Southern Copper Downgraded Amid Strong Copper Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 Jan 26
Southern Copper Corp's stock has reached a 52-week high, gaining 3.00% to $160.08.
Despite this increase, Itau BBA analyst Daniel Sasson downgraded the stock from Market Perform to Underperform with a price target of $126, reflecting concerns over potential price corrections due to overbought conditions indicated by an RSI of 71.4. This downgrade may impact investor confidence, especially as the broader market shows weakness with the Nasdaq-100 down 0.11% and the S&P 500 down 0.05%.
Investors are advised to monitor Southern Copper's performance closely, as the stock's recent gains contrast with the cautious outlook from analysts, which could lead to increased volatility in the near term.
Analyst Views on SCCO
Wall Street analysts forecast SCCO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SCCO is 127.95 USD with a low forecast of 90.00 USD and a high forecast of 152.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
0 Buy
5 Hold
5 Sell
Moderate Sell
Current: 188.410
Low
90.00
Averages
127.95
High
152.00
Current: 188.410
Low
90.00
Averages
127.95
High
152.00
About SCCO
Southern Copper Corporation is an integrated copper producer. The Company is engaged in the production of copper, molybdenum, silver, and zinc. The Company’s mining, smelting and refining facilities are located in Peru and Mexico and conducts exploration activities in those countries and in Argentina, Chile and Ecuador. Its segments include the Peruvian operations, Mexican open-pit operations and Mexican underground mining operations. Its Peruvian operations include the Toquepala and Cuajone mine complexes and smelting and refining plants, including a precious metals plant, industrial railroad and port facilities. Its Mexican open-pit operations include the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a precious metals plant and a copper rod plant and support facilities that service both mines. Its Mexican underground mining operations include five underground mines that produce zinc, copper, lead, silver and gold, and a zinc refinery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
