Southern Copper Corporation (NYSE:SCCO) shares, rose in value on Thursday, April 25, with the stock price up by 1.81% to the previous day’s close as strong demand from buyers drove the stock to $111.21.
Actively observing the price movement in the recent trading, the stock is buoying the session at $109.23. The PE ratio was 35.45 over 12-month period. Referring to stock’s 52-week performance, its high was $120.37, and the low was $64.66. On the whole, SCCO has fluctuated by 8.92% over the past month.
The company’s Forward Dividend Ratio is 3.80, with its dividend yield at 3.42%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 10.88B, with a low estimate of 2.3B and a high estimate of 2.43B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.37B.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SCCO currently trading nearly -0.49% and 13.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.99, while the 7-day volatility ratio is showing 3.62% which for the 30-day chart, stands at 3.26%. Furthermore, Southern Copper Corporation (SCCO)’s beta value is 1.30, and its average true range (ATR) is 3.87.
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 1.81% in today’s session so far, and over the past year, it grew by 47.12%%.
Data on historical trading for Southern Copper Corporation (NYSE:SCCO) indicates that the trading volumes over the past 3 months, they’ve averaged 1.18 million. According to company’s latest data on outstanding shares, there are 773.11 million shares outstanding.
Nearly 88.99% of Southern Copper Corporation’s shares belong to company insiders and institutional investors own 8.14% of the company’s shares. The stock has risen by 29.21% 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.
