Southern Copper (NYSE:SCCO) Announces Earnings Results, Beats Expectations By $0.06 EPS

Southern Copper (NYSE:SCCO) issued its quarterly earnings results on Tuesday. The basic materials company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06, Briefing.com reports. 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 45.63% and a net margin of 34.13%.Southern Copper’s revenue was up 40.6% on a year-over-year basis.

Southern Copper Trading Down 4.3%

NYSE:SCCO traded down $8.39 during mid-day trading on Thursday, reaching $187.09. The company’s stock had a trading volume of 608,836 shares, compared to its average volume of 1,717,877. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.38 and a quick ratio of 3.89. The stock has a market cap of $154.55 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.61 and a beta of 1.11. The company’s fifty day simple moving average is $180.83 and its two-hundred day simple moving average is $183.17. Southern Copper has a twelve month low of $88.73 and a twelve month high of $223.88.

Shares of Southern Copper are going to split on Tuesday, August 11th. The 1.012-1 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Monday, August 10th.

Southern Copper Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th will be given a $1.10 dividend. 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 dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 11th. Southern Copper’s dividend payout ratio (DPR) is presently 66.12%.

Key Southern Copper News

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

• Positive Sentiment: Southern Copper reported quarterly EPS of $2.01, beating analyst estimates, and revenue grew 40.6% year over year, reinforcing expectations for strong operating performance. Southern Copper earnings transcript
• Positive Sentiment: Copper prices firmed, which is typically favorable for SCCO because higher metal prices can boost realized pricing and profitability for a copper producer. Southern Copper in focus as copper prices firm
• Neutral Sentiment: Revenue came in slightly below expectations despite the strong year-over-year growth, so the earnings release was good but not perfect. Southern Copper press release
• Negative Sentiment: Broader copper-market volatility remains a risk, and a sharp pullback in copper futures could pressure SCCO if metal prices weaken further. Copper’s Biggest Intraday Drop in 2026: 5 Stocks Most at Risk Today

Insider Transactions at Southern Copper

In other news, Director Bonilla Luis Miguel Palomino sold 200 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $177.82, for a total value of $35,564.00. Following the completion of the sale, the director owned 1,807 shares of the company’s stock, valued at $321,320.74. This represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 404 shares of company stock valued at $74,108. 0.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Southern Copper

A number of hedge funds have recently added to or reduced their stakes in SCCO. State Street Corp grew its stake in Southern Copper by 2.4% during the 4th quarter. State Street Corp now owns 2,862,244 shares of the basic materials company’s stock worth $410,646,000 after buying an additional 66,268 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Southern Copper by 8.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,181,293 shares of the basic materials company’s stock worth $169,480,000 after purchasing an additional 90,237 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Southern Copper by 1.5% in the third quarter. Legal & General Group Plc now owns 955,924 shares of the basic materials company’s stock valued at $116,012,000 after purchasing an additional 14,212 shares during the period. Northern Trust Corp raised its holdings in shares of Southern Copper by 5.4% during the third quarter. Northern Trust Corp now owns 923,796 shares of the basic materials company’s stock valued at $112,112,000 after buying an additional 47,028 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Southern Copper by 7.1% during the fourth quarter. Schroder Investment Management Group now owns 541,370 shares of the basic materials company’s stock worth $77,670,000 after buying an additional 36,086 shares during the period. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Southern Copper from $127.00 to $131.50 and gave the company an “underweight” rating in a research note on Wednesday, June 17th. UBS Group reiterated a “sell” rating and set a $160.00 price target (up from $145.00) on shares of Southern Copper in a research report on Tuesday, June 30th. Weiss Ratings lowered Southern Copper from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, July 8th. Wall Street Zen raised shares of Southern Copper from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Barclays set a $166.00 target price on shares of Southern Copper and gave the company an “underweight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Southern Copper presently has an average rating of “Reduce” and a consensus target price of $148.60.

About Southern Copper

Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities.

Southern Copper’s operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.