SCCO

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Southern Copper (SCCO) is back in focus after reporting record financial results driven by strong metal prices, while dealing with lower production and announcing a US$1.10 per share second quarter dividend. See our latest analysis for Southern Copper. Southern Copper’s share price has reacted strongly to the record results and higher dividend, with a 1-day share price return of 4.98% and year to date share price return of 33.69%, while the 1-year total shareholder return of 119.60% points to powerful longer term momentum. If strong copper pricing has your attention, it can be useful to see what else is moving across the sector, starting with 8 top copper producer stocks After record results, a lower production backdrop and a sharply higher share price, the key tension for Southern Copper now is clear. Is this move mainly about stronger fundamentals, or has sentiment pulled the stock away from its underlying value? The most followed valuation narrative for Southern Copper points to a fair value of $167.79, which sits below the recent close at $195.16 and frames today’s price as rich against those cash flow assumptions. Read the complete narrative. Read the complete narrative. Want to see what kind of growth story needs more than $15b of projects to stack up. The narrative leans on rising output, firmer margins, and a premium profit multiple. Curious how that combination gets to the current fair value line. Result: Fair Value of $167.79 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Southern Copper still faces risks, including potential U.S. China trade friction affecting copper demand and more than US$15b of projects that could pressure cash flow if they are delayed. Find out about the key risks to this Southern Copper narrative. With Southern Copper’s recent moves raising both excitement and questions, it makes sense to weigh the potential upside against the issues on the table before the crowd moves on. To see how those concerns and positives balance out in one place, take a closer look at the 2 key rewards and 1 important warning sign. If Southern Copper has sharpened your interest in the sector, do not stop here. Use the Simply Wall Street Screener to uncover fresh opportunities other investors might miss. Target potential long term compounders by scanning for companies that look mispriced on quality and value through the 52 high quality undervalued stocks. Strengthen your income focus by hunting for companies that offer robust payouts using the 7 dividend fortresses. Prioritise resilience by filtering for companies with sturdier finances using the solid balance sheet and fundamentals stocks screener (49 results). This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SCCO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Southern Copper Corporation previously declared a US$1.10 per-share cash dividend for the second quarter of 2026, payable on August 27 to shareholders of record as of August 11, while also reporting year-on-year declines in mined volumes for copper, molybdenum, zinc and silver. Even with lower production, the company delivered record-breaking quarterly results as historically strong metal prices more than offset the volume declines. Next, we’ll examine how record financial results driven by strong metal prices, despite softer production, affect Southern Copper’s investment narrative. The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 17 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. To own Southern Copper today, you need to believe that tight copper markets and the company’s low cost profile can support strong cash generation, even as production dips. The latest quarter reinforces that story: record results were driven by historically strong metal prices, not volume growth. In the near term, the key catalyst is how sustained pricing filters through to cash flow and capital allocation, while the biggest risk remains rising operating and project costs eroding those healthy margins. The US$1.10 per share cash dividend for Q2 2026, up from US$1.00 last quarter, is the announcement that most clearly ties into this theme. It shows management returning more cash after a quarter when lower mined copper, molybdenum, zinc and silver volumes were more than offset by high prices, spotlighting the tension between today’s price driven strength and longer term execution risks around multi year, US$15 billion plus investment plans. Yet behind the strong dividend, investors should also be aware that rising capital needs and operating costs could eventually squeeze the very cash flows supporting it... Read the full narrative on Southern Copper (it's free!) Southern Copper's narrative projects $18.1 billion revenue and $6.9 billion earnings by 2029. This requires 4.7% yearly revenue growth and about a $1.2 billion earnings increase from $5.7 billion today. Uncover how Southern Copper's forecasts yield a $167.79 fair value, a 10% downside to its current price. Before this news, the most optimistic analysts were assuming revenue near US$20.3 billion and earnings around US$8.2 billion by 2029, far above consensus, which shows just how differently you and other investors might view Southern Copper’s upside and the risks around escalating capital spending in light of these new results. Explore 5 other fair value estimates on Southern Copper - why the stock might be worth as much as 21% more than the current price! