Scotiabank Forecasts Southern Copper FY2026 Earnings

Key Points

• Scotiabank forecasts Southern Copper’s FY2026 EPS at $7.95, slightly above the $7.94 consensus estimate, while projecting FY2027 EPS of $7.85.
• Analyst sentiment remains cautious, with Southern Copper carrying a consensus “Reduce” rating and a $156.02 price target, despite recent target increases from Wells Fargo and UBS.
• Southern Copper reported quarterly EPS of $1.99, beating estimates, while revenue rose 40.6% year over year to $4.29 billion; the stock opened at $201.87 and remains near its 12-month high.

Southern Copper Corporation (NYSE:SCCO - Free Report) - Investment analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for Southern Copper in a research report issued on Tuesday, October 13th. Scotiabank analyst A. Salazar anticipates that the basic materials company will post earnings per share of $7.95 for the year. The consensus estimate for Southern Copper's current full-year earnings is $7.94 per share. Scotiabank also issued estimates for Southern Copper's FY2027 earnings at $7.85 EPS.

A number of other brokerages also recently commented on SCCO. Weiss Ratings upgraded shares of Southern Copper from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, October 8th. Wells Fargo & Company boosted their price objective on shares of Southern Copper from $172.00 to $190.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 6th. Zacks Research downgraded shares of Southern Copper from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Citigroup restated a "positive" rating on shares of Southern Copper in a research report on Wednesday, July 15th. Finally, UBS Group restated a "sell" rating and set a $180.00 target price (up from $160.00) on shares of Southern Copper in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, Southern Copper currently has a consensus rating of "Reduce" and a consensus target price of $156.02.

Southern Copper Price Performance

NYSE:SCCO opened at $201.87 on Friday. Southern Copper has a 12-month low of $119.25 and a 12-month high of $223.88. The firm has a market cap of $168.43 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. The company's 50-day moving average is $201.24 and its two-hundred day moving average is $187.25. The company has a current ratio of 5.06, a quick ratio of 4.56 and a debt-to-equity ratio of 0.63.

Southern Copper (NYSE:SCCO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.06. Southern Copper had a return on equity of 49.04% and a net margin of 35.87%. The firm had revenue of $4.29 billion during the quarter, compared to analysts' expectations of $4.37 billion. The company's quarterly revenue was up 40.6% on a year-over-year basis.

Insider Buying and Selling

In other Southern Copper news, Director Luis Palomino Bonilla sold 202 shares of the firm's 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 directly owned 1,723 shares of the company's stock, valued at approximately $339,066.65. This trade represents a 10.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 704 shares of company stock valued at $138,077 in the last ninety days. Corporate insiders own 0.07% of the company's stock.

Hedge Funds Weigh In On Southern Copper

Several institutional investors and hedge funds have recently bought and sold shares of SCCO. BlackRock Inc. acquired a new stake in shares of Southern Copper during the 2nd quarter worth $1,729,500,000. Bank of America Corp DE acquired a new position in Southern Copper in the second quarter valued at $318,448,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Southern Copper by 2.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,290,648 shares of the basic materials company's stock valued at $224,908,000 after acquiring an additional 27,744 shares during the last quarter. Legal & General Group Plc acquired a new position in Southern Copper in the second quarter valued at $149,739,000. Finally, Bollard Group LLC grew its position in Southern Copper by 14.0% during the first quarter. Bollard Group LLC now owns 861,950 shares of the basic materials company's stock valued at $148,307,000 after acquiring an additional 105,763 shares during the period. Institutional investors and hedge funds own 7.94% of the company's stock.

Southern Copper Company Profile

Southern Copper Corp. is an integrated copper producer engaged in the exploration, mining, processing, smelting and refining of copper and other minerals. Its principal products include copper cathodes, copper concentrates, molybdenum, zinc, silver and lead. The company also produces sulfuric acid and other byproducts through its metallurgical operations.

Southern Copper operates major mining and processing assets in Mexico and Peru. Its Mexican operations include the Buenavista del Cobre and La Caridad mining complexes, while its Peruvian operations include the Cuajone and Toquepala mines.

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