Southern Copper Corporation (NYSE: SCCO) is a major global producer of copper and other minerals. The company's activities include mining, milling, and smelting mineral properties primarily in Peru and Mexico. With a market capitalization of around $152.92 billion, it stands as one of the largest publicly-traded firms in the mining industry.
On July 15, 2026, the analyst firm Barclays (NYSE: BCS) maintained its "Underweight" rating for Southern Copper. An "Underweight" rating means the analyst believes the stock may perform worse than the broader market or its sector. When this news was released, the stock's price was $183.41.
While keeping the cautious rating, Barclays raised its price target on Southern Copper to $160.00 from a previous target of $148.00. A price target is an analyst's projection of a stock's future price. This new target is still below the stock's current trading price of $183.28.
In contrast, other analyses show more optimism for this copper stock. As highlighted by Zacks, Southern Copper was recently named to the "Zacks Rank #1 (Strong Buy)" list. This is due to a positive shift in its earnings outlook, with the consensus estimate for its current year earnings rising by 11.6% over the last 60 days.
This positive earnings view is supported by past performance. According to Zacks Investment Research, Southern Copper has an average earnings surprise of 7.66% over the last two quarters. For instance, in the most recent quarter, the company reported earnings of $1.92 per share, surpassing the consensus estimate of $1.77 per share.
