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Southern Copper Corporation (SCCO): Major Movement on the Horizon

At the end of the latest market close, Southern Copper Corporation (SCCO) was valued at $48.84. In that particular session, Stock kicked-off at the price…

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This article was originally published by Invest Chronicle

At the end of the latest market close, Southern Copper Corporation (SCCO) was valued at $48.84. In that particular session, Stock kicked-off at the price of $49.61 while reaching the peak value of $49.61 and lowest value recorded on the day was $48.66. The stock current value is $47.98.Recently in News on November 9, 2021, S&P Dow Jones Indices and the Lima Stock Exchange Launch the S&P/BVL Peru General ESG Index. S&P Dow Jones Indices (“S&P DJI”), the world’s leading index provider, and the Lima Stock Exchange (“BVL), today announced the debut of the S&P/BVL Peru General ESG Index, the latest in S&P DJI’s growing family of global ESG indices based on some of the world’s most highly-tracked regional and country-specific benchmarks. You can read further details here

Southern Copper Corporation had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $79.32 on 04/04/22, with the lowest value was $44.70 for the same time period, recorded on 07/14/22.

Southern Copper Corporation (SCCO) full year performance was -24.51%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Southern Copper Corporation shares are logging -39.51% during the 52-week period from high price, and 7.34% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $44.70 and $79.32.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 924872 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Southern Copper Corporation (SCCO) recorded performance in the market was -20.86%, having the revenues showcasing -24.03% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 38.68B, as it employees total of 14700 workers.

The Analysts eye on Southern Copper Corporation (SCCO)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 62.36, with a change in the price was noted -27.04. In a similar fashion, Southern Copper Corporation posted a movement of -35.94% for the period of last 100 days, recording 1,357,057 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SCCO is recording 0.80 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.77.

Technical rundown of Southern Copper Corporation (SCCO)

Raw Stochastic average of Southern Copper Corporation in the period of last 50 days is set at 17.24%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 44.47%. In the last 20 days, the company’s Stochastic %K was 48.12% and its Stochastic %D was recorded 47.40%.

Considering, the past performance of Southern Copper Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -20.86%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -24.65%, alongside a downfall of -24.51% for the period of the last 12 months. The shares increased approximately by -0.49% in the 7-day charts and went up by -5.17% in the period of the last 30 days. Common stock shares were lifted by -24.03% during last recorded quarter.

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