Southern Copper (SCCO)
Mines, smelts and refines copper across integrated Peruvian and Mexican operations.
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Produces copper with molybdenum, silver and zinc by-products through integrated mining, smelting and refining systems in Peru and Mexico. Operations span Peruvian mines, Mexican open pits and Mexican underground assets, while execution depends on permits, water and environmental management, labor continuity, host communities and concentrated Grupo México control.
Runs integrated copper mining, smelting and refining systems in Peru and Mexico. Peruvian operations center on Toquepala and Cuajone with rail and port infrastructure, while Mexican open-pit operations include Buenavista and La Caridad-Pilares. IMMSA covers Mexican underground mines and processing facilities.
Produces copper as the primary output, alongside molybdenum, silver and zinc by-products. Brownfield expansion has enlarged established districts, and the development pipeline includes projects such as Tía María and Michiquillay.
Execution depends on permits, water and environmental management, labor continuity, and durable relationships with governments and host communities. Production remains concentrated in Peru and Mexico, and Grupo México controls the issuer through Americas Mining Corporation.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 26, 2026 | CICC | Downgrade | Rating: — | |
| Jul 23, 2026 | Barclays | Reiterate | Rating: —Target: $160 | Target: $166 |
| Jul 15, 2026 | Barclays | Reiterate | Rating: —Target: $148 | Target: $160 |
| Jul 9, 2026 | Wells Fargo | Reiterate | Rating: —Target: $171 | Target: $172 |
| Jul 8, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $160 | Target: $158 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.33B · Total debt $8.53B · Total assets $24.13B · Shareholders' equity $12.63B
- Revenue
- $4.29B
- Operating income
- $2.62B
- Net income
- $1.67B
HistoryDividendAnnual yield
| Institutions | 9.24% | 77.13M shares | |
|---|---|---|---|
| 901 holders · as of Jun 30, 2026 | |||
| Insiders | 0.06% | 460.4K shares | |
| 8 holders · as of Sep 10, 2026 | |||
| Other | 90.70% | 756.75M shares | |
| remainder | |||
834.33M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 1.19% | 9.92M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 0.93% | 7.76M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 0.38% | 3.14M | as of Jun 30, 2026 |
State Street CorpInstitution | 0.36% | 3.03M | as of Jun 30, 2026 |
Fisher Asset Management, LLCInstitution | 0.33% | 2.79M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 8, 2026 | Bonilla Luis Miguel Palomino | director | −100 | $210.00 |
| Sep 4, 2026 | Bonilla Luis Miguel Palomino | director | −100 | $200.00 |
| Aug 31, 2026 | Bonilla Luis Miguel Palomino | director | −400 | $217.50 |
| Aug 4, 2026 | Bonilla Luis Miguel Palomino | director | −100 | $195.00 |
| Aug 5, 2026 | Bonilla Luis Miguel Palomino | director | −200 | $199.15 |
- Freeport-McMoRan
Closest large-scale rival in integrated copper and molybdenum.
- BHP (ADR)
Global copper-scale rival with major Chilean and Peruvian exposure.
- Rio Tinto (ADR)
Diversified miner expanding major copper mines and processing capacity.
- Teck
Americas copper-and-zinc peer with direct Andean overlap.
- Hudbay Minerals
Copper-focused Americas peer with an operating mine in Peru.
- Vale (ADR)
Diversified miner growing copper output from Brazil and Canada.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Southern Copper | $199.50 | −3.22% | $171.99B | 30.2 | 27.6 | 10.9 | +40.6% |
| Freeport-McMoRan | $72.21 | −2.88% | $106.88B | 36.4 | 20.2 | 4.1 | −7.3% |
| BHP (ADR) | $85.48 | −2.68% | $223.12B | 22.6 | — | 3.8 | +19.9% |
| Rio Tinto (ADR) | $95.49 | −2.05% | $158.42B | 13.2 | — | 2.6 | +57.4% |
| Teck | $66.41 | −3.59% | $33.27B | 19.1 | 20.8 | 3.4 | +70.8% |
| Hudbay Minerals | $26.55 | −4.29% | $12.32B | 16.4 | 14.8 | 5.0 | +17.7% |
| Vale (ADR) | $14.03 | −1.16% | $60.51B | 29.6 | 7.7 | 1.5 | +19.2% |
| Median | 20.9 | 17.5 | 3.6 | +19.6% |