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Southern Copper (SCCO)

Market Price (6/26/2026): $173.17 | Market Cap: $142.3 BilSector: Materials | Industry: Copper

Southern Copper (SCCO)

Market Price (6/26/2026): $173.17
Market Cap: $142.3 Bil
Sector: Materials
Industry: Copper

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.4%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 55%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29%, CFO LTM is 5.7 Bil, FCF LTM is 4.3 Bil

Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Electrification of Everything, Battery Technology & Metals, and Sustainable Resource Management. Show more.

Key risks
SCCO key risks include [1] political and regulatory instability in Peru and Mexico, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.4%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 55%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 29%, CFO LTM is 5.7 Bil, FCF LTM is 4.3 Bil
3 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Electrification of Everything, Battery Technology & Metals, and Sustainable Resource Management. Show more.
4 Key risks
SCCO key risks include [1] political and regulatory instability in Peru and Mexico, Show more.

SCCO in ETFs

Weight = SCCO's share of each fund

IWB0.02%
VYM0.07%
ILF2.6%
IYM1.8%
FNDA0.29%
SPEM0.16%
EEM0.14%
IEMG0.12%
+6 more covered ETFs

Valuation & Metrics

FYE: 12/31SCCO [1]S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]$14.5 Bil—
FY 2026 Sales$16.5 Bil—
FY 2027 Sales$15.9 Bil—
FY 2026 Sales Growth13.7%—
FY 2027 Sales Growth-4.1%8.2%
EARNINGS
LTM Net Income (GAAP) [3]$5.0 Bil—
FY 2026 Net Income (Non-GAAP)$6.2 Bil—
FY 2027 Net Income (Non-GAAP)$5.8 Bil—
FY 2027 Net Income Growth-6.4%15.6%
FY 2026 EPS (Non-GAAP)$7.42—
FY 2027 EPS (Non-GAAP)$6.92—
FY 2027 EPS Growth-6.7%—
VALUATION
FY 2026 P/S8.63.3
FY 2027 P/S9.0—
FY 2026 P/E22.820.3
FY 2027 P/E24.4—

[1] SCCO forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 6/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).
SCCOS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)14.5
Rev Chg Q36.2%8.8%
Rev Chg LTM21.7%7.5%
Rev Chg 3Y Avg13.7%5.9%
PROFITABILITYVERY GOOD
Op Inc LTM ($ Bil)7.9
CFO LTM ($ Bil)5.7
Net Inc LTM ($ Bil)5.0
Op Mgn LTM54.6%18.4%
CFO/Rev LTM39.3%21.4%
Net Inc Mgn34.1%13.0%
VALUATIONHIGH
P/S9.83.3
P/CFO24.915.1
P/FCF33.319.5
P/E28.724.4
STABILITYVERY GOOD
Debt/Equity0.050.21
Cash/Assets0.240.07

AI Analysis | Feedback

MetricValueDateSource
Copper Production Volume234,892 tonnes9302025Link
Molybdenum Production VolumeNot specified in tonnes, but increased by 8.3% in 3Q25 compared to 3Q24.9302025Link
Zinc Production Volume45,482 tonnes9302025Link
Silver Production VolumeNot specified in ounces, but increased by 16.4% in 3Q25 compared to 3Q24.9302025Link
Operating Cash Cost per Pound of Copper (net of by-product credits)$0.429302025Link
Copper Mineral Reserves136.834 billion pounds4262019Link
Number of Employees16,13312312024Link
Projected Annual Copper Production - Tia Maria Project120,000 tonnes7192025Link
Projected Annual Copper Production - Michiquillay Project225,000 tonnes10282025Link
Projected Annual Copper Production - Los Chancas Project130,000 tonnes7282025Link

Price Chart

No Events

Why The Stock Moved

Qualitative Assessment

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Updated on 6/23/2026

Southern Copper (SCCO) stock has lost about 20% since 2/28/2026 because of the following key factors:

1. Declining Copper Prices in Q2 2026.

Southern Copper's stock movement was significantly impacted by a softening trend in global copper prices, a key macroeconomic factor. While copper prices reached record highs in June 2026 at $6.67 USD/Lbs, they subsequently fell to $6.13 USD/Lbs by June 24, 2026, marking a 3.71% decline over the prior month and the lowest level since May 2026. JPMorgan Global Research noted that such declines could signal further downside if global growth headwinds accelerate. The sensitivity of Southern Copper's revenue streams to these commodity price fluctuations directly pressured its stock performance.

2. Persistent Analyst Downgrades and Valuation Concerns.

Throughout the period, Southern Copper faced a series of analyst downgrades and price target reductions, contributing to negative investor sentiment. For example, on February 26, 2026, Bank of America downgraded Southern Copper from "neutral" to "underperform" and raised its price objective to $175.00 from $162.00. On June 17, 2026, JPMorgan Chase & Co. maintained an "underweight" rating, with a price target of $131.50, implying a potential downside of 33.84% from the stock's then-current price. Additionally, by June 20, 2026, the stock was deemed "Overvalued" with a forward P/E ratio of 38.76, significantly above its five-year average of 22.30, and analysts noted a fair value implying a 24.5% overvaluation from its trading price of $190.80. MarketBeat data on June 17, 2026, showed an average analyst rating of "Reduce" and an average target price of $145.94.

Show more
Updated on 6/23/2026

Southern Copper (SCCO) stock has lost about 20% since 2/28/2026 because of the following key factors:

1. Declining Copper Prices in Q2 2026.

Southern Copper's stock movement was significantly impacted by a softening trend in global copper prices, a key macroeconomic factor. While copper prices reached record highs in June 2026 at $6.67 USD/Lbs, they subsequently fell to $6.13 USD/Lbs by June 24, 2026, marking a 3.71% decline over the prior month and the lowest level since May 2026. JPMorgan Global Research noted that such declines could signal further downside if global growth headwinds accelerate. The sensitivity of Southern Copper's revenue streams to these commodity price fluctuations directly pressured its stock performance.

2. Persistent Analyst Downgrades and Valuation Concerns.

Throughout the period, Southern Copper faced a series of analyst downgrades and price target reductions, contributing to negative investor sentiment. For example, on February 26, 2026, Bank of America downgraded Southern Copper from "neutral" to "underperform" and raised its price objective to $175.00 from $162.00. On June 17, 2026, JPMorgan Chase & Co. maintained an "underweight" rating, with a price target of $131.50, implying a potential downside of 33.84% from the stock's then-current price. Additionally, by June 20, 2026, the stock was deemed "Overvalued" with a forward P/E ratio of 38.76, significantly above its five-year average of 22.30, and analysts noted a fair value implying a 24.5% overvaluation from its trading price of $190.80. MarketBeat data on June 17, 2026, showed an average analyst rating of "Reduce" and an average target price of $145.94.

