Southern Copper Corporation (SCCO): Why Is The Stock Strong?

Southern Copper Corporation (NYSE:SCCO) has a beta value of 1.26 and has seen 0.74 million shares traded in the recent trading session. The company, currently valued at $92.14B, closed the recent trade at $117.96 per share which meant it lost -$8.75 on the day or -6.91% during that session. The SCCO stock price is -10.03% off its 52-week high price of $129.79 and 45.74% above the 52-week low of $64.00. The 3-month trading volume is 1.35 million shares.

Southern Copper Corporation (NYSE:SCCO) trade information

Sporting -6.91% in the red today, the stock has traded in the red over the last five days, when the SCCO stock price touched $117.96 or saw a rise of 9.11%. Year-to-date, Southern Copper Corporation shares have moved 38.47%, while the 5-day performance has seen it change -4.02%. Over the past 30 days, the shares of Southern Copper Corporation (NYSE:SCCO) have changed 8.70%.

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Southern Copper Corporation (SCCO) estimates and forecasts

Figures show that Southern Copper Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 59.27% over the past 6 months, with this year growth rate of 27.65%, compared to 9.40% for the industry. Revenue growth from the last financial year stood is estimated to be 11.20%.

4 analysts offering their estimates for the company have set an average revenue estimate of 2.48B for the current quarter. 2 have an estimated revenue figure of 2.51B for the next ending quarter. Year-ago sales stood 2.7B and 2.3B respectively for this quarter and the next, and analysts expect sales will shrink by -8.00% for the current quarter and 11.20% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 9.46% over the past 5 years.

SCCO Dividends

Southern Copper Corporation is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.77 at a share yield of 2.35%. The company’s dividend yield has gone up over the past 12 months.