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your Southern Copper research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision. Our free Southern Copper research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Southern Copper's overall financial health at a glance. Right now could be the best entry point. These picks are fresh from our daily scans. Don't delay: The future of work is here. Discover the 36 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. Uncover the next big thing with 21 elite penny stocks that balance risk and reward. Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 28 best rare earth metal stocks of the very few that mine this essential strategic resource. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SCCO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Coeur Mining, Inc. CDE is expected to post year-over-year growth in earnings when it reports second-quarter 2026 results on Aug. 5, after market close. The consensus mark for earnings has moved down over the past 60 days to 22 cents per share for the quarter. The figure indicates a 41% sequential decline. Image Source: Zacks Investment Research CDE’s earnings performance has been mixed in recent quarters. Earnings missed the Zacks Consensus Estimate in three of the trailing four quarters and beat the mark in one, delivering a negative average surprise of 4.6%. Image Source: Zacks Investment Research Our proven model does not conclusively predict an earnings beat for CDE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, but that is not the case here. Earnings ESP: The Earnings ESP for CDE is 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter. Zacks Rank: CDE currently has a Zacks Rank #5 (Strong Sell). You can see the complete list of today’s Zacks #1 Rank stocks here. Factors Likely to Have Shaped CDE's Q2 Performance Despite Coeur's record first-quarter results, several factors suggest that its second-quarter performance may fall short of elevated market expectations. The biggest overhang is the company's tough year-over-year and sequential comparisons following solid first-quarter revenue. Record first-quarter EBITDA and free cash flow were driven by strong gold and silver prices, but the second quarter might have faced pressure as investors assess whether full-quarter contributions from New Afton and Rainy River can offset operational challenges and justify the acquisition-driven rise in debt to $761.4 million from $340.5 million at the end of 2025. Several mines entered the second quarter with notable headwinds. Rochester reported lower first-quarter production because of planned lower grades, maintenance-related downtime and reduced ore placement linked to leach pad expansion activities. Although crusher repairs were completed early in the second quarter, the mine still faces elevated capital spending and higher royalty expenses. Kensington also suffered from mine sequencing issues and planned mill maintenance, resulting in weaker production and a 47% sequential increase in adjusted costs applicable to sales. At Wharf, first-quarter gold production plunged 61% sequentially following crusher fire-related disruptions, while costs rose sharply and free cash flow dropped significantly. Although operations are expected to have normalized, any slower-than-expected ramp-up could have weighed on consolidated results. Coeur reaffirmed its 2026 guidance. Costs are expected to have remained under pressure in the second quarter due to higher royalty expenses, inflation, a stronger Mexican peso and increased maintenance spending. Elevated silver costs may have also weighed on margins despite favorable metal prices. Recent exploration success at Palmarejo and Las Chispas supports long-term growth, but Coeur's record $158 million exploration budget for 2026 is likely to affect near-term earnings, with production benefits expected only over the longer term. While Coeur is expected to benefit from full-quarter contributions from New Afton and Rainy River, the combination of integration risks, elevated operating costs, higher debt, persistent mine-specific challenges, and demanding comparisons to a record first quarter could overshadow these positives. Image Source: Zacks Investment Research Shares of CDE have surged 61.9% in the past year compared with the industry’s 61.6% growth. CDE lags miners like Ero Copper Corp. ERO, Southern Copper Corporation SCCO and Lundin Mining Corporation LUNMF, which have gained 95.2%, 96.4% and 142.6%, respectively, in the past year. CDE is currently trading at a forward 12-month price/earnings ratio of 11.16 at a discount to the industry's 20.55. It is lower than both SCCO and LUNMF and higher than ERO. Image Source: Zacks Investment Research Coeur remains well-positioned for long-term growth, supported by its expanded asset base and encouraging exploration success. However, the near-term picture appears more challenging. Rochester continues to deal with lower grades, elevated capital spending and higher royalty expenses. Kensington is working