3. Company-Specific Production Decline and Project Execution Risks.

Despite generally strong Q4 2025 and Q1 2026 earnings, company-specific concerns regarding future copper production and the execution of key projects weighed on the stock. Southern Copper's Q4 2025 earnings, released on January 28, 2026, highlighted a forecast for a 4.7% decline in copper production for fiscal year 2026. Actual copper mine production experienced a year-over-year decline of 4.0% due to deteriorating ore grades at several core operations. Furthermore, the company continues to face unresolved political and community risks surrounding its key Peruvian projects like Tia Maria and Los Chancas, adding to operational uncertainties.

4. Increased Financial Leverage from New Debt Offering.

Southern Copper's decision to issue new debt raised concerns about its financial leverage. On June 15, 2026, the company announced a $1.25 billion offering of 5.350% senior unsecured notes due 2036, which was scheduled to close on June 24, 2026. This substantial debt expansion is expected to increase the company's leverage and future interest expense obligations, heightening its exposure to cost inflation and execution risks related to its extensive capital expenditure pipeline exceeding $15 billion.

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Stock Movement Drivers

Fundamental Drivers

The -19.5% change in SCCO stock from 2/28/2026 to 6/25/2026 was primarily driven by a -31.7% change in the company's P/E Multiple.
(LTM values as of)22820266252026Change
Stock Price ($)217.16174.73-19.5%
Change Contribution By: 
Total Revenues ($ Mil)13,42014,5508.4%
Net Income Margin (%)32.3%34.1%5.7%
P/E Multiple42.328.9-31.7%
Shares Outstanding (Mil)8458222.9%
Cumulative Contribution-19.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/25/2026
ReturnCorrelation
SCCO-19.5% 
Market (SPY)7.3%77.6%
Sector (XLB)-2.5%80.8%

Fundamental Drivers

The 30.9% change in SCCO stock from 11/30/2025 to 6/25/2026 was primarily driven by a 18.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)113020256252026Change
Stock Price ($)133.43174.7330.9%
Change Contribution By: 
Total Revenues ($ Mil)12,33514,55018.0%
Net Income Margin (%)31.0%34.1%10.2%
P/E Multiple29.228.9-1.1%
Shares Outstanding (Mil)8378221.8%
Cumulative Contribution30.9%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/25/2026
ReturnCorrelation
SCCO30.9% 
Market (SPY)8.1%59.3%
Sector (XLB)17.1%66.9%

Fundamental Drivers

The 97.0% change in SCCO stock from 5/31/2025 to 6/25/2026 was primarily driven by a 42.3% change in the company's P/E Multiple.
(LTM values as of)53120256252026Change
Stock Price ($)88.68174.7397.0%
Change Contribution By: 
Total Revenues ($ Mil)11,95614,55021.7%
Net Income Margin (%)30.0%34.1%13.8%
P/E Multiple20.328.942.3%
Shares Outstanding (Mil)8228220.0%
Cumulative Contribution97.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/25/2026
ReturnCorrelation
SCCO97.0% 
Market (SPY)26.0%56.7%
Sector (XLB)22.4%58.9%

Fundamental Drivers

The 188.6% change in SCCO stock from 5/31/2023 to 6/25/2026 was primarily driven by a 54.2% change in the company's P/E Multiple.
(LTM values as of)53120236252026Change
Stock Price ($)60.54174.73188.6%
Change Contribution By: 
Total Revenues ($ Mil)10,07814,55044.4%
Net Income Margin (%)26.5%34.1%29.0%
P/E Multiple18.828.954.2%
Shares Outstanding (Mil)8268220.5%
Cumulative Contribution188.6%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/25/2026
ReturnCorrelation
SCCO188.6% 
Market (SPY)82.6%52.2%
Sector (XLB)46.6%61.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SCCO Return-1%4%50%9%62%21%234%
Peers Return69%6%3%-7%64%15%223%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
SCCO Win Rate58%50%58%33%67%50% 
Peers Win Rate54%56%54%46%67%54% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SCCO Max Drawdown-30%-43%-20%-29%-25%-30% 
Peers Max Drawdown-28%-48%-33%-35%-30%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: FCX, TECK, NEM, GOLD. See SCCO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/25/2026 (YTD)

How Low Can It Go

EventSCCOS&P 500
2025 US Tariff Shock
  % Loss-21.5%-18.8%
  % Gain to Breakeven27.4%23.1%
  Time to Breakeven58 days79 days
2024 Yen Carry Trade Unwind
  % Loss-16.6%-7.8%
  % Gain to Breakeven19.9%8.5%
  Time to Breakeven50 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-15.8%-9.5%
  % Gain to Breakeven18.7%10.5%
  Time to Breakeven50 days24 days
2023 SVB Regional Banking Crisis
  % Loss-10.7%-6.7%
  % Gain to Breakeven11.9%7.1%
  Time to Breakeven20 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-26.4%-24.5%
  % Gain to Breakeven35.9%32.4%
  Time to Breakeven46 days427 days
2020 COVID-19 Crash
  % Loss-38.7%-33.7%
  % Gain to Breakeven63.2%50.9%
  Time to Breakeven72 days140 days

Compare to FCX, TECK, NEM, GOLD

In The Past

Southern Copper's stock fell -21.5% during the 2025 US Tariff Shock. Such a loss loss requires a 27.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSCCOS&P 500
2025 US Tariff Shock
  % Loss-21.5%-18.8%
  % Gain to Breakeven27.4%23.1%
  Time to Breakeven58 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-26.4%-24.5%
  % Gain to Breakeven35.9%32.4%
  Time to Breakeven46 days427 days
2020 COVID-19 Crash
  % Loss-38.7%-33.7%
  % Gain to Breakeven63.2%50.9%
  Time to Breakeven72 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-32.6%-19.2%
  % Gain to Breakeven48.3%23.8%
  Time to Breakeven343 days105 days
2014-2016 Oil Price Collapse
  % Loss-31.0%-6.8%
  % Gain to Breakeven44.9%7.3%
  Time to Breakeven296 days15 days
2013 Taper Tantrum
  % Loss-23.8%-0.2%
  % Gain to Breakeven31.3%0.2%
  Time to Breakeven210 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-32.1%-17.9%
  % Gain to Breakeven47.3%21.8%
  Time to Breakeven106 days123 days
2008-2009 Global Financial Crisis
  % Loss-72.6%-53.4%
  % Gain to Breakeven265.1%114.4%
  Time to Breakeven322 days1085 days
Summer 2007 Credit Crunch
  % Loss-23.7%-8.6%
  % Gain to Breakeven31.0%9.5%
  Time to Breakeven33 days47 days

Compare to FCX, TECK, NEM, GOLD

In The Past

Southern Copper's stock fell -21.5% during the 2025 US Tariff Shock. Such a loss loss requires a 27.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Southern Copper (SCCO)

Southern Copper Corporation (SCCO) is a leading integrated metals company primarily engaged in the exploration, mining, smelting, and refining of copper and other minerals. Operating across Peru, Mexico, Argentina, Ecuador, and Chile, the company manages a comprehensive value chain from extracting raw ore to producing finished metal products. Its operations include significant open-pit and underground mines, complemented by extensive processing facilities such as concentrators, smelters, and refineries.

