--- title: "Southern Copper (NYSE:SCCO) Shares Up 8.3% - Still a Buy?" type: "News" locale: "en" url: "https://longbridge.com/en/news/296638179.md" description: "Southern Copper (SCCO) shares rose 8.3% to $215.17, with mixed analyst ratings ranging from 'Buy' to 'Sell'. The company reported strong Q2 earnings, beating EPS estimates and posting a 40.6% revenue increase. Additionally, Southern Copper increased its quarterly dividend to $1.10 per share. Recent insider activity included a small sale by Director Bonilla, while major institutions like BlackRock and BNY Mellon increased their holdings." datetime: "2026-08-21T16:20:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296638179.md) - [en](https://longbridge.com/en/news/296638179.md) - [zh-HK](https://longbridge.com/zh-HK/news/296638179.md) generator: "portal-rs" --- # Southern Copper (NYSE:SCCO) Shares Up 8.3% - Still a Buy? Southern Copper Corporation (NYSE:SCCO - Get Free Report)'s stock price rose 8.3% on Friday . The stock traded as high as $215.25 and last traded at $215.17. 247,466 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,635,531 shares. The stock had previously closed at $198.73. Get **Southern Copper** alerts: ## Analysts Set New Price Targets - 3 Multi-Metal Stocks for Income and Long-Term Growth Several equities analysts have recently issued reports on the company. Citigroup restated a "positive" rating on shares of Southern Copper in a research report on Wednesday, July 15th. 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. UBS Group restated a "sell" rating and set a $158.10 price objective (up from $143.28) on shares of Southern Copper in a report on Tuesday, June 30th. Wells Fargo & Company increased their target price on shares of Southern Copper from $168.97 to $169.96 and gave the stock an "equal weight" rating in a report on Thursday, July 9th. Finally, Weiss Ratings raised shares of Southern Copper from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $146.84. **View Our Latest Stock Report on Southern Copper** ## Southern Copper Price Performance - Copper Cools After Record January—But This ETF Is a Buy-the-Dip Opportunity 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 company has a 50 day simple moving average of $181.66 and a 200 day simple moving average of $182.97. The stock has a market cap of $174.88 billion, a P/E ratio of 30.64, a PEG ratio of 1.67 and a beta of 1.11. Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.06. Southern Copper had a net margin of 35.87% and a return on equity of 49.04%. The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.37 billion. Southern Copper's quarterly revenue was up 40.6% on a year-over-year basis. Sell-side analysts forecast that Southern Copper Corporation will post 7.61 earnings per share for the current fiscal year. ## Southern Copper Increases Dividend - The Copper Barbell: How to Profit From the Shortage—and Avoid the Dilution Trap The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, August 11th. This is a positive change from Southern Copper's previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 2.1%. Southern Copper's dividend payout ratio is currently 64.33%. ## Insider Buying and Selling In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 202 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was 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 of the company's stock, valued at $339,066.65. This represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 509 shares of company stock worth $97,753 over the last three months. 0.07% of the stock is currently owned by insiders. ## Institutional Investors Weigh In On Southern Copper Several hedge funds and other institutional investors have recently bought and sold shares of SCCO. BlackRock Inc. purchased a new stake in shares of Southern Copper in the second quarter valued at about $1,729,500,000. Bank of New York Mellon Corp purchased a new stake in Southern Copper in the second quarter valued at approximately $696,621,000. State Street Corp boosted its holdings in shares of Southern Copper by 2.4% in the 4th quarter. State Street Corp now owns 2,862,244 shares of the basic materials company's stock worth $410,646,000 after purchasing an additional 66,268 shares in the last quarter. Fisher Asset Management LLC raised its position in Southern Copper by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 2,536,228 shares of the basic materials company's stock worth $363,873,000 after purchasing an additional 7,194 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Southern Copper during the second quarter valued at approximately $318,448,000. 7.94% of the stock is owned by institutional investors. ## Southern Copper Company Profile (Get Free Report) Southern Copper Corporation NYSE: SCCO is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities. Southern Copper's operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities. ## Featured Stories - Five stocks we like better than Southern Copper - Ross Stores Just Flipped the Off-Price Retail Story After TJX's Marmaxx Miss - Advance Auto Parts Plunged, But Its Turnaround Is Still Working - Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates? - Meta Platform's Legal Issues Could Become Much More Than A Q2 Earnings Headache *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Southern Copper Right Now? Before you consider Southern Copper, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Southern Copper wasn't on the list. While Southern Copper currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [SCCO.US](https://longbridge.com/en/quote/SCCO.US.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [BNS.US](https://longbridge.com/en/quote/BNS.US.md) - [UBS.US](https://longbridge.com/en/quote/UBS.US.md) - [WFC.US](https://longbridge.com/en/quote/WFC.US.md) - [STT.US](https://longbridge.com/en/quote/STT.US.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) - [WFC-D.US](https://longbridge.com/en/quote/WFC-D.US.md) - [WFC-L.US](https://longbridge.com/en/quote/WFC-L.US.md) - [WFC-Y.US](https://longbridge.com/en/quote/WFC-Y.US.md) - [WFC-C.US](https://longbridge.com/en/quote/WFC-C.US.md) - [WFC-Z.US](https://longbridge.com/en/quote/WFC-Z.US.md) - [WFC-A.US](https://longbridge.com/en/quote/WFC-A.US.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.US.md) - [SPIN.US](https://longbridge.com/en/quote/SPIN.US.md) ## Related News & Research - [Johnson Financial Group Inc. Invests $1.40 Million in Southern Copper Corporation $SCCO](https://longbridge.com/en/news/296472905.md) - [Oppenheimer Asset Management Inc. Invests $7.82 Million in Southern Copper Corporation $SCCO](https://longbridge.com/en/news/295999193.md) - [Is it Time to Begin Accumulating Natural Gas?](https://longbridge.com/en/news/295953555.md) - [SCS Capital Management LLC Acquires New Holdings in BlackRock $BLK](https://longbridge.com/en/news/296085839.md) - [Meet the Newest Stock in the S&P 500. It Soared 424% Since Its 2024 IPO, and It's a Buy Right Now, According to Wall Street](https://longbridge.com/en/news/296149360.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**