Scotiabank Decreases Earnings Estimates for Southern Copper

Posted by George Bondi on May 21st, 2026

Southern Copper Corporation (NYSE:SCCO – Free Report) – Stock analysts at Scotiabank cut their FY2026 EPS estimates for Southern Copper in a report released on Wednesday, May 20th. Scotiabank analyst A. Salazar now anticipates that the basic materials company will earn $6.86 per share for the year, down from their previous estimate of $7.00. Scotiabank currently has a “Underperform” rating and a $135.00 target price on the stock. The consensus estimate for Southern Copper’s current full-year earnings is $6.97 per share. Scotiabank also issued estimates for Southern Copper’s FY2027 earnings at $6.05 EPS.

Southern Copper (NYSE:SCCO – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.04. Southern Copper had a net margin of 34.13% and a return on equity of 45.63%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $3.96 billion.

Several other equities analysts have also weighed in on SCCO. Morgan Stanley upped their price objective on shares of Southern Copper from $155.00 to $160.00 and gave the company an “underweight” rating in a report on Thursday, April 9th. UBS Group dropped their price objective on shares of Southern Copper from $150.00 to $140.00 and set a “sell” rating on the stock in a report on Friday, March 27th. The Goldman Sachs Group upgraded shares of Southern Copper from a “sell” rating to a “neutral” rating and set a $178.00 price objective on the stock in a report on Friday, April 10th. Wall Street Zen lowered shares of Southern Copper from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Southern Copper from $117.50 to $127.00 and gave the stock an “underweight” rating in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $144.43.

View Our Latest Research Report on SCCO

Southern Copper Price Performance

Shares of NYSE SCCO opened at $174.56 on Thursday. The firm’s 50-day moving average price is $178.16 and its 200-day moving average price is $169.04. Southern Copper has a 1-year low of $88.73 and a 1-year high of $223.88. The firm has a market capitalization of $142.98 billion, a P/E ratio of 28.85, a P/E/G ratio of 1.66 and a beta of 1.07. The company has a current ratio of 4.38, a quick ratio of 3.89 and a debt-to-equity ratio of 0.57.

Southern Copper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Southern Copper’s payout ratio is presently 66.12%.

Insider Activity at Southern Copper

In other news, Director Bonilla Luis Miguel Palomino sold 193 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $174.60, for a total transaction of $33,697.80. Following the completion of the sale, the director directly owned 1,707 shares of the company’s stock, valued at $298,042.20. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 300 shares of company stock worth $52,848 over the last ninety days. Insiders own 0.07% of the company’s stock.

Institutional Investors Weigh In On Southern Copper

Hedge funds and other institutional investors have recently made changes to their positions in the business. SHP Wealth Management bought a new stake in shares of Southern Copper during the fourth quarter worth about $25,000. Lloyd Advisory Services LLC. bought a new stake in Southern Copper in the 4th quarter worth about $29,000. Virtus Advisers LLC bought a new stake in Southern Copper in the 4th quarter worth about $29,000. Godfrey Financial Associates Inc. bought a new stake in Southern Copper in the 4th quarter worth about $30,000. Finally, Hopwood Financial Services Inc. bought a new stake in Southern Copper in the 3rd quarter worth about $25,000. 7.94% of the stock is owned by institutional investors.

About Southern Copper

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Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.