through mine sequencing issues and higher operating costs, while Wharf is still recovering from the impact of crusher fire-related disruptions. Although New Afton and Rainy River should provide a full-quarter contribution, investors will likely focus on whether these benefits are enough to offset operational weakness across other sites, rising costs and the higher debt taken on to fund the acquisitions. Given these mine-specific headwinds, elevated exploration spending, integration risks and difficult comparisons with a record first quarter, Coeur may find it challenging to deliver another standout quarter. While the company's long-term fundamentals remain intact, the current risk-reward balance appears less favorable for the near term. The near-term uncertainties suggest that a sell stance is appropriate for investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coeur Mining, Inc. (CDE) : Free Stock Analysis Report Southern Copper Corporation (SCCO) : Free Stock Analysis Report Lundin Mining Corp. (LUNMF) : Free Stock Analysis Report Ero Copper Corp. (ERO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Southern Copper Corporation (SCCO) reported second-quarter earnings per share (EPS) of $2.01, surpassing the Zacks Consensus Estimate of $1.97. The bottom line came in 71.8% higher than the year-ago quarter’s earnings of $1.17 per share, aided by stronger metal prices and improved operating profitability. Revenues surged 40.6% year over year to a quarterly record of $4.29 billion but missed the consensus estimate of $4.37 billion by 1.88%. Higher prices for copper, molybdenum, zinc and silver were offset by lower sales volumes for copper and its main products. Cost of sales increased 14.7% year over year to $1.39 billion. Total operating costs and expenses rose 13.8% to $1.67 billion, reflecting higher spending on operating materials, purchased copper, diesel and fuel, and workers’ participation. Southern Copper Corporation price-consensus-eps-surprise-chart | Southern Copper Corporation Quote Operating cash cost after incorporating by-product revenue credits was five cents per pound in the quarter compared with 63 cents in the prior-year quarter, owing to an increase in by-product revenue credits. Operating income jumped 65.3% to $2.62 billion. Adjusted EBITDA reached a record $2.86 billion, up 59.5% from the prior-year quarter. The adjusted EBITDA margin expanded 790 basis points to 66.6%, reflecting stronger realized prices and disciplined cost management. Net income attributable to SCCO also reached a record $1.67 billion, rising 71.6% year over year. The net income margin improved to 38.9% from 31.9% in the year-ago period. Southern Copper mined 230,662 tons of copper in the reported quarter, down 3.5% year over year. Total copper production decreased 3.6% year over year to 232,521 tons, including third-party concentrate. A 12% decline at the Peruvian operations more than offset a 3.2% increase in Mexico.  Copper sales declined 1.5% to 220,712 tons.The company mined 7,046 tons of molybdenum in the reported quarter, reflecting a year-over-year decline of 11%. Sales were 6,821 tons in the quarter under review, down 13% from the second quarter of 2025.Zinc production declined 14.5% year over year to 39,257 tons in the quarter under review on lower production at the Buenavista zinc concentrator. Zinc sales decreased 8.8% year over year to 40,570 tons in the quarter.Southern Copper's silver production was down 3.8% year over year to 5.76 million ounces, and sales were down 8.7% year over year to 5.516 million ounces. Net cash provided by operating activities totaled $1.99 billion in the quarter, more than double the prior-year figure. For the first six months of 2026, operating cash flow increased 116.9% to $3.68 billion, supported by stronger earnings and lower operating working-capital requirements. Cash and cash equivalents stood at $5.67 billion as of June 30, 2026, while short-term investments totaled $1.66 billion. Long-term debt was $7.99 billion following the issuance of $1.25 billion of 10-year senior unsecured notes carrying a 5.35% interest rate. The proceeds are intended primarily to support the Tía María project and other capital needs of the company’s Peruvian operations. For 2026, Southern Copper expects copper production to reach 917,000 tons, which is 1% above its previous target but implies a 5% year-over-year decline. Molybdenum production is now projected at 27,900 tons, a 7% increase from its previous target, indicating a 10% decline from the 2025 level. Silver output is projected at 24 million ounces, a decrease of 1% compared with 2025.  Zinc production for the year is projected at 163,900 tons, 7% lower than the 2025 level. The company’s shares have gained 84.6% in the past year compared with the industry’s 51.2% growth. Image Source: Zacks Investment Research Freeport-McMoRan Inc. FCX reported adjusted EPS of 74 cents in the second quarter, up around 37% year over year from 54 cents. The figure topped the Zacks Consensus Estimate of 62 cents. Revenues declined around 7.3% year over year to approximately $7.03 billion. The figure surpassed the Zacks Consensus Estimate of $6.47 billion. Higher realized metal prices were offset by lower copper and gold volumes. Copper production fell around 18.4% year over year to 786 million pounds in the reported quarter. Consolidated copper sales declined approximately 30.1% year over year to 710 million pounds. The fall primarily resulted from lower operating rates at PTFI during the phased ramp-up of the Grasberg Block Cave underground mine.   