The company's main product is copper, which it processes into various forms including copper concentrates, blister copper, anode copper, and high-purity copper cathodes. Beyond its core copper business, Southern Copper diversifies its output with other valuable minerals. These include molybdenum concentrate, sulfuric acid, refined silver, and gold. The company also produces zinc and lead from its underground mining operations and extracts coal and coke from a dedicated coal mine, further broadening its commodity portfolio.

Southern Copper serves a global market as a key supplier of industrial and precious metals. Its primary customers are typically industries that depend on raw materials such as copper for manufacturing, including the construction, electronics, and automotive sectors. Additionally, its production of silver and gold caters to the precious metals market. With vast exploration concessions across its operating regions, Southern Copper is positioned to continue supplying these critical materials to various global industries.

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Southern Copper (SCCO) is:

  • Like the Freeport-McMoRan of Latin American copper and other metals.
  • Like the ExxonMobil of industrial metal mining and refining.

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  • Copper: Southern Copper mines, concentrates, smelts, and refines copper into various forms, including concentrates, blister, anode, and cathodes.
  • Molybdenum Concentrate: This is produced as a valuable co-product from its copper mining operations.
  • Sulfuric Acid: Generated as a byproduct, primarily from the smelting processes of copper concentrates.
  • Silver: The company produces refined silver as a co-product from its diverse mining activities.
  • Gold: Refined gold is another precious metal produced as a co-product alongside its primary minerals.
  • Zinc: Southern Copper mines and processes zinc, primarily from its underground operations.
  • Lead: Mined and processed alongside zinc, lead is another key mineral produced by the company.
  • Coal and Coke: These are produced from the company's coal mine operations.

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Southern Copper Corporation (symbol: SCCO) Management Team:

Germán Larrea Mota-Velasco, Chairman of the Board

Mr. Larrea Mota-Velasco is the CEO of Grupo México, Mexico's largest mining corporation. He has served as Chairman of the Board of Southern Copper Corporation since December 1999 and was also CEO from December 1999 to October 2004. He has led Grupo México as CEO since 1994 and has been a member of its Board of Directors since 1981. Additionally, he serves as Chairman of the Board and CEO of Grupo Ferroviario Mexicano (Ferromex) since 1997. Mr. Larrea Mota-Velasco founded Grupo Impresa, a printing and publishing company, in 1978, where he was President and CEO until its sale in 1989. He has also been involved with Empresarios Industriales de México and Fondo Inmobiliario de México since 1992.

Oscar Gonzalez Rocha, President, Chief Executive Officer and Director

Mr. Gonzalez Rocha has held the position of President of Southern Copper Corporation since December 1999 and President and Chief Executive Officer since October 21, 2004. He has been a Director of the company since November 1999. With over 40 years of experience in the mining sector, Mr. Gonzalez Rocha is a civil engineer. He also serves as CEO and Director of ASARCO LLC, an integrated U.S. copper producer and affiliate of Southern Copper, since August 2010, and as President and CEO of Americas Mining Corporation since November 1, 2014. Prior to his current roles, he was General Director of Mexicana de Cobre, S.A. de C.V. from 1986 to 1999 and of Buenavista del Cobre S.A. de C.V. from 1990 to 1999.

Raúl Jacob Ruisánchez, Vice President, Finance, Treasurer and Chief Financial Officer

Mr. Jacob Ruisánchez has been the Vice President of Finance and Chief Financial Officer of Southern Copper Corporation since April 18, 2013, and was appointed Treasurer on April 28, 2016. He possesses over 32 years of experience in the mining industry and has contributed to the financing of projects and M&A activities for Southern Copper totaling over US$8 billion. In 2021, Institutional Investor recognized him as the best Chief Financial Officer in the Latin American mining industry. He holds a degree in Economics from Universidad del Pacífico, a Master's in Economics from the University of Texas at Austin, and additional degrees in Applied International Management and Alta Gerencia. From February 2021 to January 2023, he served as President of the Sociedad Nacional de Minería, Petróleo y Energía.

Patricio Ovejas Simon, Executive Vice President

Mr. Ovejas Simon holds a Bachelor’s degree in Engineering from Universidad Anahuac in Mexico City, Mexico.

Juan Fernando Nuñez Chávez, Vice President, Exploration

Mr. Nuñez Chávez is a Geological Engineer with over 40 years of experience in the mining industry, primarily focusing on the exploration of metallic mineral deposits as a geologist.

AI Analysis | Feedback

The key risks to Southern Copper's business are primarily its sensitivity to metal price volatility, particularly copper, followed by economic, political, and regulatory uncertainties in its operating regions, and significant operational challenges including declining ore grades and substantial capital expenditure programs.

Key Risks to Southern Copper (SCCO)

  1. Dependence on Volatile Metal Prices: Southern Copper's financial performance is highly sensitive to the fluctuating prices of copper and other metals. Copper alone accounts for approximately 75.9% of the company's recent revenue, making it particularly vulnerable to market downturns. Extended and significant declines in metal prices, especially copper, could materially adversely impact its results of operations, financial condition, and asset value.
  2. Economic, Political, and Regulatory Risks in Operating Countries: Southern Copper operates extensively in Peru, Mexico, Argentina, Ecuador, and Chile. These operations expose the company to economic and political uncertainties, including currency fluctuations, inflation, and changes in regulatory frameworks. Factors such as new environmental regulations, taxation policies, or social and community conflicts can disrupt operations and negatively affect profitability and mining concessions.
  3. Operational Challenges, Including Declining Ore Grades and Capital Expenditure Execution Risk: The company faces inherent operational risks common to the mining industry, such as industrial accidents and geological conditions. More specifically, Southern Copper is projected to experience a decline in copper production from 2025 to 2027 due to deteriorating ore grades at some of its Peruvian mines, which can negatively impact future earnings and operational efficiency. Furthermore, Southern Copper has a massive, multi-year capital expenditure program, exceeding $15 billion through 2033, which introduces significant execution risk. Successfully funding and completing these large-scale investments while navigating commodity price volatility is a critical near-term risk.

