SCCO
Southern Copper Corporation

Southern Copper CorporationSCCO

Basic Materials · Copper
167.27USD
+1.14%
Nov 08, 2026
SCCO overview ready
Large-scale integrated copper and polymetallic producer in Americas
Large-scale integrated copper producer with mining, concentrating, smelting and refining operations in Mexico and Peru; it also produces molybdenum, silver, zinc and other by-products.
Primary theme is lagging
Critical Materials is lagging (-15.2pp vs SPY over 21 sessions; 0 of 14 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably….
Unremarkable fundamentals
Primary risk
Commodity price volatility.
Market Nov 6Filing Sep 30Price action Nov 7Research Sep 15

Conviction Level

PriceAction3.4BusinessPerformance7.0BusinessQuality8.6Valuation6.0ThemeMomentum1.0Improving — Revenue is growing at a steady pace (+39% year over year). Diluted EPS is up 63% year over year at $2.15. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−15.2pp
Theme return
−20.2%
Beating SPY
0 of 14
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$141.2B
Avg Volume (60D)
1.2M
60 sessions
Revenue Growth YoY
+17.4%
FY2025 vs FY2024
Gross Margin
+59.5%
Trailing twelve months
Operating Margin
+58.6%
Trailing twelve months
Free Cash Flow Yield
+4.0%
Distance from 200DMA
-8.9%
Next Earnings
2027-01-26
P/E
22.2x
EV / EBITDA
12.9x
EV / Sales
8.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+39% year over year). Diluted EPS is up 63% year over year at $2.15.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthGrowing
+39%
$4.70B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +39%
  2. +36%
  3. +41%
  4. +39%
Earnings growthGrowing
+63%
Diluted EPS $2.15 vs $1.32 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +59%
  2. +67%
  3. +72%
  4. +63%
Operating marginExpanding
59.9%
+7.6 pp YoY

Business Quality

8.6 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say fair; peers is the dissenting view.
Southern Copper Corporation has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Large-scale integrated copper producer with mining, concentrating, smelting and refining operations in Mexico and Peru; it also produces molybdenum, silver, zinc and other by-products. SCCO is a direct copper-supply exposure rather than a vague downstream electrification proxy.
Opportunity
Moderate opportunity
Long-cycle development and operation of copper and polymetallic mine supply that supports geographically diversified availability of strategically important industrial minerals.
Key risk
Commodity price volatility.

Economic classification

Loading the economic classification…

Business & Markets

Basic Materials · Copper
What they do

Southern Copper Corporation operates large-scale integrated mining, smelting, and refining facilities to produce copper and other minerals primarily in Mexico and Peru.

How it earns

The company generates revenue through the sale of mined and refined copper and by-products on a transactional basis.

Products & services
Copper cathodes
Molybdenum concentrates
Refined silver
Refined gold
Sulfuric acid
Customers & end markets
Industrial metal consumers
Manufacturing sectors
Electronics and construction industries
Market position

Large-scale integrated copper producer with significant operations in key mining regions, positioning it as a leading commodity supplier.

Demand drivers
High cyclicality

Copper prices and demand are strongly influenced by global economic cycles and industrial activity.