The company sold 123,000 ounces of gold in the quarter, down 76.4% year over year. Freeport also sold 25 million pounds of molybdenum, up 13.6% from the prior-year quarter. Teck Resources Limited TECK reported second-quarter 2026 adjusted EPS of CAD $1.93 or $1.39, beating the Zacks Consensus Estimate of 78 cents. It marked a substantial improvement of 415% from the earnings of 27 cents per share in the year-ago quarter. This was attributed to higher base metal prices and increased sales volume of copper and zinc. Including one-time items, the company reported EPS of $1.26 in the quarter compared with the year-ago quarter’s 30 cents. Net sales amounted to $2.6 billion, surpassing the Zacks Consensus Estimate of $2.3 billion. The figure reflects a 78% year-over-year improvement, aided by higher copper and zinc prices and sales. Southern Copper currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Another top-ranked stock from the basic materials space is Bunge Global SA BG, which sports a Zacks Rank of 1 at present. Bunge has an average trailing four-quarter earnings surprise of 27.5%. The Zacks Consensus Estimate for the company’s fiscal 2026 earnings is pegged at $9.74 per share, implying 28.7% year-over-year growth. Bunge shares have gained 59% in a year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Copper Corporation (SCCO) : Free Stock Analysis Report Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report Bunge Global SA (BG) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Teck Resources Limited TECK reported second-quarter 2026 adjusted earnings per share (EPS) of $1.39, beating the Zacks Consensus Estimate of 78 cents. It marked a substantial improvement of 415% from the earnings of 27 cents per share in the year-ago quarter. This was attributed to higher base metal prices and increased sales volume of copper and zinc. Including one-time items, the company reported EPS of $1.26 in the quarter compared with the year-ago quarter’s 30 cents. Teck Resources Ltd price-consensus-eps-surprise-chart | Teck Resources Ltd Quote Net sales amounted to $2.6 billion, surpassing the Zacks Consensus Estimate of $2.3 billion. The figure reflects a 78% year-over-year improvement, aided by higher copper and zinc prices and sales. The gross profit was CAD$1.67 billion ($1.21 billion), skyrocketing 255% from the year-ago quarter. The gross margin was 46.3% compared with the year-ago quarter’s 23.3%. The adjusted EBITDA was around CAD$2.2 billion ($1.59 billion), which soared 204% from the year-earlier period. The EBITDA margin was 60.8% in the quarter under review compared with the year-ago quarter’s 35.7%. The Copper segment’s revenues surged 85.8% year over year to C$2.7 billion ($1.95 billion). The increase reflected significantly higher copper prices and stronger sales volumes across the company’s operations. The realized copper price rose to $6.09 per pound from $4.36 in the prior-year quarter. Total copper production was around 135,900 tons, 25% higher than the first quarter of 2025, attributed to improved performance across all operations. Copper sales increased 33.7% to 135,700 tons. Highland Valley Copper production increased 32% year over year to 42,800 tons, supported by higher throughput, grades and recoveries. Antamina’s copper production, on a 100% basis, climbed 67% to 108,500 tons. Carmen de Andacollo produced 12,800 tons, up from 9,400 tons on better grades and recoveries. Quebrada Blanca produced 55,800 tons of copper, up 6% from a year earlier. Stable asset utilization, consistent plant performance and progress on tailings management supported the operation. The segment’s gross profit skyrocketed 309% year over year to CAD$1.34 billion ($972 million), attributed to higher copper prices and sales volume. Copper net cash unit costs decreased to $1.64 per pound from $2.02 per pound a year earlier, helped by higher production and stronger silver and molybdenum by-product credits. The Zinc segment’s net sales jumped 59% year over year to CAD$903 million ($654 million) on improved zinc prices and higher zinc concentrate sales volumes. The realized zinc price rose 32% to $1.57 per pound compared with the prior-year quarter. Red Dog produced 112,000 tons of zinc, down 18% year over year owing to lower grades as anticipated in the mine plan. However, zinc sales volumes at Red Dog rose 4% to 36,500 tons, and came within TECK’s guidance of 30,000-40,000 tons. Trail Operations’ refined zinc production dipped 2% to 49,800 tons, reflecting planned maintenance. Refined zinc sales were up 5.7% to around 37,000 tons. Segment gross profit rose 130% year over year to C$329 million ($238 million), reflecting higher zinc prices and increased by-product revenues at Red Dog and Trail. However, these gains were partially offset by higher cost of sales due to increased concentrate purchases and royalty costs. Net cash unit costs were 35 cents per pound in the second