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Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals. The addressable markets for its main products are global, and their estimated sizes are as follows:

  • Copper: The global copper market size was estimated at USD 241.88 billion in 2024 and is projected to reach USD 339.95 billion by 2030. Another estimate places the global copper market at USD 291.12 billion in 2025, anticipated to reach USD 442.04 billion by 2034.
  • Molybdenum: The global molybdenum market size was valued at USD 4.96 billion in 2025 and is projected to grow to USD 7.91 billion by 2034. In terms of volume, the market size was 6,000.8 Tons in 2025.
  • Zinc: The global zinc market size was valued at USD 27.2 billion in 2024 and is poised to grow to USD 52.14 billion by 2033.
  • Lead: The global lead market size was valued at USD 23.55 billion in 2025 and is expected to reach USD 39.26 billion by 2034. Another source indicates the global lead market was valued at USD 29.9 billion in 2025.
  • Silver: The global silver market size was valued at USD 87.12 billion in 2024 and is projected to grow to USD 202.07 billion by 2033.
  • Gold: The global gold market was valued at USD 291.68 billion in 2024 and is projected to reach USD 400 billion by the end of 2030. In terms of volume, the global gold market size stood at 4,890.0 Tons in 2025.
  • Sulfuric Acid: The global sulfuric acid market size is estimated to reach between USD 25 billion and USD 27 billion in 2025.

AI Analysis | Feedback

Southern Copper Corporation (SCCO) is poised for future revenue growth over the next 2-3 years, driven by a confluence of favorable market dynamics and strategic operational expansions.

Here are 3-5 expected drivers of future revenue growth:

  1. Surging Global Copper Demand and Favorable Prices: The demand for copper is projected to increase significantly due to its critical role in renewable energy technologies, electric vehicles, artificial intelligence data centers, and global infrastructure development. This structural deficit in the copper market is expected to support bullish copper price outlooks, directly boosting Southern Copper's revenue. Analysts anticipate a 17% annualized growth in revenue by the end of 2026 for Southern Copper, ranking favorably against an industry forecast of 9.3% annually.
  2. Commissioning and Ramp-up of Key Copper Projects: Southern Copper has significant capital investments planned for new projects designed to expand its copper production capacity. The Tia Maria project in Arequipa, Peru, is expected to commence operations in 2027, adding an annual capacity of 120,000 tons of SX-EW copper cathodes. Additionally, the El Pilar project in Mexico is anticipated to start in 2028 or 2029, contributing approximately 36,000 tons of copper cathodes annually. These projects are crucial for increasing the company's copper sales volumes in the coming years.
  3. Increased Production and Sales of By-products (Zinc, Silver, Molybdenum): Beyond copper, Southern Copper expects substantial growth in the production and sales of its by-products. The Buenavista zinc concentrator is operating at full capacity, contributing to a projected 34% increase in zinc production for 2025. Furthermore, silver output is expected to rise by 10%, and molybdenum production by 4% in 2025, with strong performance in these areas already noted in recent financial reports. Higher sales volumes and improved prices for these minerals will continue to enhance the company's overall revenue.

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Share Repurchases

Southern Copper Corporation did not make any share repurchases over the last 3-5 years, with share buybacks for SCCO stock reported as $0.00.

Share Issuance

Southern Copper Corporation declared a stock dividend of 0.0085 shares of common stock per share of common stock, payable on February 27, 2026. Additionally, a stock dividend of 0.0101 shares per share was declared on July 24, 2025, payable on September 4, 2025.

Capital Expenditures

Southern Copper Corporation's capital expenditures have shown an upward trend, reaching $1,325.3 million in 2025, an increase from $892.3 million in 2021. Capital investments were $1,027.3 million in 2024 and $1,008.6 million in 2023. For 2025, the Board of Directors approved a capital investment program of $1,598.0 million. The company's capital investment program for this decade exceeds $20.5 billion, focusing on projects in Peru and Mexico, with a significant portion, around $10.3 billion, earmarked for Peru over the next decade. Key capital expenditure focuses include modernization of assets (50% of funds invested in Mexico in 2025) and water and tailings management (43% in Mexico in 2025). Major projects include the Tía María project in Peru, with an estimated budget of $1.8 billion and expected annual production of 120,000 tons of copper cathodes from 2028, which was 24% complete by year-end 2025. Other significant Peruvian projects are Los Chancas, with an estimated capital investment of $2.6 billion, and Michiquillay, estimated at $2.5 billion. In Mexico, the new tailings deposit in Buenavista received $252.0 million in 2025, and the El Pilar project has a budget of $310 million, expected to produce 36,000 tons of copper cathodes annually starting in 2028.

Better Bets vs. Southern Copper (SCCO)

SECTOR: Materials

Higher Rev Chg 3Y Avg | Lower P/S (Values for SCCO: 13.7% | 9.9x)

NEM (30.0% | 4.1x)
Newmont
AEM (32.5% | 5.8x)
Agnico Eagle Mines
B (21.8% | 3.2x)
Barrick Mining
AU (40.8% | 3.6x)
Anglogold Ashanti
KGC (29.7% | 3.6x)
Kinross Gold

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SCCO: 13.7% | 18.1x)

NEM (30.0% | 7.7x)
Newmont
AEM (32.5% | 10.1x)
Agnico Eagle Mines
B (21.8% | 6.3x)
Barrick Mining
AU (40.8% | 7.6x)
Anglogold Ashanti
KGC (29.7% | 7.2x)
Kinross Gold

Higher Rev Chg LTM (Value for SCCO: 21.7%)

FNV (71.8%)
Franco-Nevada
AU (69.6%)
Anglogold Ashanti
AEM (51.7%)
Agnico Eagle Mines
B (43.1%)
Barrick Mining
NEM (26.9%)
Newmont

Higher Rev Chg 3Y Avg (Value for SCCO: 13.7%)

AU (40.8%)
Anglogold Ashanti
AEM (32.5%)
Agnico Eagle Mines
NEM (30.0%)
Newmont
FNV (23.2%)
Franco-Nevada
B (21.8%)
Barrick Mining

Higher Op Mgn LTM (Value for SCCO: 54.6%)

OR (75.0%)
OR Royalties
FNV (74.5%)
Franco-Nevada
RGLD (64.2%)
Royal Gold
TFPM (59.6%)
Triple Flag Precious Metals
AEM (56.9%)
Agnico Eagle Mines

