Southern Copper’s (SCCO) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Southern Copper (NYSE:SCCO) in a research report released on Friday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has a $117.50 price target on the basic materials company’s stock, down from their prior price target of $119.50.

SCCO has been the subject of a number of other research reports. UBS Group set a $148.00 target price on shares of Southern Copper and gave the stock a “sell” rating in a research note on Wednesday. Morgan Stanley set a $138.00 price target on shares of Southern Copper and gave the company an “underweight” rating in a report on Monday, December 15th. The Goldman Sachs Group restated a “sell” rating and set a $129.00 price objective on shares of Southern Copper in a research report on Wednesday, January 14th. Citigroup reaffirmed a “sell” rating on shares of Southern Copper in a research report on Monday, January 12th. Finally, Jefferies Financial Group set a $155.00 target price on Southern Copper and gave the stock a “buy” rating in a research note on Monday, October 6th. Two equities 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 MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $129.35.

Southern Copper Stock Up 4.5%

SCCO stock opened at $184.39 on Friday. Southern Copper has a 1-year low of $74.84 and a 1-year high of $191.22. The business’s 50 day simple moving average is $149.40 and its 200 day simple moving average is $125.41. The company has a current ratio of 4.52, a quick ratio of 3.91 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $149.76 billion, a PE ratio of 38.66, a PEG ratio of 1.54 and a beta of 1.06.

Southern Copper (NYSE:SCCO) last announced its quarterly earnings results on Friday, October 31st. The basic materials company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. Southern Copper had a return on equity of 38.74% and a net margin of 30.98%.The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.05 billion. As a group, research analysts anticipate 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 the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $139.00, for a total value of $55,600.00. Following the sale, the director owned 1,265 shares of the company’s stock, valued at approximately $175,835. This trade represents a 24.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 948 shares of company stock worth $131,130 in the last three months. 0.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Southern Copper

A number of institutional investors have recently modified their holdings of SCCO. ORG Partners LLC boosted its stake in Southern Copper by 1.3% in the fourth quarter. ORG Partners LLC now owns 4,813 shares of the basic materials company’s stock valued at $691,000 after buying an additional 60 shares in the last quarter. Avanza Fonder AB lifted its holdings in shares of Southern Copper by 0.8% in the fourth quarter. Avanza Fonder AB now owns 8,736 shares of the basic materials company’s stock worth $1,253,000 after acquiring an additional 73 shares during the last quarter. Valley Brook Capital Group Inc. lifted its holdings in shares of Southern Copper by 3.1% in the fourth quarter. Valley Brook Capital Group Inc. now owns 2,597 shares of the basic materials company’s stock worth $373,000 after acquiring an additional 79 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Southern Copper by 1.8% in the 4th quarter. 180 Wealth Advisors LLC now owns 4,599 shares of the basic materials company’s stock valued at $660,000 after purchasing an additional 83 shares in the last quarter. Finally, Freestone Capital Holdings LLC grew its holdings in shares of Southern Copper by 4.0% during the 4th quarter. Freestone Capital Holdings LLC now owns 2,176 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 7.94% of the company’s stock.

Key Southern Copper News

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.