Southern Copper stock gains as copper hits record highs and growth outlook strengthens

Published on 09/18/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Southern Copper stock rose 3.28 percent to USD 196.11 on September 17, 2026 amid record copper prices and tight supply. Zacks now forecasts 49.4 percent earnings growth for the current fiscal year, underlining SCCO’s long term growth profile.

SCCO, US84265V1052, Illustration mit AI erstellt.

Southern Copper Corporation stock (ISIN US84265V1052) climbed 3.28 percent to USD 196.11 at the close on September 17, 2026 on the Nasdaq, supported by record copper prices and tight Latin American supply conditions that have drawn investor interest back to miners.

Copper rally lifts Southern Copper stock

As The Rio Times reported on September 18, 2026, Southern Copper added 3.28 percent to USD 196.11 in New York trading, marking the largest move among the major copper miners covered in its regional overview.

According to PR Newswire via TradingView on September 17, 2026, three month copper on the London Metal Exchange touched an intraday all time high of USD 14,694 per tonne on September 8, 2026, surpassing the previous record of USD 14,527.50 set in January.

The same release notes that Southern Copper is viewed as a growth pipeline name in the copper space, with development projects such as Tia Maria, Michiquillay and Los Chancas in Peru and Mexico that position it to benefit from structurally tighter supply in coming years.

Recent price performance and market context

Per a Latin America markets overview from The Rio Times dated September 18, 2026, Southern Copper last traded at USD 193.97 on the Nasdaq, down 0.26 percent from the previous close of USD 194.48, with an intraday high of USD 199.36, a low of USD 192.59 and volume of 367,102 shares.

The same Rio Times table shows that Southern Copper’s share price is up 104.01 percent year on year, highlighting how the stock has more than doubled over the past twelve months as investors have priced in record copper levels and the company’s growth pipeline.

In a separate commodity wrap on September 18, 2026, The Rio Times highlighted that Southern Copper’s 3.28 percent move to USD 196.11 on the prior session made it the largest gainer among major copper names, underlining the sensitivity of the stock to moves in the underlying metal.

Analyst growth expectations strengthen

Beyond the immediate commodity tailwind, analysts have been revising their earnings expectations for Southern Copper upward. According to Zacks Investment Research on September 17, 2026, Southern Copper carries a Growth Style Score of A and is forecast to deliver year over year earnings growth of 49.4 percent in the current fiscal year.

Zacks notes that, for fiscal 2026, the consensus estimate for Southern Copper’s earnings per share has increased by USD 0.15 over the past 60 days to USD 7.83 per share, with the company posting an average earnings surprise of 6.3 percent across recent quarters.

The same Zacks analysis describes Southern Copper as a potential top pick for growth oriented investors, pointing to its combination of a Zacks Rank of 3 (Hold), solid VGM Score of B and a strong pipeline of copper development projects in Argentina, Chile, Mexico and Peru.

Valuation, street targets and dividend profile

Southern Copper’s strong run has left the stock trading above many published price targets. As MarketBeat reported on September 17, 2026, the consensus target price for Southern Copper stands at USD 146.84, implying that the shares trade materially above the average analyst valuation at recent levels near USD 194.

In the same comparison, MarketBeat shows that Southern Copper has seven Sell ratings, five Hold ratings and three Buy ratings among the analysts tracked, resulting in a rating score of 1.73 and signaling a mixed, somewhat cautious street view despite the company’s operational momentum.

The Rio Times’ Chile markets overview on September 18, 2026 additionally highlights Southern Copper’s income appeal, citing a forward annual dividend of USD 2.46 per share, a yield of 3.6 percent and a payout ratio of 32.9 percent based on forward earnings, which leaves room both for growth investment and continued shareholder distributions.

Risks around supply, valuation and volatility

Record copper prices and forecast earnings growth are clear positives, but investors also face risks. The PR Newswire analysis via TradingView on September 17, 2026 underlines that Chile’s copper output has fallen to its weakest level in 19 years, part of a supply picture that contributes to higher prices but also emphasizes political, environmental and operational uncertainties in key mining jurisdictions.

Valuation is another key consideration. With Southern Copper stock trading more than 30 percent above the USD 146.84 consensus target cited by MarketBeat on September 17, 2026, the shares already discount a considerable portion of the anticipated growth and copper price strength, leaving less margin for disappointment in future quarters.

The Rio Times’ data showing a 104.01 percent year on year price increase as of September 18, 2026 also hints at elevated volatility: such a strong run can amplify both upside and downside swings if copper prices retrace or projects face delays, meaning position sizing and time horizon are critical for investors in this name.

Southern Copper stock: current level and investor takeaway

As of September 18, 2026, Southern Copper stock last traded at USD 193.97 on the Nasdaq, 0.26 percent below the prior close of USD 194.48 and within an intraday range of USD 192.59 to USD 199.36, with trading volume of 367,102 shares in that session, according to The Rio Times data.