Southern Copper (NYSE:SCCO) Price Target Raised to $125.00 at Scotiabank

Southern Copper (NYSE:SCCO) had its target price lifted by Scotiabank from $92.00 to $125.00 in a research note issued to investors on Tuesday morning, Marketbeat reports. The firm currently has a sector underperform rating on the basic materials company’s stock.

Several other equities analysts have also recently commented on the stock. Wall Street Zen upgraded shares of Southern Copper from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a $117.50 price objective (down from $119.50) on shares of Southern Copper in a research report on Friday, January 23rd. Zacks Research downgraded Southern Copper from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Wells Fargo & Company set a $182.00 price target on Southern Copper and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Finally, Itau BBA Securities lowered Southern Copper from a “market perform” rating to an “underperform” rating and set a $126.00 price objective on the stock. in a research note on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Southern Copper currently has an average rating of “Reduce” and an average target price of $134.65.

Southern Copper Stock Up 3.4%

NYSE SCCO opened at $194.84 on Tuesday. The company has a market cap of $158.24 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 1.58 and a beta of 1.06. Southern Copper has a 1-year low of $74.84 and a 1-year high of $194.99. The company has a current ratio of 4.52, a quick ratio of 3.91 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $152.04 and a 200-day moving average of $126.67.

Southern Copper shares are set to split on Tuesday, February 10th. The 1.0085-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Monday, February 9th.

Southern Copper (NYSE:SCCO) last posted its quarterly earnings results 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. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.05 billion. Southern Copper had a return on equity of 38.74% and a net margin of 30.98%. On average, equities research analysts expect that Southern Copper will post 4.66 earnings per share for the current fiscal year.

Southern Copper Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 10th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, February 10th. This is a boost from Southern Copper’s previous quarterly dividend of $0.90. Southern Copper’s payout ratio is currently 83.86%.

Insider Buying and Selling

In other news, Director Bonilla Luis Miguel Palomino sold 400 shares of Southern Copper stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $139.00, for a total transaction of $55,600.00. Following the sale, the director directly owned 1,265 shares of the company’s stock, valued at approximately $175,835. This trade represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 948 shares of company stock valued at $131,130 in the last ninety days. 0.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Southern Copper

Several hedge funds have recently added to or reduced their stakes in SCCO. Capital World Investors increased its position in Southern Copper by 36.1% in the 3rd quarter. Capital World Investors now owns 6,437,608 shares of the basic materials company’s stock valued at $781,268,000 after acquiring an additional 1,708,693 shares during the period. Norges Bank acquired a new stake in Southern Copper in the second quarter valued at $57,901,000. HRT Financial LP bought a new position in Southern Copper during the 2nd quarter worth $29,771,000. Man Group plc lifted its holdings in Southern Copper by 65.4% during the 2nd quarter. Man Group plc now owns 467,119 shares of the basic materials company’s stock worth $47,258,000 after buying an additional 184,641 shares during the period. Finally, Schroder Investment Management Group grew its position in shares of Southern Copper by 54.6% in the 3rd quarter. Schroder Investment Management Group now owns 505,284 shares of the basic materials company’s stock valued at $61,321,000 after buying an additional 178,350 shares during the last quarter. 7.94% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Southern Copper

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

• Positive Sentiment: Rising structural copper demand — MarketBeat and several industry pieces highlight a tightening copper market driven by electrification and AI data-center buildout, which supports higher longer-term copper prices and benefits large-reserve producers like Southern Copper. (MarketBeat coverage)
• Positive Sentiment: Dividend increase — SCCO declared a quarterly dividend of $1.00 (11.1% increase). The higher yield and cash return to shareholders is supportive of the stock for income-oriented investors. Dividend Announcement
• Positive Sentiment: Stock narrative and growth scores — Zacks and other outlets profile SCCO as a strong growth/quality miner (favorable style scores, earnings power and margin leverage to copper prices), which can attract momentum and model-driven buyers. Zacks Growth Article
• Neutral Sentiment: Project progress and reserves — Coverage (Fool/MarketBeat) emphasizes SCCO’s large reserves and Tía María construction (~25% complete), positioning it to add supply when peers are constrained. This is strategic upside but carries country/political risk. Fool Article
• Neutral Sentiment: Valuation comparison — Kalkine published a valuation comparison versus the NYSE Composite; SCCO trades at elevated multiples (high P/E vs. index, PEG ~1.54) reflecting future earnings expectations — useful context for long-term investors but not an immediate catalyst. Kalkine Valuation Guide
• Neutral Sentiment: Performance recap piece — Benzinga ran a long-term performance/returns piece (5-year return analysis) that can reinforce investor sentiment but is not a fresh catalyst. Benzinga Returns
• Neutral Sentiment: Minor share split scheduled — A 1.0085-for-1 split will be executed Feb 10; economically immaterial but could trigger short-term trading flows. MarketBeat Split Notice
• Neutral Sentiment: Unrelated company mention — A TipRanks item references Great Southern Copper PLC (different company/ticker); investors should not confuse this with SCCO. TipRanks Item
• Negative Sentiment: Analyst target vs. current price — Scotiabank raised its target to $125 but retained a “sector underperform” stance; that target implies material downside from current levels and may temper upside for some investors. The Fly / Scotiabank Report

Southern Copper Company Profile

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.