quarter compared with 49 last year due to higher by-product credits driven by increased silver and germanium prices. Second-quarter 2026 net cash unit costs also reflect the normal seasonality of sales at Red Dog. Cash flow from operating activities improved to around C$1.72 billion ($1.24 billion) from C$88 million ($64 million). Teck Resources ended the quarter with C$6.05 billion ($4.38 billion) in cash and cash equivalents and liquidity of C$10.3 billion ($7.5 billion). Its net cash position strengthened to C$1.244 billion ($0.9 million) from C$150 million ($109 million) at the end of 2025. Management retained its previously disclosed 2026 guidance. Copper production remains projected between 455,000 and 530,000 tons. Zinc production is expected in the range of 410,000-460,000 tons, while refined zinc output is forecast between 190,000 and 230,000 tons. Copper net cash unit costs are expected between $1.85 and $2.20 per pound. Zinc net cash unit costs are projected at 65-75 cents per pound. Teck Resources expects third-quarter Red Dog zinc concentrate sales of 220,000-270,000 tons, reflecting the operation’s normal shipping seasonality. The Highland Valley Copper Mine Life Extension project continued to progress, with detailed engineering about 95% complete. Total project capital costs remain estimated at C$2.1-C$2.4 billion, while 2026 spending is expected between C$900 million and C$1.2 billion. Teck Resources also continued advancing Zafranal and San Nicolás toward potential sanction decisions. Meanwhile, the proposed merger with Anglo American remains subject to customary closing conditions and regulatory approvals. The transaction is expected to create Anglo Teck and deliver approximately $800 million in annual pre-tax synergies. The company’s shares have gained 81.4% in the past year compared with the industry’s 30.9% growth. Image Source: Zacks Investment Research Freeport-McMoRan Inc. FCX reported adjusted EPS of 74 cents in the second quarter, up around 37% year over year from 54 cents. The figure topped the Zacks Consensus Estimate of 62 cents. Revenues declined around 7.3% year over year to approximately $7.03 billion. The figure surpassed the Zacks Consensus Estimate of $6.47 billion. Higher realized metal prices were offset by lower copper and gold volumes. Copper production fell around 18.4% year over year to 786 million pounds in the reported quarter. Consolidated copper sales declined approximately 30.1% year over year to 710 million pounds. The fall primarily resulted from lower operating rates at PTFI during the phased ramp-up of the Grasberg Block Cave underground mine.   The company sold 123,000 ounces of gold in the quarter, down 76.4% year over year. Freeport also sold 25 million pounds of molybdenum, up 13.6% from the prior-year quarter. Southern Copper Corporation SCCO reported second-quarter EPS of $2.01, surpassing the Zacks Consensus Estimate of $1.97. The bottom line came in 65% higher than the year-ago quarter’s earnings of $1.22 per share. Southern Copper’s net sales in the quarter were $4.29 billion, marking a 40.6% increase from the year-ago quarter but missing the Zacks Consensus Estimate of $4.37 billion. Higher prices for copper, molybdenum, zinc and silver were offset by lower sales volumes for copper. Southern Copper mined 230,662 tons of copper in the reported quarter, 3.5% lower year over year. Copper sales declined 1.5% year over year to 220,712 tons. Teck Resources currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Another top-ranked stock from the basic materials space is Bunge Global SA BG, which sports a Zacks Rank of 1 at present. Bunge has an average trailing four-quarter earnings surprise of 27.5%. The Zacks Consensus Estimate for the company’s fiscal 2026 earnings is pegged at $9.74 per share, implying 28.7% year-over-year growth. Bunge shares have gained 59% in a year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Teck Resources Ltd (TECK) : Free Stock Analysis Report Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report Bunge Global SA (BG) : Free Stock Analysis Report Southern Copper Corporation (SCCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Southern Copper Corporation? Here are five stocks we like better. Southern Copper posted record second-quarter results, with sales up 41% year over year to $4.3 billion, adjusted EBITDA rising 60% to a record $2.96 billion, and net income jumping 72% to $1.67 billion. Higher metals prices more than offset lower copper production in Peru. Strong pricing and by-product gains drove performance, as copper prices averaged $6.04 per pound in the quarter, while molybdenum, silver and zinc prices also surged. Even though copper output fell 3.5%, copper sales still increased 38% and by-product sales rose sharply. Southern Copper is advancing major growth projects and returning cash to shareholders, including Tia Maria, Los Chancas, Michiquillay and El Pilar, while also issuing $1.25 billion in debt to fund development and capex. The company declared a $1.10 quarterly cash dividend plus a stock dividend and said copper production should climb meaningfully in the coming years. 