Southern Copper Stock Surged 60%, Here’s Why
Southern Copper (SCCO)’s stock leapt 57%, fueled not just by rising revenue and margin gains, but a soaring P/E multiple reflecting fresh investor optimism. Behind the surge: booming copper prices, Tia Maria milestones, sharp earnings, and savvy cost and by-product strategies—all teasing a deeper story.
| 2022025 | 10302025 | Change | |
|---|---|---|---|
| Stock Price ($) | 89.5 | 140.1 | 56.5% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 10,944.6 | 11,955.5 | 9.2% |
| Net Income Margin (%) | 27.7% | 30.0% | 8.4% |
| P/E Multiple | 23.5 | 31.0 | 32.0% |
| Shares Outstanding (Mil) | 793.5 | 792.5 | 0.1% |
| Cumulative Contribution | 56.5% |
So what is happening here? The stock surged 57%, driven by a 9.2% rise in revenue, an 8.4% boost in net margin, and a strong 32% jump in the P/E multiple. Let’s dive into the moves behind these shifts.
Before we get into details of events that led to stock surge, here is what market wisdom says: Markets reward quality over time, and that’s what High Quality Portfolio captures.
Here Is Why Southern Copper Stock Moved
- Copper Price Surge: Copper prices surged over 27% year-to-date in 2025, reaching record highs above $11,200/mt due to tight supply.
- Tia Maria Progress: Tia Maria project reached 23% completion by Oct 2025; exploitation license granted, targeting 2027 production.
- Strong Earnings: Q1 2025 sales grew 20.1% ($3.12B). Q3 sales increased 15.2% ($3.38B) with $1.35 EPS.
- Cost Efficiency Gains: Operating cash cost net of by-products fell to $0.42/lb in Q3 2025, a 44.7% decrease year-over-year.
- By-product Growth: Zinc production surged 46.3%, silver 16.4%, and molybdenum 8.3% in Q3 2025, aiding revenues.
Our Current Assesment Of SCCO Stock
Opinion: We currently find SCCO stock fairly priced. Why so? Have a look at the full story. Read Buy or Sell SCCO Stock to see what drives our current opinion.
Risk: A good way to gauge risk for SCCO is to check its biggest drops in past market turmoil. It fell nearly 79% in the Global Financial Crisis, 48% in the 2018 correction, about 46% during the Covid crash, and 43% in the inflation shock. Even in less severe downturns, the stock took a serious hit. This shows that no matter how strong the fundamentals, SCCO isn’t immune when markets turn sour.
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