Higher CFO/Rev LTM (Value for SCCO: 39.3%)

FNV (82.0%)
Franco-Nevada
AEM (52.6%)
Agnico Eagle Mines
AU (51.7%)
Anglogold Ashanti
NEM (48.4%)
Newmont
B (47.4%)
Barrick Mining

Higher FCF/Rev LTM (Value for SCCO: 29.4%)

KGC (38.1%)
Kinross Gold
AU (37.6%)
Anglogold Ashanti
NEM (37.0%)
Newmont
AEM (33.4%)
Agnico Eagle Mines
PAAS (32.8%)
Pan American Silver

Higher Total Yield (Value for SCCO: 5.4%)

AU (14.7%)
Anglogold Ashanti
B (12.2%)
Barrick Mining
NEM (9.2%)
Newmont
AEM (7.8%)
Agnico Eagle Mines
APD (5.9%)
Air Products and Chemicals

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for SCCO: 13.7% | 9.9x)

GOOGL (14.1% | 9.8x)
Alphabet
MSFT (15.3% | 8.2x)
Microsoft
META (22.4% | 6.4x)
Meta Platforms
BRK-B (15.3% | 2.5x)
Berkshire Hathaway
GE (16.1% | 8.0x)
GE Aerospace

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SCCO: 13.7% | 18.1x)

MSFT (15.3% | 17.6x)
Microsoft
META (22.4% | 15.5x)
Meta Platforms
BLK (14.0% | 18.0x)
BlackRock
BKNG (15.2% | 14.7x)
Booking
RCL (20.5% | 17.0x)
Royal Caribbean

Higher Rev Chg LTM (Value for SCCO: 21.7%)

MU (85.5%)
Micron Technology
NVDA (70.7%)
NVIDIA
LLY (47.4%)
Eli Lilly
AVGO (32.3%)
Broadcom
META (26.2%)
Meta Platforms

Higher Rev Chg 3Y Avg (Value for SCCO: 13.7%)

NVDA (121.7%)
NVIDIA
AVGO (29.3%)
Broadcom
META (22.4%)
Meta Platforms
MSFT (15.3%)
Microsoft
GOOGL (14.1%)
Alphabet

Higher Op Mgn LTM (Value for SCCO: 54.6%)

APP (77.1%)
AppLovin
V (67.1%)
Visa
NVDA (64.0%)
NVIDIA
MO (60.5%)
Altria
MA (59.5%)
Mastercard

Higher CFO/Rev LTM (Value for SCCO: 39.3%)

META (57.7%)
Meta Platforms
MSFT (53.5%)
Microsoft
NVDA (49.6%)
NVIDIA
AVGO (44.6%)
Broadcom
GOOGL (41.3%)
Alphabet

Higher FCF/Rev LTM (Value for SCCO: 29.4%)

MA (50.3%)
Mastercard
V (49.2%)
Visa
NVDA (47.0%)
NVIDIA
AVGO (43.4%)
Broadcom
ABBV (31.8%)
AbbVie

Higher Total Yield (Value for SCCO: 5.4%)

BRK-B (6.9%)
Berkshire Hathaway
JPM (6.5%)
JPMorgan Chase
MSFT (5.8%)
Microsoft
JNJ (5.7%)
Johnson & Johnson
META (5.5%)
Meta Platforms

Best Bets in Materials

What You Pay

P/EBIT (Value for SCCO: 17.7x)

RGLD (21.7x)
Royal Gold
SCCO (17.7x)
Southern Copper
USLM (20.0x)
United States Lime & Minerals
CF (5.8x)
CF Industries
NEM (7.6x)
Newmont
B (5.5x)
Barrick Mining
SSRM (8.3x)
SSR Mining
SON (5.4x)
Sonoco Products
CDE (11.0x)
Coeur Mining
ARIS (8.0x)
Aris Mining

P/E (Value for SCCO: 28.9x)

RGLD (27.3x)
Royal Gold
SCCO (28.9x)
Southern Copper
USLM (23.5x)
United States Lime & Minerals
CF (9.3x)
CF Industries
NEM (12.2x)
Newmont
B (10.1x)
Barrick Mining
SSRM (25.4x)
SSR Mining
SON (5.3x)
Sonoco Products
CDE (13.8x)
Coeur Mining
ARIS (17.8x)
Aris Mining
What You Get

Rev Chg 3Y Avg (Value for SCCO: 13.7%)

RGLD (32.4%)
Royal Gold
SCCO (13.7%)
Southern Copper
USLM (13.6%)
United States Lime & Minerals
CF (-6.5%)
CF Industries
NEM (30.0%)
Newmont
B (21.8%)
Barrick Mining
SSRM (25.7%)
SSR Mining
SON (10.4%)
Sonoco Products
CDE (54.5%)
Coeur Mining
ARIS (47.3%)
Aris Mining

Rev Chg LTM (Value for SCCO: 21.7%)

RGLD (71.0%)
Royal Gold
SCCO (21.7%)
Southern Copper
USLM (9.5%)
United States Lime & Minerals
CF (20.9%)
CF Industries
NEM (26.9%)
Newmont
B (43.1%)
Barrick Mining
SSRM (75.1%)
SSR Mining
SON (31.2%)
Sonoco Products
CDE (113.7%)
Coeur Mining
ARIS (103.9%)
Aris Mining

Rev Chg Q (Value for SCCO: 36.2%)

RGLD (142.5%)
Royal Gold
SCCO (36.2%)
Southern Copper
USLM (-3.7%)
United States Lime & Minerals
CF (19.4%)
CF Industries
NEM (45.8%)
Newmont
B (66.7%)
Barrick Mining
SSRM (83.7%)
SSR Mining
SON (-1.9%)
Sonoco Products
CDE (137.8%)
Coeur Mining
ARIS (136.5%)
Aris Mining

FCF/Rev 3Y Avg (Value for SCCO: 26.2%)

RGLD (35.2%)
Royal Gold
SCCO (26.2%)
Southern Copper
USLM (25.8%)
United States Lime & Minerals
CF (20.1%)
CF Industries
NEM (19.7%)
Newmont
B (14.7%)
Barrick Mining
SSRM (11.0%)
SSR Mining
SON (5.2%)
Sonoco Products
CDE (4.0%)
Coeur Mining
ARIS (2.5%)
Aris Mining
[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.8%, and sharpe of 0.46

