Southern Copper Corporation (SCCO) Up 5.5% — Time to Put Capital to Work Here?
Southern Copper Corporation (SCCO) posted strong performance in the latest session, with shares advancing 5.53% to close at $169.43 on the NYSE. The stock gained $8.88 from the prior close of $160.55, marking a decisive bullish move that stands out in the current metals and mining landscape. Trading volume came in at 1,132,573 shares, running below the 90-day average of 1,505,463, suggesting that the latest upswing has unfolded without a surge in trading activity. Even so, the size of the price move underscores firm buying interest and growing momentum.
The stock also powered through its recent 52-week high of $161.59, set on Jan. 6, 2026, and finished the session more than $7 above that prior peak. This breakout to fresh highs signals that SCCO is gaining ground and extending an already constructive technical setup. Within the broader precious and base metals space, SCCO’s surge contrasts with more measured recent moves in peers such as Newmont Corporation (NEM) and Agnico Eagle Mines Limited (AEM), highlighting the stock as one of the more aggressively advancing names in its group. Overall, the latest price action points to sustained bullish activity, with SCCO establishing itself firmly in new high ground and reinforcing its upward trend.
Why Southern Copper Corporation Price is Moving Higher
Southern Copper Corporation’s latest move higher is closely tied to a constructive backdrop for copper and the company’s ability to leverage that environment. Firm copper prices and tight global supply are providing a powerful fundamental tailwind for low‑cost producers, and SCCO is positioned squarely in that camp. Recent results showed healthy profitability, with net margins near 31% and return on equity approaching 39%, supporting investor confidence in the company’s operating discipline. The market is also rewarding SCCO’s visible growth path, including a more than $15 billion capex program aimed at expanding long‑term copper output and reinforcing its role as a key supplier into structurally rising demand from electrification and infrastructure trends.
Momentum has been further supported by earnings and cash‑flow strength. The recent EPS beat ($1.35 vs. $1.26) and double‑digit revenue growth of about 15% signal that SCCO is executing well against this favorable commodity backdrop. That operational performance underpins a cycle‑linked capital return framework, including a recently lifted cash payout and incremental stock distribution in late 2025, which investors view as a tangible way to participate in the current copper upcycle. Although many analysts highlight valuation as stretched and maintain a Reduce stance with price targets below current levels, the stock’s climb suggests the market is placing a premium on SCCO’s low‑cost asset base, long‑duration growth projects such as Tia Maria in Peru, and its leverage to tight copper markets—factors collectively fueling ongoing bullish sentiment and keeping buyers engaged despite the elevated multiple.
What is the Southern Copper Corporation Rating - Should I Buy?
Weiss Ratings assigns SCCO a B rating. Current recommendation is Buy. This evaluation places Southern Copper Corporation in the higher-quality tier of the Materials sector, indicating an overall favorable risk/reward balance for investors willing to accept some price swings in pursuit of growth and income.
The core strength behind this rating is the company’s operating performance. SCCO holds an Excellent Growth Index and an Excellent Efficiency Index, backed by 15.23% revenue growth and a profit margin of 30.97%. A return on equity of 39.30% further supports the Excellent Efficiency Index, signaling that management is generating substantial value from shareholder capital. The Excellent Solvency Index adds another layer of comfort, indicating a solid financial foundation behind that growth.
On the market side, SCCO earns a Good Total Return Index, which aligns with its recent price strength, while the Fair Volatility Index means investors should be prepared for moderate price fluctuations. The Fair Dividend Index indicates that income is a contributing, but not dominant, part of the story, complementing the company’s growth profile rather than defining it. Together, these elements support a B (Buy) rating rather than a more conservative Hold stance.
Within the Materials sector, Southern Copper Corporation (SCCO, B) is competitively positioned alongside peers such as Newmont Corporation (NEM, B) and Agnico Eagle Mines Limited (AEM, B). For investors looking for commodity exposure with above-average operational quality and a strong balance sheet, SCCO’s B (Buy) rating signals a comparatively attractive candidate.
About Southern Copper Corporation
Southern Copper Corporation is a leading integrated copper producer operating across the full mining value chain, from exploration and extraction to processing and refining. Headquartered in the Americas and listed on the NYSE under the ticker SCCO, the company focuses primarily on copper, while also producing significant volumes of molybdenum, zinc, silver and other byproducts that enhance overall resource utilization. Its core mining assets are located in resource-rich regions, where large-scale open-pit and underground operations feed concentrators, smelters and refineries designed to deliver high-quality finished metal to the global materials market.
Within the materials sector, Southern Copper distinguishes itself through its substantial reserve base, vertically integrated operations and long-life mining projects. The company’s integrated model allows it to manage ore from the mine face through concentrate production, smelting and refining, supporting consistent quality control and operational efficiency. In addition, Southern Copper invests in infrastructure, environmental management and community engagement around its operations, which can help support long-term project stability. Its emphasis on large, low-cost deposits and established processing facilities positions the company as a key supplier to industries that depend on copper and related metals, including construction, power infrastructure, transportation and renewable energy applications.
Investor Outlook
With a B (Buy) Weiss Rating, Southern Copper Corporation (SCCO) appears favorably positioned for investors seeking continued exposure to the Materials space. The key focus now is whether the stock can maintain its positive momentum as sector trends in metals pricing and global demand evolve, and whether its overall risk/reward profile remains strong enough to support the current rating. See full rankings of all B-rated Materials stocks inside the Weiss Stock Screener.
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