Wells Fargo raises target for Southern Copper stock to USD 190

Published on 10/16/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue is estimated at USD 4.46 billion. Southern Copper stock trades at EUR 179.90 on October 16, 2026.

Targets and earnings timetable

Wells Fargo lifted its target from USD 172.00 to USD 190.00 on October 6, 2026.
Second-quarter revenue reached USD 4.29 billion, up 40.60 percent year over year.
Southern Copper stock traded at EUR 179.90 at 9:14 a.m. CEST at Lang & Schwarz on October 16, 2026.
Market capitalization stood at USD 170.3 billion on October 16, 2026.

SCCO, US84265V1052, Illustration mit AI erstellt.

Southern Copper (ISIN US84265V1052) received a Wells Fargo target increase from USD 172.00 to USD 190.00 on October 6, 2026, according to MarketBeat. The target remains below the latest primary-market quote, putting valuation ahead of production growth in the near-term debate.

Targets point to a valuation test

The Wells Fargo move followed Southern Copper's second-quarter results. Revenue reached USD 4.29 billion in the second quarter of 2026, up 40.60 percent from the second quarter of 2025, while earnings per share came to USD 1.99, according to MarketBeat. Operating profit was USD 2.62 billion and net income attributable to common shareholders was USD 1.67 billion in that quarter.

That operating strength is paired with a production constraint. Copper output fell 3.50 percent year over year to 230,662 tons in the second quarter of 2026, while the company continued to advance mining projects in Mexico and Peru. Southern Copper describes itself as an integrated producer of copper, molybdenum, silver and zinc on its company website, which also identifies the New York Stock Exchange and ticker SCCO.

Three dates frame the story

On July 22, 2026, Southern Copper reported second-quarter revenue of USD 4.29 billion. On October 6, 2026, Wells Fargo raised its target from USD 172.00 to USD 190.00. On October 14, 2026, Zacks Investment Research cited a third-quarter revenue estimate of USD 4.50 billion and an earnings-per-share estimate of USD 2.07.

When are the next results?

MarketBeat lists October 27, 2026, as the estimated release date for third-quarter results, with the conference call scheduled for October 28, 2026 at 11:00 a.m. ET. Its consensus calls for USD 4.46 billion in revenue and USD 1.96 in earnings per share, compared with USD 3.38 billion and USD 1.3227 in the year-earlier quarter.

Southern Copper stock in Europe

Southern Copper stock was trading at EUR 179.90 at Lang & Schwarz on October 16, 2026 at 9:14 a.m. CEST. The current quote gives investors in Germany a live euro reference while the company remains primarily a New York Stock Exchange-listed copper producer. The further course of trading is shown by the continuously updated real-time quote of Southern Copper stock.