MarketBeat rates Southern Copper stock Reduce as target trails price
Published on 10/02/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Southern Copper (ISIN US84265V1052) was trading at EUR 178.70 at Lang & Schwarz on October 2, 2026 at 1:04 p.m. CEST, up 0.82 percent versus EUR 177.25. On September 15, 2026, MarketBeat reported that 15 analysts gave Southern Copper a consensus Reduce rating and an average 12-month target of USD 146.84. The market price and analyst target now point in opposite directions.
Targets trail the reported price
The MarketBeat breakdown included seven sell ratings, five holds and three buys, giving the negative consensus a clear numerical edge. Its reported comparison used a Southern Copper price of USD 188.30 against the USD 146.84 average target, while the current German quote is a separate EUR reference and cannot be netted against the US dollar figures.
The same MarketBeat report said Southern Copper posted quarterly earnings per share of USD 1.99 in the second quarter of 2026, versus a USD 1.93 consensus estimate. Revenue reached USD 4.29 billion, up 40.6 percent from the same quarter of 2025, but below the USD 4.37 billion estimate.
Profit growth strengthens the case
The company delivered a powerful second-quarter operating comparison. In the earnings call transcript published by Yahoo Finance, management reported USD 4.3 billion in sales for the second quarter of 2026, USD 1.2 billion above the second quarter of 2025. Net income reached USD 1.67 billion, up 72 percent from USD 973 million, while the net margin rose to 39 percent from 32 percent.
Adjusted EBITDA also reached USD 2.956 billion in the second quarter of 2026, up 60 percent from USD 1.791 billion a year earlier, according to Yahoo Finance. That margin expansion gives the operating story more weight than the cautious analyst consensus, although production trends remain an important test.
Production guidance moves higher
Southern Copper expects to produce 917,000 tons of copper in 2026, compared with its initial plan for 910,000 tons, the company said in the earnings call carried by Yahoo Finance. Second-quarter copper production nevertheless fell 3.5 percent year over year to 230,662 tons, with Peru output down 12 percent because of lower ore grades and recoveries.
The company also linked its longer-term expansion to Tia Maria, which management expects to support production growth from the second half of 2027. The transcript said the project had reached 42 percent completion at the end of June 2026, while illegal mining activity continued to hinder progress at Los Chancas.
Southern Copper stock holds above prior close
At Lang & Schwarz, Southern Copper stock was trading at EUR 178.70 on October 2, 2026 at 1:04 p.m. CEST, plus 0.82 percent versus the prior close of EUR 177.25. The finance quote showed a USD 166.2 billion market capitalization as of October 1, 2026 and a USD 115.74 to USD 221.24 52-week range on the NYSE reference.
The further course of trading is shown by the continuously updated real-time quote of Southern Copper stock.
Southern Copper stock facts
- Company: Southern Copper Corporation
- ISIN: US84265V1052
- Ticker: SCCO
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 2, 2026, 1:04 p.m. CEST): EUR 178.70
- Change versus prior close: plus 0.82 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 177.25
- Market capitalization: USD 166.2 billion (as of October 1, 2026)
- 52-week range: USD 115.74-USD 221.24 (as of October 1, 2026)
- Sector / Industry: Materials / Copper mining
