Southern Copper (NYSE:SCCO) Posts Earnings Results, Beats Expectations By $0.13 EPS

Southern Copper (NYSE:SCCO) posted its earnings results on Wednesday. The basic materials company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.02 by $0.13, FiscalAI reports. The firm had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.49 billion. Southern Copper had a return on equity of 53.46% and a net margin of 37.16%.

Southern Copper Trading Up 0.3%

Shares of SCCO stock opened at $184.22 on Friday. The company has a 50 day moving average price of $201.48 and a 200 day moving average price of $188.16. The stock has a market capitalization of $153.70 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.56 and a current ratio of 5.06. Southern Copper has a fifty-two week low of $119.25 and a fifty-two week high of $223.88.

Southern Copper’s stock is set to split on Tuesday, November 3rd. The 1.0106-1 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Monday, November 2nd.

Southern Copper Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 3rd will be paid a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a positive change from Southern Copper’s previous quarterly dividend of $1.10. This represents a $5.20 annualized dividend and a dividend yield of 2.8%. Southern Copper’s payout ratio is 64.33%.

Analysts Set New Price Targets

SCCO has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Southern Copper from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Morgan Stanley reiterated an “underweight” rating and issued a $170.00 target price on shares of Southern Copper in a research report on Wednesday, October 7th. Wells Fargo & Company set a $193.00 price objective on Southern Copper in a research report on Friday. Wall Street Zen raised shares of Southern Copper from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, UBS Group reissued a “sell” rating and set a $180.00 price objective (up from $160.00) on shares of Southern Copper in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, Southern Copper presently has an average rating of “Reduce” and a consensus price target of $161.28.

Insider Buying and Selling

In other Southern Copper news, Director Luis Palomino Bonilla sold 202 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $196.79, for a total value of $39,751.28. Following the sale, the director owned 1,723 shares of the company’s stock, valued at $339,066.65. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 603 shares of company stock worth $120,213. Insiders own 0.07% of the company’s stock.

Key Stories Impacting Southern Copper

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

• Positive Sentiment: Southern Copper reported record third-quarter sales of approximately $4.70 billion and earnings of $2.15 per share, exceeding analyst expectations. EPS also rose sharply from $1.35 a year earlier, helped by stronger copper prices and higher profitability. Southern Copper Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management expects 2026 copper production of about 918,000 tons and is targeting a first-half 2028 start for the Tía María project. Longer-term expansion plans, including a potential $680 million Cuajone mine investment, could increase output and support future revenue growth. Southern Copper Production and Tia Maria Update
• Positive Sentiment: The company declared a $1.30 dividend, adding to the appeal of SCCO for income-oriented investors. Analysts and commentary also point to Southern Copper’s strong financial growth and leverage to the ongoing copper bull market. Southern Copper Beats Estimates and Declares Dividend
• Neutral Sentiment: Southern Copper is scheduled for a 1.0106-for-1 stock split before the November 3 market open. The split does not change investors’ proportional ownership or the company’s fundamental value, but it may affect trading mechanics and investor attention. Southern Copper Shares Set to Split
• Negative Sentiment: Despite the strong earnings, some coverage highlights valuation doubts and conflicting analyst views. With SCCO trading at a relatively elevated earnings multiple and below its 50-day moving average, investors may be taking profits or demanding further copper-price gains before pushing the stock higher. Southern Copper Stock Sinks Amid Valuation Doubts

Southern Copper Company Profile

Southern Copper Corporation (NYSE:SCCO) is a mining and metals company engaged primarily in the exploration, development, extraction, processing and production of copper. The company also produces molybdenum, zinc, silver and lead, along with related byproducts. Its operations include open-pit mines, underground mines, concentrators, smelters, refineries and other processing facilities.

Southern Copper operates mainly in Peru and Mexico. Its Peruvian assets include the Toquepala and Cuajone copper mines, while its Mexican operations include the Buenavista del Cobre and La Caridad mines, as well as associated processing and infrastructure facilities.