--- title: "Weekly Recap | Southern Copper +1.79%, consensus target below spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/301471807.md" description: "Southern Copper (SCCO) gained 1.79% over the week to close at $209.21, outpacing the S&P 500 by about 0.64 percentage points (the index rose 1.15%). The weekly range was 6.69%, with a high of $210.38 and a low of $196.56. The week started off choppy: from Monday (Oct 5) through Thursday (Oct 8), the stock traded between $196.56 and $207.63, closing at $198.66 on Thursday, the week’s low. On Friday (Oct 9), it rallied sharply from around $203.37 to $210.38, closing at $209.21." datetime: "2026-10-10T07:40:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301471807.md) - [en](https://longbridge.com/en/news/301471807.md) - [zh-HK](https://longbridge.com/zh-HK/news/301471807.md) generator: "portal-rs" --- # Weekly Recap | Southern Copper +1.79%, consensus target below spot ## The Week Southern Copper (SCCO) gained 1.79% over the week to close at $209.21, outpacing the S&P 500 by about 0.64 percentage points (the index rose 1.15%). The weekly range was 6.69%, with a high of $210.38 and a low of $196.56. The week started off choppy: from Monday (Oct 5) through Thursday (Oct 8), the stock traded between $196.56 and $207.63, closing at $198.66 on Thursday, the week’s low. On Friday (Oct 9), it rallied sharply from around $203.37 to $210.38, closing at $209.21. ## Key Events This week’s news flow centred on copper prices and AI-driven demand. On Tuesday (Oct 6), several reports highlighted how AI data-centre construction is pushing up copper demand, putting Southern Copper in focus as a copper miner. On Thursday (Oct 8), an article compared Southern Copper with Freeport-McMoRan, asking which stock offers more upside in a copper boom. On Friday (Oct 9) before the open, Southern Copper jumped 3.29%, with reports saying firm copper prices and rising demand had overridden a rating downgrade; the stock closed the day up 3.75%. The correlation between price action and copper moves was visible throughout the week. ## Analyst Ratings Among 18 institutions covering Southern Copper, 1 rates it buy, 6 rate it hold, 6 rate it under, and 5 rate it sell. The consensus rating is sell, with a consensus target price of $175.30, roughly 16.2% below the current price. The target range is wide, from $275.00 at the high end to $138.34 at the low end, suggesting a fair amount of disagreement on valuation. Within the copper industry’s 6 comparable companies, Southern Copper ranks third. ## The Week Ahead The focus next week is on US macro data and its link to copper prices. On Tuesday (Oct 13), the NFIB Small Business Optimism Index (prior 98.7) and existing home sales annualised (prior 3.98, forecast 3.96) are due. On Wednesday (Oct 14), several CPI prints arrive, including core CPI with a prior of 2.4 and a forecast of 2.5, and headline CPI with a prior of 3.4 and a forecast of 3.7. Inflation data could shift rate expectations, which in turn may feed into sentiment for copper-sensitive sectors. ## In Short Southern Copper’s share price moved higher this week in step with firmer copper prices and AI infrastructure demand. The analyst view, however, is more cautious: the consensus rating is sell and the consensus target sits about 16.2% below spot, creating a tension with the week’s price action. Valuation stands at roughly 31.2x P/E and 13.98x P/B. The key question ahead is whether copper can hold these levels, and how next week’s CPI data reshapes rate expectations and copper-demand assumptions. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [SCCO.US](https://longbridge.com/en/quote/SCCO.US.md) ## Related News & Research - [Southern Copper Corporation $SCCO Shares Newly Acquired by Royal Palms Capital LLC](https://longbridge.com/en/news/303063539.md) - [Southern Copper Corporation $SCCO Stock Purchased by RWC Asset Advisors US LLC](https://longbridge.com/en/news/302967100.md) - [AEHR: Record $33.0m quarter; FY27 revenue outlook raised to $150m on strong AI demand](https://longbridge.com/en/news/304010185.md) - [Can SpaceX Overcome the AI Trade Sell-Off?](https://longbridge.com/en/news/303907541.md) - [LITE: Marvell pairs silicon and photonics for AI optics, targeting over $1B in run-rate synergies](https://longbridge.com/en/news/303983205.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**