Barclays keeps a USD 168 target for Southern Copper stock

Published on 10/20/2026 at 11:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays maintains a Sell rating and USD 168 target on October 19, 2026. Southern Copper stock costs EUR 177.73 on October 20, 2026.

Analyst stance before earnings

Barclays maintained a Sell rating and a USD 168.00 target on October 19, 2026.
Southern Copper reported USD 4.29 billion in second-quarter 2026 revenue, up 40.60 percent year over year.
Southern Copper stock trades at EUR 177.73 at 11:41 a.m. CEST at Lang & Schwarz on October 20, 2026.
Southern Copper is expected to report third-quarter results on October 27, 2026, with a conference call on October 28, 2026.

SCCO, US84265V1052, Illustration mit AI erstellt.

Southern Copper (US84265V1052) carries a USD 168.00 Barclays price target after the bank maintained its Sell rating on October 19, 2026. The stock also enters the final week before its expected third-quarter report, giving investors two concrete reference points: a cautious analyst view and a scheduled earnings event.

Barclays keeps target below market

According to TipRanks, Richard Garchitorena of Barclays maintained a Sell rating and a USD 168.00 target on October 19, 2026. The target sits below Southern Copper's latest US market quotation, making the rating a clear counterweight to the company's strong operating growth.

What did the second quarter deliver?

Southern Copper reported USD 4.29 billion in revenue for the second quarter of 2026, a 40.60 percent increase from USD 3.05 billion a year earlier. Net profit reached USD 1.67 billion, compared with USD 973.50 million in the same quarter of 2025, while earnings per share came to USD 1.99, according to TipRanks.

Three recent markers for SCCO

The recent sequence shows how expectations have shifted. On July 22, 2026, Southern Copper reported USD 1.99 in quarterly earnings per share and USD 4.29 billion in revenue, as MarketBeat reported. On October 6, 2026, Wells Fargo raised its target from USD 172.00 to USD 190.00, according to MarketBeat. Barclays then set the USD 168.00 target on October 19, 2026.

Dates for the next update

MarketBeat lists October 27, 2026, as Southern Copper's expected third-quarter earnings date before the market opens. The conference call is scheduled for October 28, 2026, at 11:00 a.m. ET. Consensus estimates cited by MarketBeat call for USD 2.00 in earnings per share and USD 4.49 billion in revenue.

Stock price before earnings

Southern Copper's market capitalization was USD 170.4 billion as of October 19, 2026, while its 52-week range was USD 115.74 to USD 221.24. The valuation leaves the upcoming report as the next test of whether recent revenue growth can support expectations embedded in the share price.

Southern Copper was trading at EUR 177.73 at Lang & Schwarz on October 20, 2026, at 11:41 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Southern Copper stock.