Southern Copper Corp

Southern Copper operates large-scale copper mines primarily in Peru and Mexico, also producing significant molybdenum, silver, and zinc as byproducts. The company controls extensive copper reserves through wholly-owned mines including Cuajone, Toquepala, and Buenavista. Revenue comes from copper sales tied to global commodity prices, with profitability highly sensitive to the copper price environment. Major customers include global metal traders and manufacturers.

Southern Copper offers leverage to copper prices, which fluctuate based on global economic growth and industrial demand, particularly from China. The stock trades with cyclical valuation multiples reflecting commodity price volatility. Strengths include low-cost production from large, long-life mines and integration with parent company Grupo México. Risks include copper price declines, political instability in Peru, environmental and community opposition to mining expansion, and permitting challenges for new projects. The company maintains high dividend payouts from operating cash flow.

Freeport-McMoRan operates major copper mines in the Americas and competes directly in global markets. BHP and Rio Tinto produce significant copper from diversified mining operations worldwide. Chile's state-owned Codelco is the world's largest copper producer. Glencore combines copper mining with trading operations. Anglo American and Antofagasta operate copper assets primarily in Chile. All compete on cost position, reserve quality, and execution of expansion projects.

Southern Copper pays among the highest dividend yields in the materials sector, distributing substantially all net income to shareholders through quarterly and annual dividends. The company follows a policy of paying out most earnings rather than retaining cash, reflecting confidence in its low-cost operations and the controlling shareholder's (Grupo México) preference for cash distributions. Dividend amounts fluctuate with copper prices and profitability, creating variability year-to-year.

SCCO last closed at $159.88, up 0.18% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $73.37 and a high of $223.89. The current price represents 57% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Among 16 analysts covering SCCO, the consensus rating is Strong Sell — 2 rate it a buy, 5 hold, and 9 sell. The average price target sits at $319.41, implying 100% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Southern Copper Corp generated $13.37B in revenue during fiscal year 2026, with $4.32B reaching the bottom line as net income. The net profit margin of 32.3% is strong by most industry standards.

SCCO trades at a P/E ratio of 29.01 on trailing earnings of $5.32 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Metals & Mining sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +7.78% (3M), +38.84% (6M), +63.14% (1Y), +8.39% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether SCCO is outperforming or lagging the broader market.