Southern Copper Corporation (NYSE:SCCO) Receives Average Recommendation of “Reduce” from Brokerages

Posted by Brian Himes on Sep 15th, 2026

Southern Copper Corporation (NYSE:SCCO – Get Free Report) has earned an average recommendation of “Reduce” from the fifteen ratings firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $146.8402.

SCCO has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Southern Copper from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley raised 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. Barclays set a $164.03 price target on shares of Southern Copper and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Citigroup reiterated a “positive” rating on shares of Southern Copper in a report on Wednesday, July 15th. Finally, CICC Research cut Southern Copper to a “market perform” rating in a research note on Sunday, July 26th.

View Our Latest Report on Southern Copper

Southern Copper Stock Down 2.7%

NYSE:SCCO opened at $188.30 on Tuesday. Southern Copper has a twelve month low of $105.10 and a twelve month high of $223.88. The company has a market cap of $157.10 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. The stock has a fifty day simple moving average of $190.95 and a 200-day simple moving average of $184.04. The company has a current ratio of 5.06, a quick ratio of 4.56 and a debt-to-equity ratio of 0.63.

Southern Copper (NYSE:SCCO – Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $4.37 billion. Southern Copper had a net margin of 35.87% and a return on equity of 49.04%. The firm’s revenue was up 40.6% on a year-over-year basis. Analysts anticipate that Southern Copper will post 7.83 EPS for the current year.

Southern Copper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th were issued a $1.10 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. This is a positive change from Southern Copper’s previous quarterly dividend of $1.00. Southern Copper’s dividend payout ratio (DPR) is currently 64.33%.

Insider Activity

In other news, Director Luis Palomino Bonilla sold 202 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $196.79, for a total transaction of $39,751.28. Following the transaction, the director owned 1,723 shares in the company, valued at approximately $339,066.65. This trade represents a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 604 shares of company stock worth $118,077. 0.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Southern Copper

A number of hedge funds have recently added to or reduced their stakes in SCCO. California State Teachers Retirement System raised its holdings in shares of Southern Copper by 8,035.9% in the 2nd quarter. California State Teachers Retirement System now owns 20,545,080 shares of the basic materials company’s stock valued at $3,580,186,000 after purchasing an additional 20,292,556 shares in the last quarter. BlackRock Inc. bought a new position in shares of Southern Copper during the second quarter valued at approximately $1,729,500,000. Fisher Asset Management LLC increased its holdings in Southern Copper by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 2,536,228 shares of the basic materials company’s stock valued at $363,873,000 after buying an additional 7,194 shares during the period. Bank of America Corp DE purchased a new position in Southern Copper during the second quarter valued at approximately $318,448,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Southern Copper by 2.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,290,648 shares of the basic materials company’s stock worth $224,908,000 after buying an additional 27,744 shares in the last quarter. 7.94% of the stock is owned by hedge funds and other institutional investors.

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.