Why Southern Copper (SCCO) Stock Is Up Today

Southern Copper Corporation (SCCO) is up 5.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a sharp rally in copper prices, which hit fresh record highs as traders reacted to tighter supply conditions and ongoing tariff-related distortions in the global market. With Southern Copper highly leveraged to copper prices, investors appear to be bidding up the stock on expectations for stronger revenue, cash flow, and margin potential.

Details:

Copper prices reached new all-time highs on September 8, lifting sentiment across major copper miners and making producers with large existing output more attractive.

Southern Copper’s latest filings show copper remains the company’s core business, so a move in the metal price can have an outsized effect on earnings expectations.

The company’s second-quarter and first-half 2026 results already reflected stronger realized metal prices, with operating cash flow rising sharply year over year despite somewhat lower copper production.

Southern Copper also recently highlighted updated production and capital spending guidance, while continuing to advance its Tia Maria development plans, which may be reinforcing bullish sentiment around long-term growth.

Sources:

Southern Copper Corporation, SEC, Yahoo Finance

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 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

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

BONILLA LUIS MIGUEL PALOMINO has made 0 purchases and 13 sales selling 1,504 shares for an estimated $293,366.

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 452 institutional investors add shares of $SCCO stock to their portfolio, and 450 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ACADIAN ASSET MANAGEMENT LLC removed 1,823,681 shares (-96.3%) from their portfolio in Q2 2026, for an estimated $314,026,379
JPMORGAN CHASE & CO added 1,138,973 shares (+inf%) to their portfolio in Q2 2026, for an estimated $196,123,975
1832 ASSET MANAGEMENT L.P. removed 1,079,276 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $181,681,436
CAPITAL WORLD INVESTORS removed 946,954 shares (-10.8%) from their portfolio in Q2 2026, for an estimated $163,059,512
NORGES BANK added 790,392 shares (+inf%) to their portfolio in Q2 2026, for an estimated $136,100,522
AGF MANAGEMENT LTD removed 702,423 shares (-54.0%) from their portfolio in Q2 2026, for an estimated $120,952,815
CAPITAL RESEARCH GLOBAL INVESTORS removed 572,643 shares (-44.0%) from their portfolio in Q2 2026, for an estimated $98,605,516

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 Price Targets

Multiple analysts have issued price targets for $SCCO recently. We have seen 6 analysts offer price targets for $SCCO in the last 6 months, with a median target of $153.0.

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

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.