Barclays Cuts Southern Copper (SCCO) Price Target to $165
Key Points
- Barclays cut its price target for Southern Copper from $168 to $165, keeping an Underweight rating on the stock.
- Barclays's $165 price target implies 12.16% downside from Southern Copper Corporation's ($SCCO) current $187.84 share price.
- Southern Copper shares recently traded around $187.84, which is about equal to the previous event close of $187.56.
- The stock's current price is above the mean analyst target of $178.36, suggesting some analyst optimism.
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On October 26, 2026, Barclays lowered its price target for Southern Copper Corporation (SCCO) to $165 from $168, maintaining an Underweight rating. This change reflects Barclays' cautious stance on the stock amid fluctuating market conditions.
Southern Copper's shares closed at $187.56 on the same day of the rating change and recently traded around $187.84. This price is about equal to the event close, indicating stability in the stock's value. However, it remains below the 50-day moving average of $201.15, suggesting it may be underperforming in the near term.
SCCO
Southern Copper Corporation
Barclays vs. the S&P 500
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Other Institutional Activity in Southern Copper
Fisher Asset Management, LLC grew its holdings by 463,206 shares, bringing its total to 2,822,889 shares worth about $529.5 million. Neuberger Berman Group, LLC reduced its stake by 105,869 shares, ending with 2,560,847 shares valued at approximately $480.3 million. Mirae Asset Global ETFs Holdings Ltd. added 44,938 shares, resulting in a total of 2,555,444 shares worth around $479.3 million.
Southern Copper Corporation Stock Up 2.3%
Southern Copper's shares are currently trading above their 52-week low of $115.74 and below the 52-week high of $220.78. The recent price of $187.84 is also above the mean analyst target of $178.36, which could indicate that investors are pricing in some growth potential despite the recent downgrade.
$SCCO price target
Southern Copper Corporation daily closes and this analyst's $165 target. Not advice.
Recent Earnings
In its latest earnings report, Southern Copper posted a trailing twelve-month revenue of $17.1 billion and an EPS of $7.52. The company has shown impressive revenue growth of 39.1% year-over-year and maintains a net margin of 37.2%. The next earnings report is scheduled for January 26, 2027, which will provide further insights into its performance.
Insider Buying and Selling at Southern Copper Corporation
Since August, Director Luis Miguel Bonilla has sold 800 shares in total, with the most recent transaction occurring on September 8, 2026, at an average price of $210.00. This selling activity, while notable, does not necessarily indicate negative sentiment towards the company.
Analysts Set New Price Targets
On October 26, 2026, Barclays maintained its Underweight rating on Southern Copper while lowering its price target to $165 from $168. Wells Fargo also maintained its Equal-Weight rating with a target of $190, while UBS has a Sell rating with a target of $180. The consensus among analysts shows a mean price target of $178.36 based on 17 opinions.
About Southern Copper Corporation
Southern Copper Corporation is engaged in the mining, exploration, smelting, and refining of copper and other minerals across several countries in the Americas including Mexico, the U.S., Peru, Brazil, and Chile. The company's recent performance has been strong, reflecting its significant role in the copper industry.
Bottom Line
Investors should keep an eye on Southern Copper's upcoming earnings report on January 26, 2027, for more insights into its financial health. The stock's recent downgrade by Barclays, along with the price target adjustments by other analysts, indicates a cautious outlook in the market.
Related Filing Alerts
Source: Barclays's rating change on $SCCO (Oct 26, 2026). Written by software, not financial advice. How we make alerts