Southern Copper slips as copper prices soften and investor sentiment stays cautious on miners

Southern Copper Corporation (SCCO) is down 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is weakness in copper pricing/expectations, which can quickly translate into selling pressure for copper producers. SCCO also appears to be trading in a fragile sentiment backdrop after recent caution from analysts and ongoing investor focus on 2026 production outlook and commodity inventories.

Details:

Copper futures pricing and positioning were in focus in the March 13 metals tape, keeping copper-linked equities sensitive to any downside in the red metal.

Copper has recently faced headwinds tied to rising exchange inventories and macro uncertainty, which can pressure realized prices and near-term margin expectations for miners.

Southern Copper’s latest full-year results highlighted a strong 2025, but the market has been particularly reactive to forward-looking production commentary and commodity-price sensitivity.

This could also be a continuation move after earlier 2026 analyst rating/target changes, which can amplify volatility when copper prices pull back.

Sources:

AP News, Energy News (OE Digital), Southern Copper (Investor Relations)

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SCCO Insider Trading Activity

$SCCO insiders have traded $SCCO stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.

Here’s a breakdown of recent trading of $SCCO stock by insiders over the last 6 months:

LERDO DE TEJADA LEONARDO CONTRERAS sold 9,248 shares for an estimated $1,954,426
SANCHEZ MEJORADA ENRIQUE CASTILLO sold 4,587 shares for an estimated $997,167
BONILLA LUIS MIGUEL PALOMINO has made 0 purchases and 7 sales selling 1,248 shares for an estimated $165,718.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$SCCO Hedge Fund Activity

We have seen 380 institutional investors add shares of $SCCO stock to their portfolio, and 416 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 3,247,395 shares (-73.2%) from their portfolio in Q4 2025, for an estimated $461,977,010
NORGES BANK added 686,377 shares (+inf%) to their portfolio in Q4 2025, for an estimated $97,644,541
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 581,472 shares (+52.4%) to their portfolio in Q4 2025, for an estimated $82,720,671
CAPITAL RESEARCH GLOBAL INVESTORS added 569,653 shares (+inf%) to their portfolio in Q4 2025, for an estimated $81,039,291
BANK OF AMERICA CORP /DE/ removed 560,359 shares (-29.5%) from their portfolio in Q4 2025, for an estimated $79,717,119
GOLDMAN SACHS GROUP INC removed 479,777 shares (-14.4%) from their portfolio in Q4 2025, for an estimated $68,253,459
SQUAREPOINT OPS LLC removed 461,407 shares (-50.9%) from their portfolio in Q4 2025, for an estimated $65,640,128

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$SCCO Analyst Ratings

Wall Street analysts have issued reports on $SCCO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 5 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 01/23/2026
UBS issued a "Sell" rating on 01/21/2026
Itau BBA issued a "Underperform" rating on 12/23/2025
Goldman Sachs issued a "Sell" rating on 10/29/2025
Citigroup issued a "Sell" rating on 10/08/2025
Jefferies issued a "Buy" rating on 10/06/2025

To track analyst ratings and price targets for $SCCO, check out Quiver Quantitative's $SCCO forecast page.

$SCCO Price Targets

Multiple analysts have issued price targets for $SCCO recently. We have seen 11 analysts offer price targets for $SCCO in the last 6 months, with a median target of $126.0.

Here are some recent targets:

Caio Ribeiro from B of A Securities set a target price of $175.0 on 02/26/2026
Myles Allsop from UBS set a target price of $150.0 on 02/03/2026
Timna Tanners from Wells Fargo set a target price of $192.0 on 01/29/2026
Alfonso Salazar from Scotiabank set a target price of $125.0 on 01/27/2026
Rodolfo Angele from JP Morgan set a target price of $117.5 on 01/23/2026
Daniel Sasson from Itau BBA set a target price of $126.0 on 12/23/2025
Thiago Ojea from Goldman Sachs set a target price of $115.0 on 10/29/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.