As Southern Copper Corporation (SCCO, Financial) prepares to release its earnings report, options trading activity indicates a preference for call options over puts, with a ratio of 9:5. This suggests that traders are positioning themselves for potential upside movement following the earnings announcement.
The implied volatility for SCCO options suggests that the market is expecting a significant price swing of approximately 4.5%, or $4.36 per share. This anticipated move is notably higher than the median price movement of 1.9% observed over the last eight quarterly reports.
Investors and analysts will be closely watching to see if the actual results align with these expectations and what impact this will have on the stock's price. The upcoming earnings could potentially lead to noteworthy shifts in the stock's value based on these options market signals.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Southern Copper Corp (SCCO, Financial) is $91.49 with a high estimate of $129.06 and a low estimate of $70.00. The average target implies an downside of 4.47% from the current price of $95.77. More detailed estimate data can be found on the Southern Copper Corp (SCCO) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Southern Copper Corp's (SCCO, Financial) average brokerage recommendation is currently 3.2, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Southern Copper Corp (SCCO, Financial) in one year is $88.37, suggesting a downside of 7.73% from the current price of $95.77. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Southern Copper Corp (SCCO) Summary page.
