Southern Copper (NYSE:SCCO) Stock Lifted to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Southern Copper (NYSE:SCCO) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

Several other research firms have also recently issued reports on SCCO. Barclays set a $164.03 price target on shares of Southern Copper and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Southern Copper from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. Scotiabank reissued an “underperform” rating and set a $138.34 price objective (up from $133.40) on shares of Southern Copper in a research note on Monday, June 15th. Zacks Research lowered shares of Southern Copper from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Southern Copper from $125.49 to $129.94 and gave the stock an “underweight” rating in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $156.02.

Southern Copper Stock Performance

NYSE SCCO opened at $209.07 on Friday. The company has a quick ratio of 4.56, a current ratio of 5.06 and a debt-to-equity ratio of 0.63. Southern Copper has a fifty-two week low of $119.25 and a fifty-two week high of $223.88. The business has a fifty day moving average of $200.13 and a 200-day moving average of $185.79. The stock has a market cap of $174.44 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.06. The business had revenue of $4.29 billion for 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%. The company’s revenue was up 40.6% on a year-over-year basis. As a group, analysts predict that Southern Copper will post 7.94 earnings per share for the current fiscal year.

Southern Copper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Tuesday, August 11th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This is an increase 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 2.1%. Southern Copper’s dividend payout ratio is presently 64.33%.

Insiders Place Their Bets

In related news, Director Luis Palomino Bonilla sold 202 shares of the firm’s 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 directly owned 1,723 shares of the company’s stock, valued at approximately $339,066.65. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 704 shares of company stock worth $138,077. 0.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Southern Copper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GK Wealth Management LLC acquired a new stake in shares of Southern Copper during the third quarter valued at about $86,000. Wedmont Private Capital lifted its stake in shares of Southern Copper by 11.0% in the third quarter. Wedmont Private Capital now owns 3,685 shares of the basic materials company’s stock worth $732,000 after acquiring an additional 365 shares in the last quarter. Chapin Davis Inc. lifted its stake in shares of Southern Copper by 6.3% in the third quarter. Chapin Davis Inc. now owns 4,006 shares of the basic materials company’s stock worth $812,000 after acquiring an additional 237 shares in the last quarter. Monument Capital Management boosted its holdings in Southern Copper by 20.2% in the third quarter. Monument Capital Management now owns 2,897 shares of the basic materials company’s stock valued at $587,000 after purchasing an additional 486 shares during the last quarter. Finally, Emergent Wealth Advisors LLC boosted its holdings in Southern Copper by 1.2% in the third quarter. Emergent Wealth Advisors LLC now owns 5,428 shares of the basic materials company’s stock valued at $1,100,000 after purchasing an additional 62 shares during the last quarter. 7.94% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Southern Copper

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

• Positive Sentiment: Higher copper prices boosted the stock. Benchmark copper advanced amid expectations for post-holiday restocking in China, low visible inventories and potential supply disruptions at a major Chilean mine. The move strengthened the case for Southern Copper as a liquid way to gain exposure to copper. Southern Copper Jumps as Copper Rally Lifts Miner Shares
• Positive Sentiment: Wall Street Zen upgraded SCCO to “Buy.” The upgrade adds to the bullish narrative around the company’s copper exposure, operating momentum and growth prospects. Southern Copper Raised to Buy at Wall Street Zen
• Positive Sentiment: Growth factors remain supportive. Recent results showed record second-quarter 2026 net sales and substantially stronger realized metal prices, while the company’s project pipeline could expand longer-term production. Zacks also highlighted SCCO as a strong growth stock. Why Southern Copper Is a Strong Growth Stock
• Neutral Sentiment: UBS raised its price target to $180, signaling improved expectations, but the target remains below SCCO’s recent market price. Institutional positioning was mixed, with 430 investors adding shares and 394 reducing positions. UBS Raises Target for Southern Copper
• Negative Sentiment: Valuation is the main risk. One analysis estimates SCCO could be about 22% overvalued because investors have already priced in its project pipeline. The median recent analyst target of $153 is also well below the current trading range, suggesting expectations for copper and future growth are demanding. Southern Copper Could Be 22% Overvalued

Southern Copper Company Profile

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.