While Southern Copper Corporation has underperformed by -1.47%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SCCO rose by 41.88%, with highs and lows ranging from $111.85 to $64.66, whereas the simple moving average jumped by 36.98% in the last 200 days.
On March 22, 2024, Jefferies Upgraded Southern Copper Corporation (NYSE: SCCO) to Buy. A report published by Morgan Stanley on November 27, 2023, Downgraded its rating to ‘Underweight’ for SCCO. Jefferies also rated SCCO shares as ‘Hold’, setting a target price of $91 on the company’s shares in an initiating report dated September 18, 2023. Goldman May 10, 2023d the rating to Sell on May 10, 2023, and set its price target from $65 to $66. Morgan Stanley March 30, 2023d its ‘Overweight’ rating to ‘Equal-Weight’ for SCCO, as published in its report on March 30, 2023. Deutsche Bank also rated the stock as ‘Sell’.
Analysis of Southern Copper Corporation (SCCO)
A return on investment can be expected regardless of SCCO’s performance over the next quarter with the dividend set at $3.80 per share. Further, the quarter-over-quarter decrease in sales is -18.60%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Southern Copper Corporation’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 31.29% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.46, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SCCO is recording an average volume of 1.08M. On a monthly basis, the volatility of the stock is set at 2.91%, whereas on a weekly basis, it is put at 2.61%, with a gain of 5.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $72.32, showing decline from the present price of $109.59, which can serve as yet another indication of whether SCCO is worth investing in or should be passed over.
How Do You Analyze Southern Copper Corporation Shares?
A leading company in the Copper sector, Southern Copper Corporation (SCCO) is based in the USA. When comparing Southern Copper Corporation shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 34.93, there is a growth in quarterly earnings of -50.69%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 88.99%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 8.07% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SCCO shares are owned by institutional investors to the tune of 8.07% at present.