3 Multi-Metal Stocks for Income and Long-Term Growth Southern Copper (NYSE:SCCO) reported record quarterly sales, adjusted EBITDA and net income for the second quarter of 2026, as sharply higher metals prices offset lower copper production in Peru, Chief Financial Officer Raúl Jacob Ruisánchez told investors on the company’s earnings call. Jacob, Southern Copper’s vice president of finance, treasurer and CFO, said the company’s results reflected “operating excellence” amid sustained demand for copper and its by-products. He was joined on the call by Leonardo Contreras, Southern Copper’s CEO and board member. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks Copper Cools After Record January—But This ETF Is a Buy-the-Dip Opportunity Sales for the quarter rose 41% year over year to $4.3 billion, an increase of $1.2 billion from the second quarter of 2025. Adjusted EBITDA reached a record $2.96 billion, up 60% from $1.79 billion a year earlier, while adjusted EBITDA margin expanded to 67% from 59%. Net income rose 72% to a record $1.67 billion, compared with $973 million in the prior-year quarter. Net income margin increased to 39% from 32%. For the first six months of 2026, adjusted EBITDA rose 58% to $5.57 billion, while net income was 69% higher than in the same period of 2025. Cash flow from operating activities totaled $3.68 billion in the first half, up 117% year over year, which Jacob attributed to stronger operating cash generation from higher sales and a $719 million decrease in operating asset and liability requirements. → 3 Photonics Companies Making Quantum Tech Possible The Copper Barbell: How to Profit From the Shortage—and Avoid the Dilution Trap Jacob said the London Metal Exchange copper price averaged $6.04 per pound in the second quarter, up 30% from $4.32 per pound in the same quarter of 2025. COMEX copper averaged $6.16 per pound, up 31% year over year. Based on current supply and demand dynamics, Southern Copper estimates a slight copper market deficit for 2026. Global copper inventories across London Metal Exchange, COMEX, Shanghai and London warehouses totaled 1.123 million tons as of July 21, which Jacob said represented roughly 15 days of global demand. → AI Data Centers Need Power, and These 2 Industrials Are Cashing In Copper represented 73% of Southern Copper’s sales in the quarter. Copper sales increased 38% despite a 1.5% decline in volume, reflecting the higher pricing environment. Among by-products, molybdenum sales rose 34%, zinc sales increased 24% and silver sales climbed 86%, with all three benefiting from higher prices that were partially offset by lower volumes. Molybdenum prices averaged $29.44 per pound, up 43% from the prior-year quarter, while silver prices averaged $73.49 per ounce, up 118%. Zinc averaged $1.57 per pound, a 31% increase from the second quarter of 2025. Southern Copper produced 230,662 tons of copper in the second quarter, down 3.5% from the same period last year. Jacob said the decline reflected a 12% drop in production in Peru, mainly due to lower ore grades and recoveries at Toquepala and Cuajone. That was partially offset by a 3.2% increase in Mexican operations, driven by higher production at Buenavista, La Caridad and Inca. In response to a question from Barclays analyst Richard Garchitorena, Jacob said the lower production was mainly tied to ore grades at Cuajone, which translated into about 35,000 tons of lower copper production, with the remaining decline coming from Toquepala. He said Southern Copper now expects to produce 917,000 tons of copper in 2026, above its initial plan of about 910,000 tons. Molybdenum production fell 11% year over year due to lower ore grades at all mines, though the company now expects to produce 27,900 tons in 2026, 7% above its initial plan. Silver production declined 4% in the quarter, despite higher output at La Caridad and Inca, because of lower production at Toquepala, Cuajone and Buenavista. Southern Copper expects to meet its plan to produce 24 million ounces of silver this year. Mine zinc production fell 14% to 39,250 tons, and the company expects 2026 zinc production of 163,900 tons. Jacob said he expects sales volumes to improve somewhat in the second half of the year as material processed in the first half becomes available for sale. Total operating costs and expenses increased $202 million, or 14%, from the second quarter of 2025. Jacob cited higher operating materials, purchased copper, diesel and fuel, workers’ participation, translation differences and other factors. These were partly offset by lower repair materials and inventory consumption. Southern Copper reported operating cash costs before by-product credits of $2.29 in the second quarter, down $0.02 from the first quarter. Including by-product credits, operating cash costs were $0.05, compared with negative $0.11 in the first quarter. Jacob said the company still considered that “an excellent mark.” By-product credits totaled $1.11 billion, or $2.24, in the second quarter, down 7% from the first quarter. Credits increased for molybdenum and zinc but declined for silver and sulfuric acid. Southern Copper’s capital investment program for the decade exceeds $20.5 billion, including projects in Peru and Mexico. The company spent $423 million on capital investments in the second quarter, up 79% year over year, and $865 million