Southern Copper Corporation SCCO

Zacks Investment Research 12 nov

Southern Copper (SCCO) has been heavily searched on Zacks.com lately. The stock has declined 14% over the past month, underperforming the S&P 500's -2.4% decline. While earnings estimates show strong growth (+39.1% YoY for current quarter and +52.9% for fiscal year), the stock is rated Zacks Rank #3 (Hold) and trades at a premium valuation (Grade D) compared to peers. The company has consistently beaten earnings and revenue estimates in recent quarters.

Zacks Investment Research 11 nov

Southern Copper is progressing three major Peruvian copper projects totaling $10.3 billion in investment. Tía María is 49.6% complete and targeting H1 2028 startup with 120,000 tons annual capacity. Los Chancas, Michiquillay, and Cuajone expansion projects are expected to support production growth toward 1.6 million tons by 2033-2034. The company's stock has outperformed its industry peers with a 24.6% gain over the past year.

Zacks Investment Research 6 nov

In a comparison of two mining stocks, Freeport-McMoRan (FCX) and Southern Copper (SCCO), both holding a Zacks Rank #2 (Buy), FCX emerges as the superior value option. FCX has a lower forward P/E ratio of 19.17 versus SCCO's 20.64, a significantly better PEG ratio of 0.54 compared to SCCO's 1.53, and a more attractive P/B ratio of 2.47 versus SCCO's 10.15. These valuation metrics earned FCX a Value grade of B, while SCCO received a D grade.

The Motley Fool 2 nov

Southern Copper reported record Q3 2026 net sales of $4.7 billion with a 39% increase year-over-year. The company achieved a 98% reduction in net cash costs per pound to $0.01 through high by-product credits from molybdenum, silver, and zinc sales. Management outlined plans to exceed 1 million tons of annual copper production through the Tia Maria and El Pilar projects, which will add 156,000 tons of refined copper, while evaluating a 33% expansion of milling capacity at the Cuajone facility.

Zacks Investment Research 2 nov

Zacks highlights five non-ferrous metal mining stocks amid industry challenges from volatile metal prices, labor shortages, and rising costs. However, strong demand from energy transition and infrastructure investments is expected to support the sector. Southern Copper and Freeport-McMoRan carry Buy ratings with strong growth prospects, while First Quantum Minerals, Lundin Mining, and Centrus Energy are rated Hold with mixed near-term outlooks.