Several brokerages have updated their recommendations and price targets on shares of Southern Copper (NYSE: SCCO) in the last few weeks:
- 10/30/2026 – Southern Copper was downgraded by Weiss Ratings from “buy (b+)” to “buy (b)”.
- 10/26/2026 – Southern Copper was given a new $163.27 price target by Barclays. They now have an “underweight” rating on the stock.
- 10/23/2026 – Southern Copper was given a new $190.98 price target by Wells Fargo & Company. They now have an “equal weight” rating on the stock.
- 10/19/2026 – Southern Copper had its “underweight” rating reaffirmed by Barclays. They now have a $166.24 price target on the stock, up from $164.26.
- 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. They now have a $178.11 price target on the stock, up from $158.32.
- 10/7/2026 – Southern Copper had its “underweight” rating reaffirmed by Morgan Stanley. They now have a $168.22 price target on the stock.
- 10/6/2026 – Southern Copper had its price target raised by Wells Fargo & Company from $170.20 to $188.01. They now have an “equal weight” rating on the stock.
Southern Copper Price Performance
Shares of Southern Copper stock traded up $3.19 during trading hours on Wednesday, reaching $176.68. 950,730 shares of the company’s stock were exchanged, compared to its average volume of 1,516,910. The business has a fifty day moving average of $197.31 and a two-hundred day moving average of $185.56. The company has a market capitalization of $147.41 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.66 and a beta of 1.15. The company has a quick ratio of 4.56, a current ratio of 4.31 and a debt-to-equity ratio of 0.59. Southern Copper Corporation has a 1 year low of $119.25 and a 1 year high of $223.88.
Southern Copper (NYSE:SCCO – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The basic materials company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.12. Southern Copper had a net margin of 37.16% and a return on equity of 51.61%. The firm had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same period last year, the firm posted $1.34 earnings per share. As a group, research analysts predict that Southern Copper Corporation will post 8.03 earnings per share for the current fiscal year.
Southern Copper Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 3rd will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, November 3rd. This represents a $5.20 annualized dividend and a dividend yield of 2.9%. This is an increase from Southern Copper’s previous quarterly dividend of $1.10. Southern Copper’s payout ratio is presently 57.59%.
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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