Wells Fargo raises target for Southern Copper stock to USD 190

Southern Copper (ISIN US84265V1052) was trading at EUR 178.15 at Lang & Schwarz on October 7, 2026 at 2:32 p.m. CEST, down 1.95 percent from the EUR 181.70 prior close. The latest analyst action points higher in absolute terms but remains cautious in rating: MarketBeat reported on October 6, 2026 that Wells Fargo raised its Southern Copper price target from USD 172.00 to USD 190.00 while maintaining an Equal Weight rating.

Target rises, rating stays cautious

The new target is still below the prior US market quotation cited by MarketBeat, showing that the increase was not a broad bullish call. The same report said the target implied 7.18 percent downside from the prior close and described the wider analyst view as Reduce, with an average target of USD 148.20.

That gap matters for the stock because the Wells Fargo target and the Lang & Schwarz quote use different currencies and venues. The USD target is analyst context, while the euro quote is the reference price for German investors in this article.

Second-quarter figures set the baseline

Southern Copper reported USD 4.29 billion of revenue in the second quarter of 2026, according to MarketBeat. Revenue increased 40.60 percent year over year, but the result was below the USD 4.37 billion consensus estimate.

Quarterly earnings per share came to USD 1.99, ahead of the USD 1.93 consensus by USD 0.06, while the company posted a 35.87 percent net margin for that period. The combination gives investors two different signals: operating growth was substantial, but the revenue comparison with expectations was softer than the earnings comparison.

Stock remains below its yearly peak

Southern Copper's primary listing is the NYSE under ticker SCCO, and its business spans copper mining, processing, smelting and refining in Mexico and Peru. StockAnalysis identifies the company as a Materials-sector copper producer with USD reporting currency.

The finance quote shows a market capitalization of USD 170.4 billion as of October 6, 2026, and a 52-week range of USD 115.74 to USD 221.24. The euro reference price therefore sits below the corresponding yearly high in the primary-market context, while the latest Wells Fargo target remains a separate valuation benchmark.

Euro quote sets the trading reference

Southern Copper was trading at EUR 178.15 at Lang & Schwarz on October 7, 2026 at 2:32 p.m. CEST, down 1.95 percent versus the Lang & Schwarz prior close of EUR 181.70 on October 6, 2026. The current quotation remains an intraday indication rather than an official close.

The further course of trading is shown by the continuously updated real-time quote of Southern Copper stock.

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