How to Buy Southern Copper Stock
Southern Copper Corp
Southern Copper is a copper company located in Arizona, United States, which is part of the Basic Materials sector, and is traded under the ticker SCCO on the NYSE exchange.
Southern Copper stock last closed at $109.23, down 0.37% from the previous day, and has increased 37.41% in one year. It has overperformed other stocks in the Copper industry by 0.13 percentage points. Southern Copper stock is currently +68.93% from its 52-week low of $64.66, and -9.25% from its 52-week high of $120.37.
As of Apr 24, 2024, there are 773.11M shares of SCCO outstanding. The market value of SCCO is $84.45B. In the last 24 hours, 1.5M SCCO shares were traded.
How to Buy Southern Copper Stock
Wondering how to invest in Southern Copper stock? Here's how.
- Choose where to buy Southern Copper stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Southern Copper stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your payment method and add your info.
- Research Southern Copper stock: The Southern Copper ticker symbol is SCCO. Is Southern Copper stock a good investment? Should you buy shares of SCCO? How do SCCO's underlying business fundamentals look? Do top analysts think Southern Copper is a good buy? Why has SCCO's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if SCCO is a good stock to buy).
- Place your SCCO buy order: Decide if you will purchase SCCO shares at the current market price or use a limit order to buy SCCO stock at a given price.
- Get notifications regarding your investment in SCCO: Create a watchlist to keep track of your position in Southern Copper stock.
Step 1: Choose where to buy Southern Copper stock
You will need a brokerage account in order to access the NYSE market and buy SCCO shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. Here's why:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal information so you are able to invest in SCCO today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create a new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on investing apps, you can securely and quickly fund your account:
Watch this video walkthrough to see the process of depositing money into your new investment account.
Step 4: Research Southern Copper stock
After you have selected the best place to buy Southern Copper stock, it's absolutely critical to analyze their stock prior to buying, so you truly wrap your head around the risk and opportunity.
Southern Copper Numbers
Fundamentals of SCCO
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SCCO's stock page.
Is SCCO stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge SCCO's true value.
Using relative valuations ratios:
- SCCO may be undervalued based on its P/E ratio of 34.79x, relative to Copper industry P/E ratio of 35.39x
- SCCO may be overvalued based on its P/B ratio of 11.38x, relative to Copper industry P/B ratio of 5.75x
- SCCO may be overvalued based on its PEG ratio of 1.53x
You can do more valuation research on SCCO's stock here.
SCCO Financial Health
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the SCCO balance sheet.
- SCCO earnings of $4.32B is not sufficient to cover its interest payments.
- SCCO's operating cash flow of $3.57B allows it to safely service it's debt of $7.03B.
Negative Health Checks:
- Total SCCO debt is higher than 5 years ago, relative to shareholder equity.
- SCCO has a relatively high debt to equity ratio of 1.25.
- SCCO profit margin has gone down from 26.3% to 24.5% in the past year.
- There are more long-term liabilities than short-term assets on the SCCO balance sheet.
Is Southern Copper stock a Buy, Hold, or Sell, according to analysts?
Out of 5 Wall Street analysts who give forecasts on SCCO, the consensus analyst rating on Southern Copper is a Sell
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Southern Copper stock forecast page.
SCCO Technical Indicators
SCCO Growth Metrics
Last year, SCCO earnings were $2.43B. During the last 5 year, SCCO's earnings have grown by 9.44% per year. This was faster than the Copper industry average of 2.54%.
Last year, SCCO revenue was $9.90B. Over the last 5 year, SCCO's revenue has grown by 6.88% per year. This was faster than the Copper industry average of 5.53%.
Dig into SCCO's earnings and revenue performance here.
Are SCCO insiders buying or selling the stock?
In the past 12 months, executives and large shareholders at SCCO have sold more shares than they have bought.
Bonilla Luis Miguel Palomino, Director of SCCO, was the latest SCCO insider to sell. They sold $11,020.00 worth of SCCO stock on Apr 3, 2024.
Get more info about who owns SCCO shares here.
Does SCCO stock generate passive income?
Southern Copper pays a dividend of 3.48%, compared to the Copper industry's average dividend yield of 1.65%. If you owned $1,000 worth of SCCO stock, you would have received $34.79 last year.
Southern Copper dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Southern Copper dividend yield and history here.
What others are saying about SCCO
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your SCCO buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, place a limit order.
Click the Open button and eToro will place your order.
If you require more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in SCCO
Now that you own some shares in SCCO, you'll want to keep up with your company.
Make a watchlist to get notified of the latest news about your SCCO stock.
SCCO Feed
How to Buy Stock in Southern Copper
To summarize, here are the 6 steps for buying Southern Copper stock:
- Choose where to buy Southern Copper stock
- Open a brokerage account
- Put funds into your brokerage account
- Research Southern Copper stock
- Place your SCCO buy order
- Get notifications regarding your investment in SCCO
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your investment in Southern Copper, create a watchlist on WallStreetZen today.
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