Investing In Southern Copper Corporation (NYSE: SCCO): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NYSE and operates within the Copper industry segment. The current market capitalization of Southern Copper Corporation is $89.42B. A total of 0.96 million shares were traded on the day, compared to an average of 1.10M shares.

In the most recent transaction, PALOMINO BONILLA LUIS MIGUEL sold 100 shares of SCCO for 119.50 per share on Sep 26 ’24. After the transaction, the Director now owns 2,214 company shares. In a previous transaction on Sep 17 ’24, PALOMINO BONILLA LUIS MIGUEL sold 100 shares at 100.00 per share. SCCO shares that Director owns now total 2,314.

Among the insiders who sold shares, PALOMINO BONILLA LUIS MIGUEL disposed of 100 shares on Aug 26 ’24 at a per-share price of $105.13. This resulted in the Director holding 2,414 shares of SCCO after the transaction. In another insider transaction, PALOMINO BONILLA LUIS MIGUEL sold 100 shares at $99.60 per share on Aug 08 ’24. Company shares held by the Director now total 2,514.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Southern Copper Corporation pays an annual dividend of $2.40, resulting in a dividend yield of 2.11%, and it has a price to earnings (P/E) ratio of 29.46. SCCO’s most recent ex-dividend date was 11/6/2024 when it declared a $0.62 quarterly dividend that was paid in cash on 11/21/2024. Previously, the company paid the dividend on 8/26/2024 with an ex-dividend date of 8/9/2024. The SCCO stock dividend was $0.60 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, SCCO has a high of $129.07 and a low of $67.84.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SCCO’s latest balance sheet shows that the firm has $3.49B in Cash & Short Term Investments as of fiscal 2021. There were $7.46B in debt and $2.25B in liabilities at the time. Its Book Value Per Share was $11.36, while its Total Shareholder’s Equity was $8.21B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SCCO is Buy with a score of 2.00.

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