A number of firms have modified their ratings and price targets on shares of Southern Copper (NYSE: SCCO) recently:
- 5/1/2026 – Southern Copper was given a new $171.00 price target by Wells Fargo & Company. They now have an “equal weight” rating on the stock.
- 4/23/2026 – Southern Copper had its “underperform” rating reaffirmed by Scotiabank. They now have a $133.00 price target on the stock, up from $125.00.
- 4/23/2026 – Southern Copper had its price target raised by Scotiabank from $125.00 to $133.00. They now have a “sector underperform” rating on the stock.
- 4/15/2026 – Southern Copper was given a new $186.00 price target by Wells Fargo & Company. They now have an “equal weight” rating on the stock.
- 4/10/2026 – Southern Copper had its price target raised by JPMorgan Chase & Co. from $117.50 to $127.00. They now have an “underweight” rating on the stock.
- 4/10/2026 – Southern Copper was upgraded by The Goldman Sachs Group, Inc. from “sell” to “neutral”. They now have a $178.00 price target on the stock.
- 4/9/2026 – Southern Copper had its price target raised by Morgan Stanley from $155.00 to $160.00. They now have an “underweight” rating on the stock.
- 3/27/2026 – Southern Copper had its “buy (b)” rating reaffirmed by Weiss Ratings.
- 3/27/2026 – Southern Copper had its price target lowered by UBS Group AG from $150.00 to $140.00. They now have a “sell” rating on the stock.
- 3/21/2026 – Southern Copper was upgraded by Wall Street Zen from “hold” to “buy”.
Southern Copper Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, May 13th. Southern Copper’s dividend payout ratio is presently 66.12%.
Insider Transactions at Southern Copper
In related news, Director Bonilla Luis Miguel Palomino sold 193 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $174.60, for a total transaction of $33,697.80. Following the completion of the sale, the director directly owned 1,707 shares of the company’s stock, valued at approximately $298,042.20. This represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.07% of the company’s stock.
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.
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