Southern Copper Corporation trades as part of the metals and mining industry and is in the basic materials sector. The company CEO is Oscar Gonzalez Rocha. Southern Copper Corp is a metal producer having its focus on copper. Its segments include Peruvian operations, Mexican open-pit operations and Mexican underground mining operations.
Previous Intraday Performance:
The SCCO shares had a previous change of 1.11% which opened at 38.14 and closed at 38.25. It moved to an intraday high of 38.58 and a low of 38.03.
SeekingAlpha: Copper Makes A Move
Over the last five trading days, SCCO shares returned 6.93% and in the past 30 trading days it returned 16.45%. Over three months, it changed 22.10%. In one year it has changed -26.03% and within that year its 52-week high was 58.09 and its 52-week low was 29.01. SCCO stock is 31.85% above its 52 Week Low.
Our calculations result in a 200 day moving average of 38.71 and a 50 day moving average of 32.96. Right now, SCCO stock is trading -1.19% below its 200 day moving average and may be a great opportunity to buy, but should check other technical indicators to confirm a buy signal.
SeekingAlpha: Copper Makes A Move
The company has a market cap of $29.6b with 773.0m shares outstanding and a float of 769.4m shares. Trading volume was 1,180,166 shares and has experienced an average volume of 1,279,695 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is good.
The last annual reported EPS for Southern Copper Corporation was 2 which ended on 31st of December 2018, which according to the previous close, that is a PE of 19.13. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.46. The trailing twelve month EPS is 1.09, which comes to a trailing twelve month PE of 35.09. Historically, the PE high was 61.10 and the PE low was 13.50. If the stock reached its PE low, that would represent a price of 14.72, which is a decrease of -61.53%.
Below was the last reported quarterly earnings per share:
12-31-2018: 0.46 (estimated)
The dividend per share is currently 1.60, which is a dividend yield of 4.18%. SCCO stock may not have sufficient earnings to cover future dividends and still be able to invest in and grow the business, therefore in the future the dividend may be reduced.
Base on our calculations, the intrinsic value per share is 83.04, which means it might be undervalued and has a margin of safety of 53.94%
The next earnings report will be: 03-26-2019
The growth of the EPS is critical in understanding the current valuation of Southern Copper Corporation; it is usually expressed as a percentage and is then referred to as the EPS growth rate, which at this time is hard to estimate, but revenue growth has been 6.60% over the last twelve months.
Indicators Also to Watch:
Based on the latest filings, there is 9.80% of institutional ownership. Short-interest was 6,422,726, which was 0.83% of shares outstanding. The short-interest ratio or days-to-cover ratio was 4.64. This stock has some short interest, but it might be normal and no need to worry if long the position.
I calculated the beta to be 0.73
Based on last reported financials, the company’s return on equity is 24.86%, return on assets is 11.15%, profit margin is 21.95%, price-to-sales is 4.12 and price-to-book is 4.45.
Company Score Card:
Results are out of six:
2 : Growth Expectations Result
3 : Financial Safety Result
5 : Past Performance Result
2 : Valuation Result
4 : Dividend Safety Result
3 : Overall Result