Why Southern Copper (SCCO) Stock Is Up Today

Southern Copper (SCCO) is up 6.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears to be mostly a sector-driven rally tied to stronger copper prices rather than a single new company-specific headline. Copper climbed to a more than one-month high as Chinese demand stayed firm, exchange inventories kept falling, and broader risk sentiment improved, which also lifted other copper names. Southern Copper’s strong recent operating results and project funding progress likely added support.

Details:

Benchmark copper prices rose on July 21 as warehouse stocks declined sharply and spot-market tightness in China intensified, improving sentiment toward copper producers.

The rally was broad across the group, with other major U.S. copper exposures also posting sizable gains, suggesting SCCO was participating in a commodity-led move.

In its first-quarter 2026 results, Southern Copper posted record net income of $1.58 billion, up 66.7% year over year, while saying it expects ore grades to recover by the end of 2026.

Southern Copper also raised $1.25 billion in June through notes due 2036, with proceeds earmarked for the Tia Maria project, capital spending, and general corporate purposes at its Peruvian branch.

Sources:

Southern Copper, SEC, Business Recorder, TipRanks

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 604 shares for an estimated $109,136.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$SCCO Hedge Fund Activity

We have seen 404 institutional investors add shares of $SCCO stock to their portfolio, and 358 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 2,264,922 shares (+35.2%) to their portfolio in Q1 2026, for an estimated $385,843,958
ACADIAN ASSET MANAGEMENT LLC added 1,718,311 shares (+1129.0%) to their portfolio in Q1 2026, for an estimated $292,725,276
GOLDMAN SACHS GROUP INC removed 1,388,519 shares (-48.7%) from their portfolio in Q1 2026, for an estimated $236,543,098
AGF MANAGEMENT LTD added 1,209,093 shares (+1873.6%) to their portfolio in Q1 2026, for an estimated $208,036,541
1832 ASSET MANAGEMENT L.P. removed 1,055,919 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $179,882,559
JPMORGAN CHASE & CO removed 968,988 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $165,073,307
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 788,996 shares (+46.6%) to their portfolio in Q1 2026, for an estimated $134,410,518

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SCCO Analyst Ratings

Wall Street analysts have issued reports on $SCCO in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 01/23/2026

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 7 analysts offer price targets for $SCCO in the last 6 months, with a median target of $158.0.

Here are some recent targets:

Timna Tanners from Wells Fargo set a target price of $172.0 on 07/09/2026
Carlos De Alba from Morgan Stanley set a target price of $158.0 on 07/08/2026
Myles Allsop from UBS set a target price of $160.0 on 06/30/2026
Rodolfo Angele from JP Morgan set a target price of $131.5 on 06/17/2026
Alfonso Salazar from Scotiabank set a target price of $140.0 on 06/15/2026
Matthew Murphy from Barclays set a target price of $148.0 on 05/22/2026
Caio Ribeiro from B of A Securities set a target price of $175.0 on 02/26/2026

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.