Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant in Mexico. The company also operates Buenavista, an open-pit copper mine, as well as two copper concentrators and two operating SX-EW plants in Mexico. In addition, it operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery. The company has interests in 59,252 hectares of exploration concessions in Peru; 503,104 hectares of exploration concessions in Mexico; 229,312 hectares of exploration concessions in Argentina; 27,353 hectares of exploration concessions in Chile; and 7,299 hectares of exploration concessions in Ecuador. Southern Copper Corporation was incorporated in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation is a subsidiary of Americas Mining Corporation.
IPO Year:
Exchange: NYSE
Website: southerncoppercorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/11/2025 | Underperform → Market Perform | Itau BBA | |
| 3/13/2025 | $120.00 | Neutral → Buy | UBS |
| 12/12/2024 | $106.30 → $102.00 | Underweight → Equal-Weight | Morgan Stanley |
| 12/2/2024 | $92.50 | Underweight → Neutral | Analyst |
| 7/12/2024 | $120.00 | Neutral | UBS |
| 4/22/2024 | $80.00 | Hold → Reduce | HSBC Securities |
| 3/22/2024 | $91.00 → $130.00 | Hold → Buy | Jefferies |
| 11/27/2023 | $83.00 → $68.00 | Equal-Weight → Underweight | Morgan Stanley |
| 9/18/2023 | $91.00 | Hold | Jefferies |
| 5/10/2023 | $65.00 → $66.00 | Neutral → Sell | Goldman |
Itau BBA upgraded Southern Copper from Underperform to Market Perform
UBS upgraded Southern Copper from Neutral to Buy and set a new price target of $120.00
Morgan Stanley upgraded Southern Copper from Underweight to Equal-Weight and set a new price target of $102.00 from $106.30 previously
Analyst upgraded Southern Copper from Underweight to Neutral and set a new price target of $92.50
UBS initiated coverage of Southern Copper with a rating of Neutral and set a new price target of $120.00
HSBC Securities downgraded Southern Copper from Hold to Reduce and set a new price target of $80.00
Jefferies upgraded Southern Copper from Hold to Buy and set a new price target of $130.00 from $91.00 previously
Morgan Stanley downgraded Southern Copper from Equal-Weight to Underweight and set a new price target of $68.00 from $83.00 previously
Jefferies initiated coverage of Southern Copper with a rating of Hold and set a new price target of $91.00
Goldman downgraded Southern Copper from Neutral to Sell and set a new price target of $66.00 from $65.00 previously