Barclays Raises Southern Copper (SCCO) Price Target to $168

Barclays reiterated its Underweight rating on Southern Copper Corporation (NYSE: SCCO) on October 19, 2026, while nudging its price target up to $168 from $166. The research note arrived as shares of the major copper producer changed hands at $201.78 on the day of the update. Barclays has kept a cautious stance on the stock through several updates this year, holding an Underweight view even as the wider market trades at different valuations.

SCCO Southern Copper Corporation

$201.78 ▲ +42.01% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Barclays's Call on Southern Copper

On October 19, 2026, Barclays maintained its Underweight rating on Southern Copper while moving its target price to $168 from $166. This follows earlier adjustments from the firm, including a target of $166 on July 23, 2026, and $160 on July 16, 2026. Other Wall Street firms hold varying views on the basic materials stock. Wells Fargo maintained an Equal-Weight rating with a $190 target on October 6, 2026, and UBS kept a Sell rating with a $180 target on October 8, 2026. Across 17 analyst opinions tracked by the company, the consensus recommendation sits at underperform with a mean price target of $176.73.

Other Institutional Activity in Southern Copper

Large money managers adjusted their holdings in Southern Copper during the middle of the year. Fisher Asset Management grew its holdings by 463,206 shares, ending with 2,822,889 shares worth about $569,602,538. Neuberger Berman Group reduced its position by 105,869 shares, holding 2,560,847 shares valued at roughly $516,727,704. Mirae Asset Global ETFs Holdings added 44,938 shares for a total of 2,555,444 shares worth approximately $515,637,487.

Southern Copper Corporation Stock Up 0.6%

Southern Copper shares recently traded around $201.82 on October 19, 2026, matching its close of $201.78 on the same day. The stock trades above its 50-day moving average of $200.97 and sits comfortably above its 200-day moving average of $184.67. Shares remain below their 52-week high of $220.78 while standing well above the 52-week low of $115.74. The current trading price rests about 14.2% above the mean analyst target of $176.73.

Recent Earnings

Southern Copper posted trailing twelve-month revenue of $15.79 billion alongside earnings of $6.70 per share. The company reported a net profit margin of 35.9% and a return on equity of 49.9%. Revenue grew 40.6% year-over-year. The company's next earnings report is scheduled for release on October 22, 2026.

Dividend

Southern Copper pays an annual dividend with a yield of 2.18%. The company maintains a dividend payout ratio of 53.9%.

Insider Buying and Selling at Southern Copper Corporation

Company director Luis Miguel Palomino Bonilla completed multiple sales of company shares over the summer. On August 5, 2026, he disposed of 200 shares valued at $39,830. He later sold 400 shares at $217.50 apiece for a total of $87,000 on August 31, 2026. On September 4, 2026, he sold 100 shares at $200.00 each worth $20,000, followed by the sale of 100 shares at $210.00 each for $21,000 on September 8, 2026.

About Southern Copper

Southern Copper Corporation is a major producer of copper and related minerals with operations spanning Mexico, Peru, the United States, and other countries. Headquartered in Phoenix, Arizona, the company manages mining, exploration, smelting, and refining facilities. Its output plays a key role in global industrial supply chains, making its financial performance sensitive to shifts in metal prices and international demand.

Bottom Line

Investors are looking ahead to Southern Copper's upcoming earnings report on October 22, 2026, for fresh details on production costs and revenue trends. Barclays continues to maintain a cautious stance with its Underweight view as the stock trades above consensus price targets.