Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Southern Copper Corporation shares valued at $9,400 were sold by PALOMINO BONILLA LUIS MIGUEL on Feb 13 ’25. At $94.00 per share, PALOMINO BONILLA LUIS MIGUEL sold 100 shares. The insider’s holdings dropped to 2,813 shares worth approximately $0.27 million following the completion of this transaction.
Also, PALOMINO BONILLA LUIS MIGUEL sold 101 shares, netting a total of over 10,472 in proceeds. Following the sale of shares at $103.68 each, the insider now holds 2,513 shares.
Before that, PALOMINO BONILLA LUIS MIGUEL had sold 100 shares from its account. In a trade valued at $11,950, the Director traded Southern Copper Corporation shares for $119.50 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $0.21 million.
As published in a research note from UBS on March 13, 2025, Southern Copper Corporation [SCCO] has been rated up from a Neutral to a Buy and the price target has been revised to $120. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid December. As of December 02, 2024, JP Morgan has increased its “an Underweight” rating to a “Neutral” for SCCO. Earlier on July 12, 2024, UBS initiated its rating. Their recommendation was “a Neutral” for SCCO stock.
Analyzing SCCO Stock Performance
During the last five days, there has been a surge of approximately 11.18%. Over the course of the year, Southern Copper Corporation shares have jumped approximately 5.93%. Shares of the company reached a 52-week high of $103.67 on 03/24/25 and a 52-week low of $74.84 on 04/08/25. A 50-day SMA is recorded $91.66, while a 200-day SMA reached $100.20.
Support And Resistance Levels for Southern Copper Corporation (SCCO)
According to the 24-hour chart, there is a support level at 93.69, which, if violated, would cause prices to drop to 91.56. In the upper region, resistance lies at 97.19. The next price resistance is at 98.55. RSI (Relative Strength Index) is 60.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.03, which suggests the price will increase in the coming days. Percent R is at 2.71%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
