| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 27 | 28.3x | 17.8x | Bottom tier | |
Growth | 82 | 32.8% | 7.1% | Top tier | |
Quality | 91 | 29.9% | 4.5% | Top tier | |
Safety | 87 | 0.1x | 2.6x | Top tier | |
Capital Return | 51 | 1.87% | 2.12% | Around median | |
Momentum | 75 | 91.0% | 2.9% | Top tier | |
Sentiment | 44 | 8 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Southern Copper Corporation is an integrated mining company whose operations and growth projects are concentrated in Peru and Mexico, and it generates revenue primarily from the production and sale of copper, along with molybdenum, silver, and zinc. In the second quarter of fiscal year 2026, copper represented 73% of sales, molybdenum 11%, silver 9%, and zinc 4%, making copper prices the largest driver of results, with an important contribution from by-products in reducing cash costs.
In the second quarter of fiscal year 2026, sales totaled $4.3 billion, or $4.29 billion according to the detailed reported figure, an increase of approximately 41% year over year. Gross profit according to EDGAR data was approximately $2.9 billion, equivalent to a gross margin of about 67%, while adjusted earnings before interest, taxes, depreciation, and amortization reached a record $2.856 billion, with a margin of 67% versus 59% in the corresponding period. Net income reached a record $1.67 billion, an increase of 72%, with a net income margin of 39% and earnings per share of $2.01.
Earnings were strong despite a 3.5% decline in copper production to 230,662 tons and a 1.5% decrease in its sales volume, as higher metal prices offset weaker volumes. Copper sales rose 38%, molybdenum 34%, zinc 24%, and silver 86%, while operating costs and expenses increased by $202 million, or 14%. On a last-twelve-month basis for fiscal year 2026, EDGAR data show revenue of $15.8 billion, gross profit of $10.1 billion, net income of $5.7 billion, and earnings per share of approximately $6.85.
The analyst consensus on SCC is Neutral, with an average price target of $162.33 and a range of $140 to $178, representing a $38 difference between the endpoints. The average target falls within the 52-week range of $89.5007 to $220.78 but is approximately 26% below its peak; this balances record earnings driven by metal prices against lower copper production and the scale of the capital spending program. No valid price-to-earnings ratio was presented, so this multiple cannot be used to assess the valuation.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
Southern Copper's sales totaled approximately $4.29 billion in the second quarter of fiscal year 2026, an increase of 40.6% year over year, while net income attributable to the company rose 71.6% to $1.67 billion. The primary driver was higher metal prices, as the average copper price on the London Metal Exchange increased 40% to $6.04 per pound. These prices offset a 3.5% decline in copper production and a 1.5% decrease in its sales volume.
Southern Copper targets copper production of 917,000 tons in fiscal year 2026, approximately 1% above its initial plan of about 910,000 tons. Production in the second quarter of fiscal year 2026 totaled approximately 230,662 tons, a year-over-year decrease of 3.5% due to weaker ore grades and recoveries at Toquepala and Cuajone. Management expects sales volumes to improve in the second half of fiscal year 2026 as a portion of the materials that accumulated as work in process during the first half becomes available.
Tía María was approximately 42% complete as of June 30, 2026, after an investment of $693 million and the company's commitment of approximately $1.101 billion to project activities. The project's total expected cost is $1.8 billion, and Southern Copper primarily allocated the proceeds from the $1.25 billion notes issuance on June 24, 2026, to fund it. The company expects a production contribution from Tía María in the latter part of fiscal year 2027, followed by support for increasing copper production to approximately 970,000 tons in fiscal year 2028, with an estimated project cash cost of $1.16 per pound without by-products.
Automated analysis for informational purposes only — not investment advice.
Molybdenum represented 11% of second-quarter fiscal year 2026 sales, silver 9%, and zinc 4%. By-products generated credits of $1.106 billion, or $2.24 per pound, during the same period. As a result, copper cash costs after credits were $0.05 per pound, compared with costs of $2.29 per pound before those credits.
The main operating risk comes from lower ore grades, which reduced copper production in Peru by 12% during the second quarter of fiscal year 2026 and led to a 3.5% decline in total production. Additionally, 73% of sales depend on copper, making results highly sensitive to its prices after higher prices were what offset weaker volumes. In addition to an investment program exceeding $20.5 billion, illegal mining activity continued to obstruct the Los Chancas project through June 30, 2026.
On July 16, 2026, Southern Copper announced a quarterly cash dividend of $1.10 per share. It also announced a distribution of 0.012 shares of common stock for each share owned and estimated the combined value of the cash and stock distributions at the equivalent of $3.23 per share. The company set August 11, 2026, as the record date and August 27, 2026, as the payment date.