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Earn 15% Today or Buy SCCO 30% Cheaper - It's a Win-Win06/02/2026
2How Low Can SCCO Really Go In A Market Crash?05/20/2026
3How To Earn 15% Yield While Waiting to Buy SCCO 30% Cheaper04/28/2026
4Southern Copper Stock Jumps 11% In A Week, Things To Be Wary Of When Buying The Stock04/03/2026
5Is ... Fall In Southern Copper (SCCO) Stock A Buying Opportunity?03/14/2026
6Why Southern Copper Stock Jumped 130%?03/11/2026
7Southern Copper Stock (-7.2%): BofA Downgrade and China Fears Sink Shares03/06/2026
8With Southern Copper Stock Sliding, Have You Assessed The Risk?03/04/2026
9How Does Southern Copper Stock Stack Up Against Its Peers?03/03/2026
10SCCO Stock Surges 14% With A 9-day Winning Spree On Analyst Upgrade To Buy03/03/2026
11ARTICLES 
12The Bear Case: How SCCO Behaves During Market Shocks05/20/2026
13Southern Copper Stock To $222?03/14/2026
14Southern Copper Stock To $247?03/10/2026
15Would You Still Hold Southern Copper Stock If It Fell Another 30%?03/04/2026
16SCCO Stock Surges 16% With A 9-day Spree On Copper Deficit Frenzy03/03/2026
Title
0DASHBOARDS
1Earn 15% Today or Buy SCCO 30% Cheaper - It's a Win-Win
2How Low Can SCCO Really Go In A Market Crash?
3How To Earn 15% Yield While Waiting to Buy SCCO 30% Cheaper
4Southern Copper Stock Jumps 11% In A Week, Things To Be Wary Of When Buying The Stock
5Is ... Fall In Southern Copper (SCCO) Stock A Buying Opportunity?
6Why Southern Copper Stock Jumped 130%?
7Southern Copper Stock (-7.2%): BofA Downgrade and China Fears Sink Shares
8With Southern Copper Stock Sliding, Have You Assessed The Risk?
9How Does Southern Copper Stock Stack Up Against Its Peers?
10SCCO Stock Surges 14% With A 9-day Winning Spree On Analyst Upgrade To Buy
11ARTICLES
12The Bear Case: How SCCO Behaves During Market Shocks
13Southern Copper Stock To $222?
14Southern Copper Stock To $247?
15Would You Still Hold Southern Copper Stock If It Fell Another 30%?
16SCCO Stock Surges 16% With A 9-day Spree On Copper Deficit Frenzy

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Financials

SCCOFCXTECKNEMGOLDMedian
NameSouthern.Freeport.Teck Res.Newmont Gold.com  
Mkt Price174.7362.8059.0095.3541.4562.80
Mkt Cap143.690.428.9103.51.190.4
Rev LTM14,55026,42112,40924,96623,02023,020
Op Inc LTM7,9466,6372,59013,4921406,637
FCF LTM4,2761,7526699,2382071,752
FCF 3Y Avg3,2301,505-1634,515851,505
CFO LTM5,7256,0473,01812,0882205,725
CFO 3Y Avg4,4196,1652,7627,588984,419

Growth & Margins

SCCOFCXTECKNEMGOLDMedian
NameSouthern.Freeport.Teck Res.Newmont Gold.com  
Rev Chg LTM21.7%6.3%27.5%26.9%109.4%26.9%
Rev Chg 3Y Avg13.7%7.0%-3.2%30.0%47.0%13.7%
Rev Chg Q36.2%8.8%72.2%45.8%244.0%45.8%
QoQ Delta Rev Chg LTM8.4%2.0%15.4%10.1%46.8%10.1%
Op Inc Chg LTM34.7%1.6%152.9%93.6%201.5%93.6%
Op Inc Chg 3Y Avg24.8%4.5%25.8%195.9%34.0%25.8%
Op Mgn LTM54.6%25.1%20.9%54.0%0.6%25.1%
Op Mgn 3Y Avg48.5%25.9%13.9%32.7%0.7%25.9%
QoQ Delta Op Mgn LTM2.4%0.0%7.6%5.4%0.3%2.4%
CFO/Rev LTM39.3%22.9%24.3%48.4%1.0%24.3%
CFO/Rev 3Y Avg36.1%24.7%27.0%36.8%0.5%27.0%
FCF/Rev LTM29.4%6.6%5.4%37.0%0.9%6.6%
FCF/Rev 3Y Avg26.2%6.0%-2.5%19.7%0.4%6.0%

Valuation

SCCOFCXTECKNEMGOLDMedian
NameSouthern.Freeport.Teck Res.Newmont Gold.com  
Mkt Cap143.690.428.9103.51.190.4
P/S9.93.42.34.10.03.4
P/Op Inc18.113.611.17.78.111.1
P/EBIT17.712.08.87.66.68.8
P/E28.933.115.612.214.115.6
P/CFO25.114.99.68.65.29.6
Total Yield5.4%4.0%7.3%9.2%8.0%7.3%
Dividend Yield1.9%1.0%0.8%1.1%0.9%1.0%
FCF Yield 3Y Avg3.3%2.2%-0.8%5.3%9.8%3.3%
D/E0.10.10.30.10.60.1
Net D/E0.00.10.2-0.00.50.1

Returns

SCCOFCXTECKNEMGOLDMedian
NameSouthern.Freeport.Teck Res.Newmont Gold.com  
1M Rtn-8.0%-2.4%-9.4%-14.4%-3.9%-8.0%
3M Rtn9.9%12.7%21.6%-3.8%5.3%9.9%
6M Rtn19.1%21.5%27.1%-8.6%20.2%20.2%
12M Rtn84.5%52.7%55.4%66.0%97.3%66.0%
3Y Rtn165.3%66.0%50.8%138.3%27.1%66.0%
1M Excs Rtn-5.8%-0.3%-7.2%-12.2%-1.7%-5.8%
3M Excs Rtn-5.5%-1.4%5.7%-17.5%-15.0%-5.5%
6M Excs Rtn13.0%17.6%24.1%-15.7%17.0%17.0%
12M Excs Rtn64.1%30.5%33.4%45.1%77.8%45.1%
3Y Excs Rtn95.8%-2.2%-19.8%68.7%-42.6%-2.2%

