Southern Copper Corporation (NYSE:SCCO) shares, rose in value on Friday, January 03, with the stock price down by -0.16% to the previous day’s close as strong demand from buyers drove the stock to $92.01.
Actively observing the price movement in the last trading, the stock closed the session at $92.16, falling within a range of $91.2 and $92.895. The value of beta (5-year monthly) was 1.188 whereas the PE ratio was 23.96 over 12-month period. Referring to stock’s 52-week performance, its high was $128.27, and the low was $75.45. On the whole, SCCO has fluctuated by -9.20% over the past month.
With the market capitalization of Southern Copper Corporation currently standing at about $72.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.06, with its dividend yield at 2.24%.
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 100% Sell 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 1.67, with the price of SCCO currently trading nearly -4.60% and -9.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.85, while the 7-day volatility ratio is showing 1.65% which for the 30-day chart, stands at 2.20%. Furthermore, Southern Copper Corporation (SCCO)’s beta value is 1.14, and its average true range (ATR) is 2.41.
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 -0.16% in last session, and over the past year, it grew by 12.13%%.
Data on historical trading for Southern Copper Corporation (NYSE:SCCO) indicates that the trading volumes over the past 10 days have averaged 0.68 and over the past 3 months, they’ve averaged 869.78K. 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 8.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.55 million shares as on 2024-12-13, resulting in a short ratio of 7.78. According to the data, the short interest in Southern Copper Corporation (SCCO) stood at 752.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 7.13 million. The stock has risen by 0.97% 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.
