Southern Copper Corporation (NYSE: SCCO): Here’s What’s Really Going On

The trading price of Southern Copper Corporation (NYSE:SCCO) floating higher at last check on Wednesday, June 05, closing at $111.32, 1.04% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 36.84. In examining the 52-week price action we see that the stock hit a 52-week high of $129.79 and a 52-week low of $66.94. Over the past month, the stock has lost -4.71% in value.

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Southern Copper Corporation, whose market valuation is $86.96 billion at the time of this writing. The dividend yield on the company stock is 2.49%, while its Forward Dividend ratio is 2.77. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest SCCO has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that SCCO’s price is currently -6.73% off the SMA20 and -2.71% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.06, and weekly volatility stands at 3.62%. When measured over the past 30 days, the indicator reaches 3.13%. Southern Copper Corporation (NYSE:SCCO)’s beta value is currently sitting at 1.23, while the Average True Range indicator is currently displaying 4.49.

To see how Southern Copper Corporation stock has been performing today in comparison to its peers in the industry, here are the numbers: SCCO stock’s performance was 1.04% at last check in today’s session, and 59.61% in the past year. Southern Copper Corporation has a P/E ratio of 36.84.

An evaluation of the daily trading volume of Southern Copper Corporation (NYSE:SCCO) indicates that the 3-month average is 1.44 million.

Currently, records show that 781.15 million of the company’s shares remain outstanding. The insiders hold 88.99% of outstanding shares, whereas institutions hold 8.89%. However, since the stock’s price has seen 30.68% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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