Southern Copper’s (SCCO) “Underweight” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Southern Copper (NYSE:SCCO) in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $117.50 price objective on the basic materials company’s stock, down from their previous price objective of $119.50.

Several other analysts have also weighed in on the company. Zacks Research lowered Southern Copper from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern Copper in a research note on Monday, December 29th. Citigroup reissued a “sell” rating on shares of Southern Copper in a report on Monday, January 12th. HSBC reaffirmed a “hold” rating and set a $118.00 price objective (up from $105.00) on shares of Southern Copper in a report on Friday, October 17th. Finally, Wall Street Zen raised shares of Southern Copper from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, Southern Copper currently has an average rating of “Reduce” and a consensus price target of $129.35.

Southern Copper Stock Performance

NYSE SCCO opened at $184.39 on Friday. The company’s fifty day moving average is $149.40 and its two-hundred day moving average is $125.08. Southern Copper has a 52-week low of $74.84 and a 52-week high of $191.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.52 and a quick ratio of 3.91. The firm has a market capitalization of $149.76 billion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 1.48 and a beta of 1.06.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings data on Friday, October 31st. The basic materials company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Southern Copper had a net margin of 30.98% and a return on equity of 38.74%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.05 billion. Equities research analysts forecast that Southern Copper will post 4.66 EPS for the current year.

Insider Activity

In related news, Director Bonilla Luis Miguel Palomino sold 400 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $139.00, for a total transaction of $55,600.00. Following the completion of the sale, the director owned 1,265 shares in the company, valued at $175,835. This trade represents a 24.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 948 shares of company stock worth $131,130. Company insiders own 0.07% of the company’s stock.

Institutional Trading of Southern Copper

Several large investors have recently added to or reduced their stakes in SCCO. Hopwood Financial Services Inc. acquired a new position in shares of Southern Copper in the 3rd quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. boosted its stake in Southern Copper by 65.1% in the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 213 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 84 shares in the last quarter. Tobam bought a new stake in shares of Southern Copper during the second quarter worth $29,000. United Community Bank acquired a new stake in shares of Southern Copper in the third quarter valued at $30,000. Finally, Caitlin John LLC acquired a new stake in shares of Southern Copper in the third quarter valued at $30,000. 7.94% of the stock is owned by institutional investors.

Key Headlines Impacting Southern Copper

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

• Negative Sentiment: JPMorgan cut Southern Copper to an “underweight” and trimmed its price target to $117.50 (from $119.50), implying meaningful downside versus current levels — a material bearish signal from a major bank that pressures near‑term sentiment. Read More.
• Negative Sentiment: MSN coverage highlights JP Morgan’s downgrade and that the bank shifted its top metals pick to Vale, signaling firm-level preference away from SCCO and increased competitive risk. Read More.
• Negative Sentiment: A separate MSN/coverage note frames the JP Morgan move as cutting SCCO to a sell-equivalent while naming Vale as the preferred metals exposure — reinforces the same negative thematic shift. Read More.
• Negative Sentiment: UBS reiterated a “sell” rating and holds a $148 price target, another analyst view implying roughly 20% downside from current levels — additional downward pressure from the sell‑side consensus. Read More.
• Neutral Sentiment: Yahoo analysis piece examines the shifting narrative after the fresh price‑target resets; useful context for investors weighing whether downgrades reflect short‑term price moves or longer‑term fundamentals. Read More.
• Neutral Sentiment: Zacks comparison of Rio Tinto vs. Southern Copper highlights competitor momentum (RIO lifting copper output and tech adoption), which is useful for relative‑value and sector allocation decisions. Read More.
• Neutral Sentiment: Recent earnings/transcript posts (Q3 2025 and Q3 2024) are available for deeper drilldowns on production, costs and margin commentary — important background but not immediate catalysts in these headlines. Read More. • Read More.

About Southern Copper

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.