Southern Copper stock gets a Wells Fargo target hike to USD 190.00
Published on 10/06/2026 at 17:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Southern Copper stock (ISIN US84265V1052) was trading at USD 203.69 on the NYSE on October 6, 2026, down 0.78 percent from USD 205.29. Wells Fargo lifted its price target from USD 172.00 to USD 190.00 in a report dated October 6, 2026, according to MarketBeat.
Wells Fargo raises its target
The new USD 190.00 target remains below SCCO's October 6 trading price, even after the increase from USD 172.00. Wells Fargo kept an Equal Weight rating, making the change a valuation update rather than a bullish rating shift, MarketBeat reported.
The price action gives the target revision a sharper context. SCCO's intraday range on October 6 extended from USD 199.22 to USD 206.90, while the market capitalization stood at USD 169.9 billion.
Q2 revenue climbs 40.6 percent
Southern Copper reported USD 4.29 billion in Q2 2026 revenue, up 40.6 percent from the same quarter a year earlier. Quarterly earnings per share reached USD 1.99 against a USD 1.93 consensus, a USD 0.06 beat, according to MarketBeat.
The comparison is mixed: revenue was below the USD 4.37 billion estimate even as EPS exceeded its forecast. That split puts operating execution and copper pricing ahead of the headline revenue growth when investors assess the next report.
Consensus stays below the stock
The analyst backdrop remains cautious. A 15-analyst panel carries a Reduce consensus, with seven Sell ratings, five Holds and three Buys, while the average 12-month target is USD 146.84, MarketBeat reported on September 15, 2026.
That average target is USD 56.85 below the October 6 price of USD 203.69. The contrast between 40.6 percent revenue growth and the Reduce consensus leaves the stock's valuation, rather than quarterly momentum alone, as the central market question.
Southern Copper stock trades below its yearly high
SCCO's 52-week range was USD 115.74 to USD 221.24 on October 6, 2026, placing the intraday price below the high while the stock remained above its yearly low. Global Banking & Finance Review identifies Southern Copper as SCCO on the NYSE and assigns ISIN US84265V1052, with copper, molybdenum, silver and zinc among its products, Global Banking & Finance Review states.
Key facts on Southern Copper stock
- Company: Southern Copper Corporation
- ISIN: US84265V1052
- Ticker: SCCO
- Trading venue: NYSE
- Price (as of October 6, 2026, 11:18 a.m. EDT): USD 203.69
- Market capitalization: USD 169.9 billion (as of October 6, 2026)
- 52-week range: USD 115.74-221.24 (as of October 6, 2026)
- Sector / Industry: Materials / Copper mining