in the first half, up 56% from the prior-year period. In Peru, Jacob said the company remains committed to advancing Tia Maria, Los Chancas and Michiquillay, which together represent about $10.3 billion of investment. At Tia Maria in Arequipa, the project was 42% complete at the end of June, with 5,817 new jobs created, including 1,254 filled by local applicants. Jacob said mass earthworks were in their final stage and civil works and steel structure assembly had begun in key facilities. Goldman Sachs analyst Emerson Vieira asked about the desalination plant for Tia Maria and potential delays. Jacob said purchase orders and contracts were being placed for major equipment, including the desalination plant, and that the company did not currently expect a delay. At Los Chancas in Apurímac, Jacob said illegal miners remain in the project area despite enforcement efforts, hindering progress. At Michiquillay in Cajamarca, reserve estimation, mine planning, hydrologic and hydrogeological assessments, and technical research are underway. In Mexico, Jacob said El Pilar in Sonora has received the necessary environmental permits and will begin early site preparation work in September. Construction is expected to start in the first quarter of 2027, with production projected for the second half of 2029. The $551 million open-pit project is expected to produce 36,000 tons of copper cathode annually over an 18-year mine life. Southern Copper issued $1.25 billion of 10-year fixed-rate senior unsecured notes on June 24, due in 2036 with a 5.35% annual interest rate. Jacob said demand totaled $4 billion, or 3.2 times the amount issued. Proceeds will be used by Southern Peru Copper Corporation to develop Tia Maria, finance its capital expenditure program and for general corporate purposes. The company announced a quarterly cash dividend of $1.10 per share and a stock dividend of 0.012 shares per common share, payable Aug. 27 to shareholders of record as of Aug. 11. Jacob said the total estimated dividend payment, including the cash dividend and equivalent value of the stock dividend, was $3.23 per share. Looking ahead, Jacob said Southern Copper expects 2027 copper production to be roughly in line with 2026, with some contribution from Tia Maria late in the year. He said production is expected to rise to about 970,000 tons in 2028 and exceed 1 million tons in 2029, supported by Tia Maria, El Pilar and improved ore grades. The company’s longer-term goal remains more than 1.6 million tons of copper by 2033 or 2034 through organic growth. Southern Copper Corporation (NYSE: SCCO) is a large, integrated copper producer whose operations span the full value chain from exploration and mining to smelting, refining and the sale of copper and other metal products. The company produces a range of copper products including copper concentrate and refined cathodes, and recovers valuable byproducts such as molybdenum, silver and zinc. Southern Copper concentrates on high-volume, long-life assets designed to support steady production and processing capabilities. Southern Copper's operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Southern Copper Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Southern Copper stock has delivered a powerful run over the past few years, yet today the valuation screens as expensive rather than a clear bargain, which raises a straightforward question about how much optimism is already in the price. Southern Copper has returned 262.0% over the past 5 years, which puts a spotlight on whether the current share price already reflects much of that success. Recent coverage has highlighted copper’s role in supporting AI data center build outs as a potential support for sentiment, while concerns around tariffs and production trends for Southern Copper may weigh on how investors think about its earnings power. On Simply Wall St’s checks, Southern Copper scores 0 out of 6 on valuation, which points to a stock that leans expensive rather than one that clearly stands out as undervalued. The issue now is whether Southern Copper’s current valuation leaves enough room for investors who are considering the stock after this multi year rally. Southern Copper delivered 81.4% returns over the last year. See how this stacks up to the rest of the Metals and Mining industry. P/E is a useful cross check for Southern Copper because earnings are a key focus for established miners. Southern Copper currently trades on a P/E of about 29.3x, compared with roughly 19.9x for peers and 20.8x for the wider Metals and Mining industry, so the stock is priced at a clear premium to many comparable companies. On Simply Wall St’s model, a more tailored fair P/E for Southern Copper would be around 25.6x, which is lower than where the stock sits today. That gap suggests investors are already paying up for the story, even as recent commentary has pointed out issues such as tariffs affecting Peru and Mexico operations and questions around production trends. The current multiple assumes that Southern Copper’s earnings profile justifies this higher valuation against both peers and the modelled fair level. On this P/E yardstick, Southern Copper stock appears overvalued, with the market attaching a richer price to its earnings than the model and industry benchmarks would suggest. