Southern Copper (NYSE:SCCO) Releases Earnings Results

Southern Copper (NYSE:SCCO) announced its quarterly earnings data on Wednesday. The basic materials company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.13, FiscalAI reports. The company had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.49 billion. Southern Copper had a return on equity of 49.04% and a net margin of 35.87%.

Southern Copper Price Performance

Shares of SCCO stock opened at $197.74 on Thursday. Southern Copper has a 1 year low of $119.25 and a 1 year high of $223.88. The company has a current ratio of 5.06, a quick ratio of 4.56 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $201.58 and its 200-day moving average is $188.11. The firm has a market capitalization of $164.98 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.78 and a beta of 1.11.

Southern Copper shares are going to split before the market opens on Tuesday, November 3rd. The 1.0106-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Monday, November 2nd.

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 3rd will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, November 3rd. This is a positive change from Southern Copper’s previous quarterly dividend of $1.10. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.6%. Southern Copper’s dividend payout ratio (DPR) is currently 64.33%.

Key Southern Copper News

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

• Positive Sentiment: Record quarterly performance: Southern Copper reported third-quarter revenue of $4.70 billion, up 39.1% year over year, while net income rose 62.7% to $1.80 billion. EPS of $2.15 exceeded consensus estimates near $2.02, and operating cash flow increased 42.6% to $2.22 billion. Southern Copper Posts Record $4.7 Billion Third-Quarter Sales
• Positive Sentiment: Shareholder returns: The board authorized a $1.30-per-share cash dividend and a 0.0106-share-per-share stock dividend, payable November 19. The stock dividend is scheduled to be distributed after the November 2 market close. Southern Copper beats Q3 2026 estimates with record sales and a $1.30 dividend
• Positive Sentiment: Copper-market leverage: Higher metal prices continue to boost profitability, and Southern Copper is targeting annual copper output of one million tonnes, supporting the longer-term growth outlook. Southern Copper sets its sights on one million tonnes of annual output
• Neutral Sentiment: Institutional positioning is mixed: Recent filings showed substantial additions by JPMorgan, Norges Bank and Bank of America, but other large investors, including Capital World Investors and Acadian Asset Management, reduced their holdings.
• Negative Sentiment: Valuation and execution concerns: Bank of America maintained a Sell rating with a $203 price target, citing Southern Copper’s elevated valuation and delays affecting growth projects. The stock’s valuation leaves less room for disappointment. Southern Copper: Record 3Q26 Results but Rich Valuation and Project Delays Drive Sell Rating
• Negative Sentiment: Production slipped: Copper output declined 1.1% year over year to 232,396 tonnes, limiting the benefit of stronger prices. Reported insider activity also consisted entirely of sales during the past six months, which may weigh on sentiment.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SCCO shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $170.00 target price on shares of Southern Copper in a research report on Wednesday, October 7th. Barclays restated an “underweight” rating and issued a $168.00 price objective (up from $166.00) on shares of Southern Copper in a research note on Monday. Wells Fargo & Company raised their price objective on shares of Southern Copper from $172.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 6th. Zacks Research downgraded shares of Southern Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, CICC Research lowered shares of Southern Copper to a “market perform” rating in a research report on Sunday, July 26th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, Southern Copper presently has a consensus rating of “Reduce” and an average price target of $160.95.

Insider Buying and Selling at Southern Copper

In related news, Director Luis Palomino Bonilla sold 202 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $196.79, for a total value of $39,751.28. Following the completion of the transaction, the director owned 1,723 shares in the company, valued at $339,066.65. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 704 shares of company stock valued at $138,077 over the last three months. Company insiders own 0.07% of the company’s stock.

Southern Copper Company Profile

Southern Copper Corporation (NYSE:SCCO) is a mining and metals company engaged primarily in the exploration, development, extraction, processing and production of copper. The company also produces molybdenum, zinc, silver and lead, along with related byproducts. Its operations include open-pit mines, underground mines, concentrators, smelters, refineries and other processing facilities.

Southern Copper operates mainly in Peru and Mexico. Its Peruvian assets include the Toquepala and Cuajone copper mines, while its Mexican operations include the Buenavista del Cobre and La Caridad mines, as well as associated processing and infrastructure facilities.