Southern Copper (NYSE:SCCO) Earns Underweight Rating from JPMorgan Chase & Co.

Southern Copper (NYSE:SCCO)‘s stock had its “underweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, Marketbeat reports. They presently have a $117.50 target price on the basic materials company’s stock, down from their previous target price of $119.50. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 36.28% from the stock’s previous close.

Several other research firms have also issued reports on SCCO. HSBC restated a “hold” rating and issued a $118.00 price objective (up previously from $105.00) on shares of Southern Copper in a research note on Friday, October 17th. Wells Fargo & Company set a $182.00 price target on Southern Copper and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Jefferies Financial Group set a $155.00 price objective on shares of Southern Copper and gave the stock a “buy” rating in a research report on Monday, October 6th. Wall Street Zen upgraded shares of Southern Copper from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $129.00 price objective on shares of Southern Copper in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $129.35.

Southern Copper Stock Performance

Shares of SCCO stock opened at $184.39 on Friday. The company has a fifty day moving average price of $149.40 and a two-hundred day moving average price of $125.23. Southern Copper has a one year low of $74.84 and a one year high of $191.22. The stock has a market cap of $149.76 billion, a P/E ratio of 38.66, a P/E/G ratio of 1.54 and a beta of 1.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.52 and a quick ratio of 3.91.

Southern Copper (NYSE:SCCO) last issued its earnings results on Friday, October 31st. The basic materials company reported $1.35 earnings per share (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 company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.05 billion. As a group, equities analysts predict that Southern Copper will post 4.66 EPS for the current year.

Insiders Place Their Bets

In other Southern Copper news, Director Bonilla Luis Miguel Palomino sold 400 shares of Southern Copper stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $139.00, for a total value of $55,600.00. Following the completion of the sale, the director owned 1,265 shares in the company, valued at $175,835. The trade was a 24.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 948 shares of company stock worth $131,130. 0.07% of the stock is owned by company insiders.

Institutional Investors Weigh In On Southern Copper

A number of large investors have recently bought and sold shares of the company. Hopwood Financial Services Inc. bought a new stake in Southern Copper during the third quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. grew its holdings in shares of Southern Copper by 65.1% during the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 213 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 84 shares during the last quarter. Tobam bought a new stake in shares of Southern Copper during the 2nd quarter valued at approximately $29,000. United Community Bank acquired a new stake in shares of Southern Copper during the third quarter valued at about $30,000. Finally, Caitlin John LLC bought a new stake in shares of Southern Copper during the third quarter worth about $30,000. 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:

• 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.