Southern Copper Corporation (NYSE:SCCO) went up by 2.49% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Copper giant went up by $37.80 to trade ended Friday trading at $36.88. This is up from the $36.88 price recorded on Thursday’s trading session. Thanks to this latest performance, SCCO is closer to the higher price 52-week target of $41.00 and further from the lowest price target of $24.00. Its performance from the start of the year has also been negative, with SCCO down by -11.02% year-to-date.
Southern Copper Corporation (SCCO) started the day trading at $37.58 and recorded an intraday high of $37.82. It also recorded an intraday low of $36.93 during Friday’s trading session. Southern Copper Corporation is a very active stock that recorded a trading volume that is more than 44.66% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 1541564, which is more than 44.66 of the total average daily trading volume of 853.13K.
Southern Copper Corporation (NYSE:SCCO) 2020 Performance Impressive
The increase in SCCO’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SCCO currently stands at $44.82, which is higher than the current trading price of the stock by 15.66%. However, SCCO’s current trading price is -61.33% lower than the 52-week low price of $23.43. In terms of trading volume, Southern Copper Corporation currently experienced healthy participation during the last trading session. 1541564 shares of Southern Copper Corporation were traded on the stock exchange on Friday, which is more than 44.66% of the 853.13K average trading volume of the stock.
The performance of the stock has been positive over the past year. SCCO’s performance over the past one year has seen it plunge by -3.08%, while the stock has gone down by -11.33% in the last six months. The quarterly performance of SCCO currently stands at 48.76%, and it is up by 4.88% in the last month. The only positive figure was from the weekly performance, which currently reads 2.11%. At the time of writing SCCO’s report, the company has a total market cap of $28.51B, making it one of the largest publicly-traded companies in the world.Southern Copper Corporation also has over 14301 employees all over the world.
SCCO Insider Activities
For Southern Copper Corporation, insiders hold 7.70% of all company shares. The insider transactions over the past six months are down by -0.00%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 11,625 of their shares in 1 transactions. After these transactions, insiders at Southern Copper Corporation now hold 690.86M shares, which is over 7.34% of the total company stocks. Institutional investors currently hold a large chunk of the SCCO shares, as they control 89.37% of the company’s total stock.
SCCO Fundamental Analysis
For Southern Copper Corporation, the stock’s diluted earnings per share (EPS) stands at 1.70. In the coming year, analysts expect the EPS to be 1.79. The EPS growth will slow down over the next five years to -0.25% after surging by 3.60% in the previous five years. In terms of revenue, Southern Copper Corporation’s quarterly sales (YOY) is growing at 0.19, which is lower than the average annual revenue of 3.60% over the past half a decade.
The Return on Investment (ROI) on Southern Copper Corporation’s stock currently stands at 13.10%, and it has a net profit margin of 18.10%. The operating margin of the company is 35.70%, and its gross margin is 50.30%.
SCCO Analysts Prediction
In June 16, 2020, several analysts reiterated their positions on the Southern Copper Corporation stock and predicted its performance to their investors. The analysts at Goldman believe SCCO is still a Neutral and set the price target between $47 and $41.
Analysts at BofA/Merrill believe that SCCO is Buy, and they have a price target of between $46 and $42. BofA/Merrill and BofA/Merrill also believe that Southern Copper Corporation’s stock is outperforming at the moment.
At the moment, Southern Copper Corporation’s Total Debt to Equity ratio stands at 1.03, and they have a long-term Debt to Equity ratio of 0.97.
SCCO Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SCCO currently stands at 1.48%, while the SMA50 is 10.65%. The biggest one is the SMA200, which is currently reading 5.83% ahead of Friday’s trading session. The Relative Strength Index of this stock is 58.45, while its price to earnings ratio (P/E) is 22.26.