Southern Copper Corporation (NYSE:SCCO) shares, rose in value on Friday, December 13, with the stock price down by -1.51% to the previous day’s close as strong demand from buyers drove the stock to $100.00.
Actively observing the price movement in the last trading, the stock closed the session at $101.53, falling within a range of $99.0972 and $100.82. The value of beta (5-year monthly) was 1.188 whereas the PE ratio was 26.04 over 12-month period. Referring to stock’s 52-week performance, its high was $128.27, and the low was $72.17. On the whole, SCCO has fluctuated by -0.98% over the past month.
With the market capitalization of Southern Copper Corporation currently standing at about $79.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 2.06, with its dividend yield at 2.06%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.74B, with a low estimate of 2.79B and a high estimate of 3.11B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.9B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SCCO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.81, with the price of SCCO currently trading nearly -1.27% and -6.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.32, while the 7-day volatility ratio is showing 2.52% which for the 30-day chart, stands at 2.31%. Furthermore, Southern Copper Corporation (SCCO)’s beta value is 1.13, and its average true range (ATR) is 2.94.
A comparison of Southern Copper Corporation (SCCO) with its peers suggests the former has fared considerably weaker in the market. SCCO showed an intraday change of -1.51% in last session, and over the past year, it grew by 32.17%%.
Data on historical trading for Southern Copper Corporation (NYSE:SCCO) indicates that the trading volumes over the past 10 days have averaged 0.79 and over the past 3 months, they’ve averaged 998.06K. According to company’s latest data on outstanding shares, there are 790.41 million shares outstanding.
Nearly 88.99% of Southern Copper Corporation’s shares belong to company insiders and institutional investors own 8.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.73 million shares as on 2024-11-29, resulting in a short ratio of 7.68. According to the data, the short interest in Southern Copper Corporation (SCCO) stood at 773.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 7.02 million. The stock has risen by 18.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SCCO stock heading into the next quarter.
