While Southern Copper Corporation has underperformed by -1.82%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SCCO rose by 44.59%, with highs and lows ranging from $119.75 to $64.00, whereas the simple moving average jumped by 34.48% in the last 200 days.
On April 22, 2024, HSBC Securities Downgraded Southern Copper Corporation (NYSE: SCCO) to Reduce. A report published by Jefferies on March 22, 2024, Upgraded its rating to ‘Buy’ for SCCO. Morgan Stanley also Downgraded SCCO shares as ‘Underweight’, setting a target price of $68 on the company’s shares in a report dated November 27, 2023. Jefferies Initiated an Hold rating on September 18, 2023, and assigned a price target of $91. Goldman May 10, 2023d its ‘Neutral’ rating to ‘Sell’ for SCCO, as published in its report on May 10, 2023. Morgan Stanley’s report from March 30, 2023 suggests a price prediction of $70 for SCCO shares, giving the stock a ‘Equal-Weight’ rating. Wolfe Research also rated the stock as ‘Peer Perform’.
Analysis of Southern Copper Corporation (SCCO)
Investors in Southern Copper Corporation will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $3.80 per share. Further, the quarter-over-quarter decrease in sales is -6.95%, showing a negative trend in the upcoming months.
One of the most important indicators of Southern Copper Corporation’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 29.97% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.56, 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.
For any stock, average volume can also provide valuable insight into volatility, and SCCO is recording 1.29M average volume. On a monthly basis, the volatility of the stock is set at 3.57%, whereas on a weekly basis, it is put at 2.22%, with a loss of -0.88% over the past seven days. Furthermore, long-term investors anticipate a median target price of $82.89, showing decline from the present price of $112.98, 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?
The Copper market is dominated by Southern Copper Corporation (SCCO) 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 37.39, there is a growth in quarterly earnings of -10.43%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 8.09% 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 8.09% at present.
