Morgan Stanley raises target for Southern Copper stock to USD 170

Published on 10/08/2026 at 16:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 40.60 percent to USD 4.29 billion. Southern Copper stock costs EUR 178.23 on October 8, 2026, down 0.25 percent versus EUR 178.68.

Key points in brief

Morgan Stanley raised its Southern Copper price target from USD 156.10 to USD 170.00 on October 7, 2026 while keeping an Underweight rating.
Second-quarter 2026 revenue rose 40.60 percent year over year to USD 4.29 billion, while diluted earnings per share reached USD 1.99.
Lang & Schwarz quoted Southern Copper at EUR 178.23 on October 8, 2026, down 0.25 percent from the EUR 178.68 prior close.
Southern Copper is scheduled to report third-quarter 2026 results on October 22, 2026.

SCCO, US84265V1052, Illustration mit AI erstellt.

Southern Copper Corporation (ISIN US84265V1052) was trading at EUR 178.23 at Lang & Schwarz on October 8, 2026 at 4:13 p.m. CEST, down 0.25 percent versus the EUR 178.68 prior close. On October 7, 2026, Morgan Stanley raised its Southern Copper price target from USD 156.10 to USD 170.00 while keeping an Underweight rating, as Markets Insider reported.

Target rises, rating stays cautious

The target increase was 8.90 percent from USD 156.10 to USD 170.00, but the rating remained Underweight. Morgan Stanley said it would stay selective on copper because of full valuations and downside to spot prices, according to Markets Insider.

Three events shaped the year

On June 24, 2026, Southern Peru Copper Corporation issued USD 1.25 billion of 10-year senior unsecured notes at a fixed 5.35 percent rate, with proceeds aimed mainly at the Tia Maria project, according to Yahoo Finance. On July 22, 2026, Southern Copper reported second-quarter diluted earnings per share of USD 1.99 and revenue of USD 4.29 billion, with revenue up 40.60 percent year over year, according to MarketBeat. On October 7, 2026, Morgan Stanley lifted its target to USD 170.00 from USD 156.10 while retaining Underweight, as Markets Insider reported.

What does the project spending mean?

The Tia Maria financing gives Southern Copper USD 1.25 billion for a project with planned annual capacity of 120,000 metric tons of refined copper. The project had surpassed 47 percent progress by September 15, 2026, and the company had spent more than USD 700 million, according to El Fondo.

Two dates are approaching

Southern Copper is scheduled to announce third-quarter 2026 earnings on October 22, 2026, with an earnings-per-share estimate of USD 1.94, according to Yahoo Finance. Another current calendar lists October 27, 2026 for the report, so the date remains a point for investors to verify against the company schedule.

Euro quote and US listing

At Lang & Schwarz, Southern Copper was trading at EUR 178.23 on October 8, 2026 at 4:13 p.m. CEST, down 0.25 percent versus the EUR 178.68 prior close. The NYSE-listed stock was at USD 200.69 at 10:27 a.m. EDT on October 8, 2026, with a market capitalization of USD 167.4 billion and a 52-week range of USD 115.74 to USD 221.24. The further course of trading is shown by the continuously updated real-time quote of Southern Copper stock.