Can Southern Copper Corporation (NYSE:SCCO) Breach 52-week High Of $31.3100?


The leading market experts have reached a mean price target of $28.5200 on Southern Copper Corporation (NYSE:SCCO) stock. This price level, which is projected to be accomplished in one-year, shows the mean of stock views specified by the firms included in the First Call analysis. The research firms have foreseen earnings of $0.2900 a share for the future quarter and $1.0700 for the current fiscal.

Technical View

The technical analysis of Southern Copper Corporation Com proves that the 50-day moving average of Southern Copper Corporation Com is $26.0971, and stock is trading $-0.2970 points away or -1.1381% from 50-day moving average of $26.0971. It is trading $-0.9624 or -3.5961% away 200-day moving average of $26.7625. Southern Copper Corporation (NYSE:SCCO) 52-week high is $31.3100 and the low is $21.5500 in same period. This explains if the equity moves $-5.5099, it will mark a high for the year. In event of +19.7220% decline, the low point will be hit.

Taking the valuation side to highlight Southern Copper Corporation Com position, shareholders can use financial tool identified as price-to-earnings ratio. This business ratio judges stock’s valuation by seeing the relative expense of the equity. Following this ratio, Southern Copper Corporation (NYSE:SCCO) ratio came in at 35.5863.

In core, the price-earnings ratio specifies the dollar amount a stockholder can expect to spend in a company in order to obtain one dollar of that firm’s earnings. It is why the P/E ratio is sometimes stated as the multiple because it displays how much investors are ready to pay per dollar of profits. If a company were now trading at a multiple of 30, the reading is that an investor is ready to pay $30 for $1 of present earnings.

The stock ended the last session at $25.8001 and registered a market cap of $19.96B. To appraise firm’s overall growth, the shareholders take help of another ration, identified as Price-to-Earnings-Growth ratio. When equity displays a higher PEG ratio, it is indicative of poorer stock appreciation in imminent sessions. A equity comes in the undervalued stocks list when its PEG ratio is in between 0 and 1. Southern Copper Corporation (NYSE:SCCO) PEG ratio is at 1.5000.

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