What Is Happening With Southern Copper Stock?

SCCO: Southern Copper logo
SCCO
Southern Copper

Over the past year, Southern Copper (SCCO) surged 117%, fueled by record earnings and investor excitement around the Tia Maria project. Behind the jump: resilient copper prices and a sharp boost in profit margins, even amid some dips—proof that strategic moves and market shifts can power a stock’s climb.

Below is an analytical breakdown of stock movement into key contributing metrics.

  2022025 2022026 Change
Stock Price ($) 88.9 192.8 116.8%
Change Contribution By:
Total Revenues ($ Mil) 10,944.6 12,334.6 12.7%
Net Income Margin (%) 27.7% 31.0% 12.0%
P/E Multiple 23.5 41.5 77.0%
Shares Outstanding (Mil) 798.6 822.7 -2.9%
Cumulative Contribution 116.8%

So what is happening here? The stock soared 117%, driven by a 13% boost in revenue, a 12% rise in net margin, and a strong 77% jump in P/E multiple. Let’s explore the events behind these gains.

Here Is Why Southern Copper Stock Moved

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  • Record 2025 Earnings: Record sales $13.42B & net income $4.33B boosted stock 121.78% in one year.
  • Strong Copper Prices: Firm copper prices & tight supply drove record results, with ~36% YoY increase.
  • Higher Shareholder Ret: Dividend raised to $1.00/share and 1.0085-for-1 stock split announced.
  • Tia Maria Project: Tía María project 25% complete, strengthening long-term supply optionality.
  • Copper Price Dip: Copper prices pulled back from record highs; analysts warn of potential correction.

Our Current Assesment Of SCCO Stock

Opinion: We currently find SCCO stock relatively expensive. 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.

SCCO stock may have seen strong gains recently, but investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.