JP Morgan Reiterates Sell Rating on Southern Copper

JP Morgan has reiterated its sell rating on Southern Copper Corporation (NYSE: SCCO), setting a price target of $131.5. Analyst Rodolfo Angele maintained this stance on June 17, 2026, as the stock traded around $194.53.

Other Institutional Activity in Southern Copper

Institutional investors have been adjusting their stakes in Southern Copper. BlackRock, Inc. grew its holdings by 511,500 shares, ending with 9,399,876 shares valued at approximately $1.62 billion. Capital World Investors added 2,181,998 shares, totaling 8,611,291 shares worth about $1.48 billion. Meanwhile, State Street Corp increased its stake by 57,617 shares to 2,942,759 shares, valued at $501.3 million. Conversely, Price T Rowe Associates Inc /MD/ reduced its position by 750,526 shares, holding 2,889,371 shares valued at $492.2 million. Neuberger Berman Group LLC also trimmed its stake by 323,002 shares, ending with 2,635,082 shares worth $448.6 million.

Southern Copper Corporation Stock Up 0.7%

Shares of Southern Copper Corporation (NYSE: SCCO) are trading near $194.53. The company boasts a market cap of $162.3 billion, with a P/E ratio of 32.9 and a forward P/E of 28.4. The stock has seen a 52-week low of $85.61 and a high of $221.67. It maintains a 50-day moving average of $182.63 and a 200-day moving average of $158.08. The company has a current ratio of 4.38 and a quick ratio of 3.73, with a debt-to-equity ratio of 62.41.

Recent Earnings

Southern Copper reported revenue of approximately $14.55 billion with a revenue growth rate of 36.2%. The company's net margin stands at 34.1%, and it achieved a return on equity of 46.3%. The next earnings report is expected on July 27, 2026.

Dividend

Southern Copper offers an annual dividend rate of $4.00, yielding 2.06%. The dividend payout ratio is 56.33%, providing a regular income stream to shareholders.

Insider Buying and Selling at Southern Copper Corporation

Recent insider transactions at Southern Copper include sales by Luis Miguel Palomino Bonilla, who sold a total of 404 shares in May and June 2026. Additionally, CEO Leonardo Contreras Lerdo de Tejada and Carlos Ruiz Sacristan each bought 400 shares on May 4, 2026.

Analysts Set New Price Targets

On June 17, 2026, JP Morgan maintained its sell rating on Southern Copper with a target price of $131.5. Barclays initiated coverage with a sell rating and a $148.0 target on May 22, 2026. UBS also maintained a sell rating with a $145.0 target on May 21, 2026. Scotiabank kept its sell rating with a target of $135.0 on May 15, 2026. The consensus among analysts is an "underperform" rating with a mean target price of $164.54.

About Southern Copper Corporation

Southern Copper Corporation, based in Phoenix, Arizona, is a major player in the basic materials sector, focusing on copper mining and production. The company operates extensive mining, smelting, and refining operations in countries like Mexico, the United States, and Peru. Southern Copper is led by CEO Engineer Leonardo Contreras Lerdo de Tejada and employs over 16,600 people. It is a subsidiary of Americas Mining Corporation.

Bottom Line

JP Morgan's reiterated sell rating on Southern Copper highlights ongoing bearish sentiment despite the company's robust market performance. Investors track these ratings closely for insights into potential stock movements. Remember, 13F filings and analyst reports are historical and may not reflect real-time positions or sentiments.