Southern Copper (NYSE:SCCO) Shares Gap Down – Here’s Why

Posted by Brian Himes on Sep 10th, 2026

Shares of Southern Copper Corporation (NYSE:SCCO – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $209.26, but opened at $196.83. Southern Copper shares last traded at $194.7930, with a volume of 389,602 shares trading hands.

Key Stories Impacting Southern Copper

Here are the key news stories impacting Southern Copper this week:

Positive Sentiment: Longer term, Southern Copper remains positioned to benefit from structural copper demand. AI data centers, power-grid upgrades and renewable-energy projects are increasing copper consumption while global mine output and concentrate production are declining. Southern Copper’s low-cost operations, 49.04% return on equity and approximately 2.1% dividend yield provide additional support. U.S.-Listed Copper Mining Stocks Fall as Copper Retreats From Record High
Positive Sentiment: The company’s latest quarterly results showed strong year-over-year momentum: earnings of $1.99 per share exceeded estimates of $1.93, while revenue rose 40.6% to $4.29 billion. These fundamentals could help SCCO benefit if elevated copper prices persist.
Neutral Sentiment: Director Luis Palomino Bonilla sold 100 shares for $21,000 at an average price of $210, reducing his holdings by 6.24%. The relatively small transaction is a modest sentiment signal, but it follows several prior sales and may attract investor attention. Insider Selling: Southern Copper Director Sells Stock
Negative Sentiment: Copper-mining stocks, including SCCO, Freeport-McMoRan and Teck Resources, are declining as reports cast doubt on the timing or viability of U.S. refined-copper tariffs. The reversal has weakened the scarcity trade and prompted investors to take profits after copper reached record levels. Copper Stocks Tumble as Tariff Doubt Reverses Record Rally
Negative Sentiment: Investor concerns are amplified by SCCO’s elevated valuation. Analysts’ consensus rating remains “Reduce,” with an average price target of $146.84, well below recent trading levels, leaving the stock vulnerable to further commodity-price volatility.

Wall Street Analyst Weigh In

SCCO has been the subject of several recent analyst reports. Weiss Ratings upgraded Southern Copper from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Scotiabank reaffirmed an “underperform” rating and issued a $138.34 target price (up from $133.40) on shares of Southern Copper in a report on Monday, June 15th. Morgan Stanley increased their target price on shares of Southern Copper from $144.27 to $156.13 and gave the stock an “underweight” rating in a research report on Wednesday, July 8th. Wall Street Zen downgraded shares of Southern Copper from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Barclays set a $164.03 price target on shares of Southern Copper and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Southern Copper currently has an average rating of “Reduce” and a consensus target price of $146.84.

View Our Latest Report on SCCO

Southern Copper Trading Down 7.0%

The company has a quick ratio of 4.56, a current ratio of 5.06 and a debt-to-equity ratio of 0.63. The company has a market cap of $162.40 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.92 and a beta of 1.14. The business has a 50-day moving average price of $189.67 and a two-hundred day moving average price of $184.30.

Southern Copper (NYSE:SCCO – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.06. The firm had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.37 billion. Southern Copper had a return on equity of 49.04% and a net margin of 35.87%.Southern Copper’s revenue was up 40.6% on a year-over-year basis. On average, analysts predict that Southern Copper Corporation will post 7.59 EPS for the current year.

Southern Copper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This is a boost from Southern Copper’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 2.3%. Southern Copper’s payout ratio is 64.33%.

Insider Buying and Selling

In other Southern Copper news, Director Luis Palomino Bonilla sold 202 shares of Southern Copper stock in a transaction 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 completion of the sale, the director owned 1,723 shares of the company’s stock, valued at approximately $339,066.65. The trade was a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 604 shares of company stock worth $118,077. 0.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SCCO. California State Teachers Retirement System boosted its position in shares of Southern Copper by 8,035.9% during the second quarter. California State Teachers Retirement System now owns 20,545,080 shares of the basic materials company’s stock worth $3,580,186,000 after purchasing an additional 20,292,556 shares in the last quarter. BlackRock Inc. acquired a new stake in Southern Copper during the 2nd quarter worth $1,729,500,000. Bank of America Corp DE acquired a new stake in Southern Copper during the 2nd quarter worth $318,448,000. Legal & General Group Plc bought a new position in Southern Copper during the second quarter worth about $149,739,000. Finally, Norges Bank acquired a new position in Southern Copper in the fourth quarter valued at about $97,645,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

Southern Copper Company Profile

(Get Free Report)

Southern Copper Corporation (NYSE: SCCO) is an integrated copper producer engaged in the exploration, mining, processing, smelting and refining of minerals. The company produces copper in the form of cathodes, concentrates and anodes, along with byproducts including molybdenum, zinc, silver, lead and sulfuric acid.

Southern Copper operates mining and processing facilities in Mexico and Peru. Its principal Mexican operations include the Buenavista del Cobre and La Caridad mining complexes, while its Peruvian operations include the Toquepala and Cuajone mines and the Ilo smelter and refinery.