Southern Copper Corporation stock gains 3.17 percent on earnings beat and copper demand

Published on 10/03/2026 at 22:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Southern Copper Corporation stock closed at USD 205.54 on October 2 after a 3.17 percent gain. Q2 revenue rose 40.6 percent year over year to USD 4.29 billion.

SCCO, US84265V1052, Illustration mit AI erstellt.

Southern Copper Corporation stock (ISIN US84265V1052) closed at USD 205.54 on the NYSE on October 2, 2026, gaining 3.17 percent from the prior close. The move followed a quarter in which revenue rose 40.6 percent year over year to USD 4.29 billion, while quarterly EPS beat consensus by USD 0.06.

Second-quarter earnings set the tone

According to MarketBeat on September 15, 2026, Southern Copper reported USD 1.99 in quarterly EPS against a USD 1.93 consensus estimate for the quarter released on July 22, 2026. Revenue reached USD 4.29 billion versus the USD 4.37 billion forecast, so the earnings beat came alongside a revenue miss against expectations.

The company also lifted its quarterly dividend to USD 1.10 from USD 1.00, according to MarketBeat. The annualized payout was USD 4.40, with the dividend paid on August 27, 2026, to shareholders of record on August 11, 2026.

Margins show copper price leverage

Southern Copper's Q2 2026 adjusted EBITDA reached USD 2,956 million, up 60 percent from USD 1,791 million in Q2 2025, while the adjusted EBITDA margin expanded to 67 percent from 59 percent. Those figures came from the company's Q2 results call carried by Yahoo Finance.

The operating picture is mixed beneath the headline growth. Copper production fell 3.5 percent year over year to 230,662 tons in Q2 2026, while management discussed a 2026 production expectation of 917,000 tons in the earnings call. That contrast makes metal prices and recovery rates important counterweights to the earnings momentum.

Analyst target stays below the stock

According to MarketBeat on September 15, 2026, 15 analysts held a consensus Reduce rating, with seven sell ratings, five hold ratings and three buy ratings. The average 12-month price target was USD 146.84, below the October 2 stock price and signaling that analyst caution has not matched the recent market advance.

Southern Copper's October 2 reference snapshot showed a 52-week range of USD 115.74 to USD 221.24, market capitalization of USD 171.5 billion and volume of 882,590 shares. The stock therefore traded inside the upper portion of its yearly range while its latest quarterly figures showed strong profit conversion.

Southern Copper stock closes above USD 205

Southern Copper stock closed at USD 205.54 on the NYSE on October 2, 2026, with a prior close of USD 199.22. The USD 171.5 billion market capitalization and the USD 146.84 consensus target frame the gap between current market pricing and analyst expectations.