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives pick up where the valuation puzzle on Southern Copper leaves off by outlining which combinations of future growth, margins and earnings would need to occur for the stock to be worth materially more or materially less than today’s price. Each narrative links a fair value estimate to a clear storyline about Southern Copper's potential catalysts and risks, allowing you to track over time which version of events appears to be unfolding on the Community page. The community is split on Southern Copper, with one camp seeing plenty of upside still on the table while the other worries the premium has gone too far. Bull case: 23% undervalued Read the full Bull Case to see why Southern Copper could be undervalued Bear case: 7% overvalued Read the full Bear Case to see why Southern Copper could be overvalued Do you think there's more to the story for Southern Copper? Head over to our Community to see what others are saying! For Southern Copper, the current picture leans toward overvalued on market multiples, with the stock trading on a richer P/E than both peers and a tailored fair P/E estimate. That premium only makes sense if you believe the company can deliver the earnings profile implied in the bullish production and project timelines, despite the tariff and macro risks raised in the bear case. The crux for investors now is whether Southern Copper’s earnings and copper demand can meet those elevated expectations, or whether the market eventually trims the multiple back toward more typical levels. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SCCO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Southern Copper (SCCO), which belongs to the Zacks Mining - Non Ferrous industry. This miner has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.66%. For the most recent quarter, Southern Copper was expected to post earnings of $1.77 per share, but it reported $1.92 per share instead, representing a surprise of 8.47%. For the previous quarter, the consensus estimate was $1.46 per share, while it actually produced $1.56 per share, a surprise of 6.85%. With this earnings history in mind, recent estimates have been moving higher for Southern Copper. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Southern Copper has an Earnings ESP of +2.38% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Copper Corporation (SCCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Southern Copper (SCCO) is back in focus after reporting record quarterly net income that exceeded analyst expectations, raising its 2026 production guidance and highlighting continued progress at the Tia Maria project in Peru. See our latest analysis for Southern Copper. Despite the earnings surprise and higher 2026 production guidance, Southern Copper’s 7 day share price return is down 13.0% and the 90 day share price return is down 7.9%, while the 1 year total shareholder return of 90.9% and 5 year total shareholder return of 268.3% show how strong the longer term trend has been. If this copper story has your attention, it may be useful to see what else is moving in the sector by checking out the 8 top copper producer stocks With Southern Copper trading above its current analyst price target despite recent share price weakness, investors now face a key question: is the recent pullback a fresh buying opportunity, or is the stock already pricing in future growth? Southern Copper’s last close of $175.17 sits above the most followed fair value estimate of $163.13, putting extra attention on the assumptions behind that gap. Read the complete narrative. Curious what justifies paying above the consensus fair value here? The narrative leans on steady growth, firm margins and a premium future earnings multiple. Want to see which specific revenue and earnings paths are baked into that story, and how they link to copper market assumptions? Result: Fair Value of $163.13 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this hinges on copper demand and smooth project execution. At the same time, U.S. China trade tensions and community disruptions in Peru and Mexico could quickly challenge those assumptions. Find out about the key risks to this Southern Copper narrative. The mix of optimism and caution in this story is hard to ignore. Take a moment to review the data, weigh both sides, and decide what it means for you by checking out the 2 key rewards and 1 important warning sign. If you stop with just one stock, you could miss other opportunities that better match your goals, risk comfort and time horizon. Widen your search now with these ideas. Zero in on resilient businesses by scanning the 63 resilient stocks with low risk scores and see which companies line up with your risk comfort. Hunt for quality at a sensible price by reviewing the 46 high quality undervalued stocks and compare how those stocks stack up against your current watchlist. Build a sturdier core to your portfolio by checking the solid balance sheet and fundamentals stocks screener (46 results) and focusing on companies with stronger financial footing. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SCCO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]