Southern Copper
Mines, smelts and refines copper across integrated Peruvian and Mexican operations.
Something off on this page? Send us feedback.
Profile
Produces copper with molybdenum, silver and zinc by-products through integrated mining, smelting and refining systems in Peru and Mexico. Operations span Peruvian mines, Mexican open pits and Mexican underground assets, while execution depends on permits, water and environmental management, labor continuity, host communities and concentrated Grupo México control.
Runs integrated copper mining, smelting and refining systems in Peru and Mexico. Peruvian operations center on Toquepala and Cuajone with rail and port infrastructure, while Mexican open-pit operations include Buenavista and La Caridad-Pilares. IMMSA covers Mexican underground mines and processing facilities.
Produces copper as the primary output, alongside molybdenum, silver and zinc by-products. Brownfield expansion has enlarged established districts, and the development pipeline includes projects such as Tía María and Michiquillay.
Execution depends on permits, water and environmental management, labor continuity, and durable relationships with governments and host communities. Production remains concentrated in Peru and Mexico, and Grupo México controls the issuer through Americas Mining Corporation.
Company facts
Key statistics
Year to date +42.8% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 26, 2026 | CICC | Downgrade | Market Perform | ||
| Jul 23, 2026 | Barclays | Reiterate | Underweight | $160 | $166 |
| Jul 15, 2026 | Barclays | Reiterate | Underweight | $148 | $160 |
| Jul 9, 2026 | Wells Fargo | Reiterate | Equal Weight | $171 | $172 |
| Jul 8, 2026 | Morgan Stanley | Reiterate | Underweight | $160 | $158 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $1.98 | $2.01 | +1.5% | $4.32B | $4.29B | −0.8% | −6.78% |
| Apr 28, 2026Q1 FY26 | $1.82 | $1.90 | +4.4% | $4.20B | $4.25B | +1.1% | −1.21% |
| Jan 27, 2026Q4 FY25 | $1.54 | $1.58 | +2.6% | $3.71B | $3.87B | +4.3% | +1.71% |
| Oct 28, 2025Q3 FY25 | $1.25 | $1.35 | +8.0% | $3.21B | $3.38B | +5.3% | +2.40% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.12B | $3.05B | $3.38B | $3.87B | $4.25B | $4.29B | |
| Gross profit | $1.57B | $1.62B | $2.02B | $2.40B | $2.75B | $2.66B | |
| Operating income | $1.54B | $1.59B | $1.77B | $2.11B | $2.48B | $2.62B | |
| Net income | $945.9M | $973.5M | $1.11B | $1.31B | $1.58B | $1.67B | |
| Diluted EPS | $1.19 | $1.19 | $1.34 | $1.56 | $1.92 | $2.01 | |
| Gross margin | 50.2% | 53.1% | 59.8% | 62.0% | 64.7% | 62.0% | |
| Operating margin | 49.2% | 52.0% | 52.4% | 54.5% | 58.3% | 61.2% |
Fiscal years (4-quarter sums)FY21 $10.93B · FY22 $10.05B · FY23 $9.90B · FY24 $11.43B · FY25 $13.42B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $7.33B · Total debt $8.53B · Total assets $24.13B · Shareholders' equity $12.63B
Dividends
Last raised to $1.10 from $0.9784 split-adjusted in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 11, 2026 | Aug 11 | Aug 27 | $1.10 | raised from $0.9784 split-adjusted |
| May 13, 2026 | May 13 | May 29 | $1.00 | raised from $1.00 |
| Feb 10, 2026 | Feb 10 | Feb 27 | $1.00 | raised from $0.90 |
| Nov 12, 2025 | Nov 12 | Nov 28 | $0.90 | raised from $0.80 |
| Aug 15, 2025 | Aug 15 | Sep 4 | $0.80 | raised from $0.70 |
| May 2, 2025 | May 2 | May 19 | $0.70 | raised from $0.6553 split-adjusted |
| Feb 11, 2025 | Feb 11 | Feb 27 | $0.70 | cut from $0.6917 split-adjusted |
| Nov 6, 2024 | Nov 6 | Nov 21 | $0.70 | raised from $0.60 |
Ownership
Shares outstanding 834.33M · Float 91.90M · 11.0% free float
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Bonilla Luis Miguel Palomino | director | −100 | $195.00 |
| Aug 5, 2026 | Bonilla Luis Miguel Palomino | director | −200 | $199.15 |
| Jul 24, 2026 | Bonilla Luis Miguel Palomino | director | −100 | $179.00 |
| Jun 5, 2026 | Bonilla Luis Miguel Palomino | director | −4 | $181.00 |
| Jun 2, 2026 | Bonilla Luis Miguel Palomino | director | −100 | $200.00 |
Peers
- Freeport-McMoRan
Closest large-scale rival in integrated copper and molybdenum.
- BHP (ADR)
Global copper-scale rival with major Chilean and Peruvian exposure.
- Rio Tinto (ADR)
Diversified miner expanding major copper mines and processing capacity.
- Teck
Americas copper-and-zinc peer with direct Andean overlap.
- Hudbay Minerals
Copper-focused Americas peer with an operating mine in Peru.
- Vale (ADR)
Diversified miner growing copper output from Brazil and Canada.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Southern Copper | $212.73 | +1.39% | $175.04B | 30.7 | 29.6 | 11.1 | +40.6% |
| Freeport-McMoRan | $76.29 | −0.20% | $109.92B | 37.5 | 21.6 | 4.2 | −7.3% |
| BHP (ADR) | $94.75 | −0.42% | $241.71B | 24.5 | — | 4.2 | +19.9% |
| Rio Tinto (ADR) | $103.71 | +0.37% | $167.86B | 13.9 | — | 2.7 | +14.5% |
| Teck | $69.57 | +0.33% | $33.49B | 19.0 | 21.0 | 3.3 | +70.8% |
| Hudbay Minerals | $29.00 | −1.01% | $13.01B | 17.3 | 16.2 | 5.2 | +17.7% |
| Vale (ADR) | $15.10 | +0.40% | $64.10B | 31.3 | 8.3 | 1.6 | +19.2% |
| Median | 21.7 | 18.6 | 3.7 | +18.5% |