Several analysts have recently updated their ratings and price targets for Southern Copper (NYSE: SCCO):
- 10/19/2026 – Southern Copper had its “underweight” rating reaffirmed by Barclays PLC. They now have a $168.00 price target on the stock, up from $166.00.
- 10/10/2026 – Southern Copper was upgraded by Wall Street Zen from “hold” to “buy”.
- 10/8/2026 – Southern Copper was upgraded by Weiss Ratings from “buy (b)” to “buy (b+)”.
- 10/8/2026 – Southern Copper had its “sell” rating reaffirmed by UBS Group AG. They now have a $180.00 price target on the stock, up from $160.00.
- 10/7/2026 – Southern Copper had its “underweight” rating reaffirmed by Morgan Stanley. They now have a $170.00 price target on the stock.
- 10/6/2026 – Southern Copper had its price target raised by Wells Fargo & Company from $172.00 to $190.00. They now have an “equal weight” rating on the stock.
Southern Copper Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 3rd will be issued a dividend of $1.30 per share. This is an increase from Southern Copper’s previous quarterly dividend of $1.10. This represents a $5.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, November 3rd. Southern Copper’s dividend payout ratio is 64.33%.
Insider Buying and Selling
In related news, Director Luis Palomino Bonilla sold 202 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $196.79, for a total transaction of $39,751.28. Following the transaction, the director directly owned 1,723 shares of the company’s stock, valued at approximately $339,066.65. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 704 shares of company stock worth $138,077 over the last quarter. Insiders own 0.07% of the company’s stock.
Southern Copper Corporation (NYSE:SCCO) is a mining and metals company engaged primarily in the exploration, development, extraction, processing and production of copper. The company also produces molybdenum, zinc, silver and lead, along with related byproducts. Its operations include open-pit mines, underground mines, concentrators, smelters, refineries and other processing facilities.
Southern Copper operates mainly in Peru and Mexico. Its Peruvian assets include the Toquepala and Cuajone copper mines, while its Mexican operations include the Buenavista del Cobre and La Caridad mines, as well as associated processing and infrastructure facilities.
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