Director PALOMINO BONILLA LUIS MIGUEL of Southern Copper Corp (SCCO, Financial) sold 100 shares of the company on September 26, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 2,214 shares of the company.
Southern Copper Corp, a major player in the mining industry, focuses on the production of copper and other minerals. The company also operates various mines and metallurgical facilities in South America and Mexico, making it one of the leading copper producers globally.
Over the past year, PALOMINO BONILLA LUIS MIGUEL has sold a total of 9,297 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 20 insider sells and no insider buys over the past year.
On the day of the sale, shares of Southern Copper Corp were priced at $119.5. The company's market cap stood at approximately $93.38 billion. The price-earnings ratio of the company is 33.90, which is above both the industry median of 17.575 and the historical median for the company.
According to the GF Value, the intrinsic value of Southern Copper Corp is estimated at $76.42 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.56.
This valuation is based on historical trading multiples, an adjustment factor from GuruFocus for past performance, and future business performance estimates provided by Morningstar analysts.
The insider's recent transaction could be of interest to current and potential investors, providing insights into insider confidence and valuation perspectives at Southern Copper Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
