Southern Copper Corporation (NYSE: SCCO) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Southern Copper Corporation is listed on the NYSE in the Basic Materials sector while operating in the Copper industry. The current market capitalization of Southern Copper Corporation is $81.41B. A total of 0.78 million shares were traded on the day, compared to an average of 1.04M shares.

In the most recent transaction, PALOMINO BONILLA LUIS MIGUEL sold 101 shares of SCCO for 103.68 per share on Nov 19 ’24. After the transaction, the Director now owns 2,513 company shares. In a previous transaction on Sep 26 ’24, PALOMINO BONILLA LUIS MIGUEL sold 100 shares at 119.50 per share. SCCO shares that Director owns now total 2,214.

Among the insiders who sold shares, PALOMINO BONILLA LUIS MIGUEL disposed of 100 shares on Sep 17 ’24 at a per-share price of $100.00. This resulted in the Director holding 2,314 shares of SCCO after the transaction. In another insider transaction, PALOMINO BONILLA LUIS MIGUEL sold 100 shares at $105.13 per share on Aug 26 ’24. Company shares held by the Director now total 2,414.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Southern Copper Corporation pays an annual dividend of $2.06, resulting in a dividend yield of 2.00%, and it has a price to earnings (P/E) ratio of 26.83. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, SCCO has a high of $128.27 and a low of $69.09.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $11.29, while its Total Shareholder’s Equity was $8.21B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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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