Comparison Analyses

Financials

$ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
Filing Date4/30/20262/27/202610/31/20257/31/20254/30/20253/3/202510/31/20248/2/20244/30/20242/29/202411/1/20238/1/2023
Key Financials Quarterly            
Total Revenue4,2513,8703,3773,0513,1222,7842,9313,1182,6002,2962,5062,301
Ebitda2,7602,3602,0231,8441,7941,5461,7231,8241,4451,0771,3111,139
Operating Income2,4802,1101,7691,5871,5361,3071,4501,6071,1908691,069901
Net Income1,5771,3081,108973946794897950736445620548
EPS1.921.551.331.181.150.971.101.180.920.540.760.67
Key Financials TTM            
Total Revenue TTM14,55013,42012,33511,88811,95611,43310,94510,5199,7029,89610,42010,072
Ebitda TTM8,9878,0227,2086,9076,8876,5376,0685,6574,9725,1165,6895,403
Operating Income TTM7,9467,0026,1995,8805,9005,5555,1164,7354,0284,1924,6944,412
Net Income TTM4,9664,3353,8213,6103,5873,3773,0282,7512,3482,4252,8832,782
Growth Rates Quarterly            
Total Revenue Growth36.2%39.0%15.2%-2.2%20.1%21.3%17.0%35.5%-6.9%-18.6%16.2%-0.3%
EBITDA Growth53.8%52.7%17.4%1.1%24.2%43.6%31.4%60.1%-9.1%-34.7%27.9%11.0%
Operating Income Growth61.5%61.4%22.0%-1.3%29.1%50.5%35.6%78.5%-12.1%-36.6%35.8%11.4%
Net Income Growth66.7%64.7%23.5%2.4%28.5%78.4%44.7%73.6%-9.5%-50.7%19.4%26.6%
Margins Quarterly            
EBITDA Margin64.9%61.0%59.9%60.4%57.5%55.5%58.8%58.5%55.6%46.9%52.3%49.5%
Operating Income Margin58.3%54.5%52.4%52.0%49.2%47.0%49.5%51.5%45.8%37.8%42.7%39.1%
Net Income Margin37.1%33.8%32.8%31.9%30.3%28.5%30.6%30.5%28.3%19.4%24.7%23.8%
Cash & Debt            
Total Cash5,3504,9094,5264,0104,3343,5032,9742,2041,5821,7512,2142,199
Total Debt7,4027,4147,4337,4497,9686,9986,9827,0027,0137,0307,0417,066
Net Debt / (Cash)2,0522,5042,9073,4393,6333,4944,0094,7985,4315,2794,8264,867
Cash Flows Quarterly            
FCF from Operations1,6941,4941,5609777211,3601,4399626605411,050797
Cash Flows TTM            
FCF from Operations TTM5,7254,7524,6184,4984,4834,4223,6023,2133,0483,5734,1143,654
Returns to Shareholders Quarterly            
Dividends8197316435575535504690618773773773
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC94.4%94.0%89.8%86.7%99.1%96.0%91.3%83.3%55.5%36.7%54.2%48.3%
Return on Invested Capital (ROIC) TTM            
ROIC TTM75.6%78.0%78.2%81.2%94.2%100.4%78.7%60.3%45.7%48.9%62.3%59.6%

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Mexican Open-pit7,6236,3175,5625,7736,109
Peruvian Operations5,2484,6053,8543,9084,371
Mexican Industrial Minera Mexico, S.A. de C.V. and subsidiaries (IMMSA) Unit808704631666454
Corporate, other and eliminations-258-192-152-300 
Total13,42011,4339,89610,04810,934


Operating Income by Segment
$ Mil20252024202320222021
Mexican Open-pit4,2753,3842,7752,9553,698
Peruvian Operations2,6012,0921,4731,4682,333
Mexican Industrial Minera Mexico, S.A. de C.V. and subsidiaries (IMMSA) Unit162129-46189
Corporate, other and eliminations-37-51-52-47-55
Total7,0025,5554,1924,4366,065


Assets by Segment
$ Mil20252024202320222021
Mexican Open-pit9,5618,6058,6968,8368,560
Peruvian Operations5,6645,2784,6364,8714,933
Corporate, other and eliminations4,7753,6262,2282,4703,807
Mexican Industrial Minera Mexico, S.A. de C.V. and subsidiaries (IMMSA) Unit1,3811,2041,1661,101998
Total21,38118,71416,72517,27718,298


Price Behavior

Price Behavior
Market Price$174.73 
Market Cap ($ Bil)143.6 
First Trading Date12/29/2006 
Distance from 52W High-19.7% 
   50 Days200 Days
DMA Price$182.56$161.56
DMA Trendupup
Distance from DMA-4.3%8.2%
 3M1YR
Volatility56.3%50.3%
Downside Capture344.55230.20
Upside Capture223.74250.44
Correlation (SPY)75.1%57.3%
SCCO Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta4.213.332.962.322.111.37
Up Beta5.023.293.172.582.461.29
Down Beta4.515.132.111.381.471.24
Up Capture348%205%261%402%479%467%
Bmk +ve Days13283667141432
Stock +ve Days10182973140404
Down Capture471%505%328%198%160%109%
Bmk -ve Days7132757109318
Stock -ve Days10233451110347

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SCCO
SCCO85.3%50.2%1.39-
Sector ETF (XLB)20.1%17.5%0.8959.0%
Equity (SPY)22.1%12.4%1.3357.2%
Gold (GLD)20.8%27.7%0.6760.0%
Commodities (DBC)23.3%18.5%0.995.6%
Real Estate (VNQ)11.6%13.8%0.5518.7%
Bitcoin (BTCUSD)-42.9%42.5%-1.2028.8%

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Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SCCO
SCCO29.6%39.9%0.76-
Sector ETF (XLB)6.9%19.0%0.2662.7%
Equity (SPY)13.3%17.1%0.6049.0%
Gold (GLD)17.4%18.3%0.7743.3%
Commodities (DBC)7.9%19.5%0.3033.7%
Real Estate (VNQ)2.8%18.9%0.0533.0%
Bitcoin (BTCUSD)9.8%54.1%0.3822.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with SCCO
SCCO25.6%37.6%0.72-
Sector ETF (XLB)10.4%20.7%0.4565.3%
Equity (SPY)15.3%18.0%0.7354.7%
Gold (GLD)11.6%16.1%0.5930.3%
Commodities (DBC)5.9%18.0%0.2537.6%
Real Estate (VNQ)5.5%20.7%0.2337.5%
Bitcoin (BTCUSD)56.4%66.5%0.9719.1%

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Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity11.4 Mil
Short Interest: % Change Since 5312026-3.7%
Average Daily Volume1.4 Mil
Days-to-Cover Short Interest7.9 days
Basic Shares Quantity821.7 Mil
Short % of Basic Shares1.4%

