINO BONILLA LUIS MIGUEL sold 100 shares at $87.10 per share on Mar 13 ’24. Company shares held by the Director now total 5,014.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Southern Copper Corporation pays an annual dividend of $2.80, resulting in a dividend yield of 2.36%, and it has a price to earnings (P/E) ratio of 39.30. SCCO’s most recent ex-dividend date was 5/7/2024 when it declared a $0.01 quarterly dividend that was paid in cash on 5/23/2024. Previously, the company paid the dividend on 2/29/2024 with an ex-dividend date of 2/12/2024. The SCCO stock dividend was $0.80 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, SCCO has a high of $119.75 and a low of $64.00.

As of this writing, SCCO has an earnings estimate of $0.8 per share for the current quarter. EPS was calculated based on a consensus of 6.0 estimates, with a high estimate of $0.94 per share and a lower estimate of $0.7. The company reported an EPS of $1.04 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SCCO’s latest balance sheet shows that the firm has $3.49B in Cash & Short Term Investments as of fiscal 2021. There were $7.46B in debt and $2.25B in liabilities at the time. Its Book Value Per Share was $9.65, 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 1.71.

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