Southern Copper (NYSE:SCCO) Stock Rating Upgraded by Wall Street Zen

Posted by Geri Gentry on Oct 12th, 2026

Southern Copper (NYSE:SCCO – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

SCCO has been the topic of a number of other reports. JPMorgan Chase & Co. raised their target price on Southern Copper from $125.49 to $129.94 and gave the company an “underweight” rating in a research note on Wednesday, June 17th. Barclays set a $164.03 price target on shares of Southern Copper and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. UBS Group restated a “sell” rating and set a $180.00 price target (up from $160.00) on shares of Southern Copper in a research report on Thursday. Scotiabank reaffirmed an “underperform” rating and issued a $138.34 price objective (up from $133.40) on shares of Southern Copper in a report on Monday, June 15th. Finally, CICC Research downgraded shares of Southern Copper to a “market perform” rating in a research report on Sunday, July 26th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $156.02.

Check Out Our Latest Research Report on SCCO

Southern Copper Stock Down 0.1%

Shares of Southern Copper stock opened at $209.07 on Friday. The stock has a market capitalization of $174.44 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.84 and a beta of 1.11. Southern Copper has a twelve month low of $119.25 and a twelve month high of $223.88. The company has a current ratio of 5.06, a quick ratio of 4.56 and a debt-to-equity ratio of 0.63. The business’s 50 day simple moving average is $200.13 and its 200-day simple moving average is $185.98.

Southern Copper (NYSE:SCCO – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.06. The business had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.37 billion. Southern Copper had a return on equity of 49.04% and a net margin of 35.87%. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities research analysts forecast that Southern Copper will post 7.94 earnings per share for the current year.

Insider Transactions at Southern Copper

In related news, Director Luis Palomino Bonilla sold 202 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $196.79, for a total value of $39,751.28. Following the sale, the director directly owned 1,723 shares in the company, valued at $339,066.65. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 704 shares of company stock valued at $138,077. Corporate insiders own 0.07% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Southern Copper in the 2nd quarter worth approximately $1,729,500,000. Bank of America Corp DE bought a new position in shares of Southern Copper in the second quarter valued at approximately $318,448,000. Legal & General Group Plc bought a new position in shares of Southern Copper in the second quarter valued at approximately $149,739,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Southern Copper during the first quarter valued at approximately $85,342,000. Finally, Deutsche Bank AG acquired a new position in shares of Southern Copper during the second quarter valued at approximately $85,770,000. Institutional investors and hedge funds own 7.94% of the company’s stock.

About Southern Copper

(Get Free Report)

Southern Copper Corp. is an integrated copper producer engaged in the exploration, mining, processing, smelting and refining of copper and other minerals. Its principal products include copper cathodes, copper concentrates, molybdenum, zinc, silver and lead. The company also produces sulfuric acid and other byproducts through its metallurgical operations.

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