Returns Analyses

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/29/20261.9%9.2%14.2%
1/28/20264.9%-1.1%10.7%
10/29/2025-1.1%-4.1%-4.3%
7/29/2025-6.3%-2.2%0.4%
4/25/2025-1.6%-6.3%-2.9%
2/12/20252.4%4.7%0.3%
10/22/20241.9%2.2%-7.1%
7/19/20240.6%1.1%1.6%
...
SUMMARY STATS   
# Positive131114
# Negative111310
Median Positive1.9%3.4%6.6%
Median Negative-1.3%-2.7%-4.3%
Max Positive4.9%14.0%27.1%
Max Negative-6.3%-8.0%-9.8%
 Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/29/20261.9%9.2%14.2%
1/28/20264.9%-1.1%10.7%
10/29/2025-1.1%-4.1%-4.3%
7/29/2025-6.3%-2.2%0.4%
4/25/2025-1.6%-6.3%-2.9%
2/12/20252.4%4.7%0.3%
10/22/20241.9%2.2%-7.1%
7/19/20240.6%1.1%1.6%
4/26/20244.6%1.1%6.2%
2/2/2024-2.5%-1.9%-1.1%
10/25/20231.5%3.4%8.1%
7/28/20231.5%-0.2%-6.2%
4/27/20231.8%-0.7%-9.8%
2/3/2023-1.1%-2.7%-2.8%
10/28/2022-0.3%14.0%27.1%
7/27/2022-0.9%-3.8%6.4%
5/3/20223.5%-8.0%5.0%
2/2/2022-1.3%5.9%21.4%
10/27/20210.8%-3.6%-4.3%
7/27/20210.3%0.7%-2.6%
4/28/2021-1.4%-0.7%-4.4%
1/27/20212.6%0.7%6.7%
10/27/2020-1.0%3.8%16.5%
7/28/2020-1.4%-2.9%6.0%
SUMMARY STATS   
# Positive131114
# Negative111310
Median Positive1.9%3.4%6.6%
Median Negative-1.3%-2.7%-4.3%
Max Positive4.9%14.0%27.1%
Max Negative-6.3%-8.0%-9.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202604/30/202610-Q
12/31/202502/27/202610-K
09/30/202510/31/202510-Q
06/30/202507/31/202510-Q
03/31/202504/30/202510-Q
12/31/202403/03/202510-K
09/30/202410/31/202410-Q
06/30/202408/02/202410-Q
03/31/202404/30/202410-Q
12/31/202302/29/202410-K
09/30/202311/01/202310-Q
06/30/202308/01/202310-Q
03/31/202305/02/202310-Q
12/31/202202/28/202310-K
09/30/202210/31/202210-Q
06/30/202207/27/202210-Q
 Collapse to Preview
Report DateFiling DateFiling
03/31/202604/30/202610-Q
12/31/202502/27/202610-K
09/30/202510/31/202510-Q
06/30/202507/31/202510-Q
03/31/202504/30/202510-Q
12/31/202403/03/202510-K
09/30/202410/31/202410-Q
06/30/202408/02/202410-Q
03/31/202404/30/202410-Q
12/31/202302/29/202410-K
09/30/202311/01/202310-Q
06/30/202308/01/202310-Q
03/31/202305/02/202310-Q
12/31/202202/28/202310-K
09/30/202210/31/202210-Q
06/30/202207/27/202210-Q
03/31/202205/05/202210-Q
12/31/202103/07/202210-K
09/30/202111/01/202110-Q
06/30/202107/27/202110-Q
03/31/202104/30/202110-Q
12/31/202002/26/202110-K
09/30/202010/28/202010-Q
06/30/202007/31/202010-Q
03/31/202005/04/202010-Q
12/31/201902/28/202010-K
09/30/201910/28/201910-Q
06/30/201907/26/201910-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 4/29/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Production Target 1.60 Mil 0 Same NewGuidance: 1.60 Mil for 2033
2026 Capital Investment Program 20.50 Bil    
2026 Peruvian Projects Investment 10.30 Bil    
2026 Mexican Projects Investment 10.20 Bil    

Prior: Q4 2025 Earnings Reported 1/28/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2033 Copper Production 1.60 Mil 0 Same NewActual: 1.60 Mil for 2030
2047 Tia Maria Export Revenue 18.20 Bil    
2030 Los Chancas Copper Production 0.13 Mil    
2030 Los Chancas Molybdenum Production 7,500    
2032 Michiquillay Copper Production 0.23 Mil    

Insider Activity

Updated 6/5/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Palomino, Bonilla Luis MiguelDirectSell6052026181.004724308,243Form
2Palomino, Bonilla Luis MiguelDirectSell6022026200.0010020,000341,400Form
3Palomino, Bonilla Luis MiguelDirectSell5222026177.8220035,565321,330Form
4Palomino, Bonilla Luis MiguelDirectSell5182026178.2010017,820357,647Form
5Palomino, Bonilla Luis MiguelDirectSell3182026174.6019333,698298,042Form
 Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Palomino, Bonilla Luis MiguelDirectSell6052026181.004724308,243Form
2Palomino, Bonilla Luis MiguelDirectSell6022026200.0010020,000341,400Form
3Palomino, Bonilla Luis MiguelDirectSell5222026177.8220035,565321,330Form
4Palomino, Bonilla Luis MiguelDirectSell5182026178.2010017,820357,647Form
5Palomino, Bonilla Luis MiguelDirectSell3182026174.6019333,698298,042Form
6Palomino, Bonilla Luis MiguelDirectSell3182026190.0071,330361,000Form
7Castillo, Sanchez Mejorada EnriqueDirectSell3022026217.394,587997,168130,434Form
8Contreras, Lerdo DE Tejada LeonardoDirectSell2032026211.349,2481,954,426126,801Form
9Palomino, Bonilla Luis MiguelDirectSell12032025139.0040055,600175,835Form
10Palomino, Bonilla Luis MiguelDirectSell11122025140.0014820,720233,100Form
11Palomino, Bonilla Luis MiguelDirectSell11072025137.5010013,750249,288Form
12Palomino, Bonilla Luis MiguelDirectSell11052025135.0010013,500258,255Form
13Palomino, Bonilla Luis MiguelDirectSell11042025131.9010013,190265,515Form
14Palomino, Bonilla Luis MiguelDirectSell11032025139.3520027,870238,707Form
15Palomino, Bonilla Luis MiguelDirectSell9122025105.4420021,088201,707Form
16Palomino, Bonilla Luis MiguelDirectSell9042025101.0021421,614213,413Form
17Palomino, Bonilla Luis MiguelDirectSell8122025100.0041441,400232,700Form
18Palomino, Bonilla Luis MiguelDirectSell811202597.5040039,000267,248Form
19Palomino, Bonilla Luis MiguelDirectSell610202595.0040038,000260,395Form

Industry Resources

External Quote Links


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Core Cache Last Updated: 6/25/2026