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 $90.88B. A total of 1.07 million shares were traded on the day, compared to an average of 1.32M shares.

In the most recent transaction, PALOMINO BONILLA LUIS MIGUEL sold 100 shares of SCCO for 110.00 per share on Jun 12 ’24. After the transaction, the Director now owns 2,114 company shares. In a previous transaction on Apr 30 ’24, PALOMINO BONILLA LUIS MIGUEL sold 3,600 shares at 118.30 per share. SCCO shares that Director owns now total 2,214.

Among the insiders who sold shares, PALOMINO BONILLA LUIS MIGUEL disposed of 300 shares on Apr 29 ’24 at a per-share price of $118.50. This resulted in the Director holding 4,614 shares of SCCO after the transaction. In another insider transaction, PALOMINO BONILLA LUIS MIGUEL sold 100 shares at $110.20 per share on Apr 03 ’24. Company shares held by the Director now total 4,914.

Dividend

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 $2.80, resulting in a dividend yield of 2.41%, and it has a price to earnings (P/E) ratio of 38.70. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SCCO has a high of $129.79 and a low of $68.22.

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 $9.65, 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 1.71.

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