Southern Copper stock: JPMorgan raises target to USD 154.00

Published on 10/20/2026 at 15:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are scheduled for October 27, 2026. Southern Copper stock costs USD 197.00 on October 20, 2026, down 2.37 percent on the NYSE.

JPMorgan target update

JPMorgan raised its Southern Copper target to USD 154.00 from USD 141.50 on October 16, 2026.
Second-quarter revenue reached USD 4.29 billion, up 40.60 percent year over year.
Southern Copper stock cost USD 197.00 on October 20, 2026 at 9:49 a.m. ET, down 2.37 percent on the NYSE.
Third-quarter results are scheduled for October 27, 2026.

SCCO, US84265V1052, Illustration mit AI erstellt.

JPMorgan analyst Rodolfo Angele raised the Southern Copper price target to USD 154.00 from USD 141.50 on October 16, 2026, while keeping an Underweight rating, Markets Insider reported. Southern Copper stock was at USD 197.00 on the NYSE on October 20, 2026 at 9:49 a.m. ET, down 2.37 percent on the day.

October 27 results set the next test

Southern Copper is scheduled to report third-quarter results on October 27, 2026, according to Drillr. The calendar date gives investors a near-term checkpoint after the company reported second-quarter revenue of USD 4.289 billion, up 40.60 percent year over year, and net income of USD 1.654 billion for the quarter.

Price position and valuation

The NYSE quote stood between a 52-week low of USD 115.74 and a high of USD 221.24 on October 20, 2026. Its market capitalization was USD 166.3 billion, the trailing price-to-earnings ratio was 28.87, and volume reached 112,996 shares at the quoted time.

What does USD 154.00 imply?

JPMorgan's new target lies 21.83 percent below the USD 197.00 NYSE price, calculated from the two same-currency figures. The target increase of USD 12.50 represents an 8.83 percent rise from the former USD 141.50 level, yet the Underweight rating keeps the research view cautious.

Revenue growth meets production pressure

Southern Copper's second-quarter net income rose 71.61 percent year over year to USD 1.654 billion, while copper mine production fell 3.50 percent to 508.5 million pounds, according to the company's earnings coverage carried by Drillr. The contrast leaves the October report focused on whether higher copper prices continue to offset weaker mine volumes.

Company and listing

Southern Copper is an integrated copper producer with operations in Mexico and Peru and products that include copper, molybdenum, silver and zinc. The company identifies the New York Stock Exchange as a trading venue and SCCO as its ticker on its corporate website.

Southern Copper stock was at USD 197.00 on the NYSE on October 20, 2026 at 9:49 a.m. ET, down 2.37 percent on the day.