Southern Copper Corporation (NYSE:SCCO) is a major player in the mining industry, primarily engaged in the production of copper, molybdenum, zinc, and silver. The company operates in Peru and Mexico, making it one of the largest integrated copper producers globally. Its competitors include Freeport-McMoRan and BHP Group, which also have significant operations in the copper mining sector.
On March 2, 2026, Castillo Sanchez Mejorada Enrique, a director at Southern Copper, sold 4,587 shares of the company's common stock at $217.39 each. This transaction leaves him with 600 shares. Such insider transactions can sometimes signal the director's perspective on the company's future performance or personal financial planning.
Southern Copper's stock has received a consensus "Reduce" rating from thirteen ratings firms, as highlighted by MarketBeat Ratings. Among these, eight analysts have issued a "sell" rating, three have given a "hold" rating, and two have recommended a "buy" rating. The average 12-month price target is approximately $140, indicating a potential downside from the current trading price.
Recent evaluations by research firms reflect a cautious outlook on SCCO. Scotiabank reaffirmed an "underperform" rating, while Zacks Research downgraded the stock from "strong-buy" to "hold." Wall Street Zen also shifted its rating from "buy" to "hold," and UBS Group maintained a "sell" rating, adjusting their price target to $148.74.
Financially, Southern Copper has a price-to-earnings (P/E) ratio of 42.01, which is relatively high, suggesting that investors are paying more for each dollar of earnings. The company's price-to-sales ratio is 13.37, and its enterprise value to sales ratio is 13.60. With an earnings yield of 2.38%, SCCO's profitability is moderate. The debt-to-equity ratio of 0.66 indicates a balanced approach to leveraging debt, while a current ratio of 3.89 shows strong liquidity.
