SCCO
Southern Copper Corporation
SCCO's fundamentals are strong: revenue grew 39% and its operating margin rose 8 points to 59%. At 23x earnings, it's trading right at its usual valuation. Analysts expect earnings growth.
SCCO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SCCO's revenue, profitability, cash flow and balance sheet are all currently strong.
SCCO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $120 | -29% |
| Fair | 22x | $163 | -3% |
| Forward | 22x | $168 | — |
| Current | 23x | $168 | — |
| Expensive | 32x | $236 | +41% |
Historical ranges are pointers, not guarantees.
SCCO's PE is in its fair range at 23x. If earnings grow as analysts expect, today's price would be 22x next year's earnings.
SCCO Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SCCO, with profitability improving.
SCCO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.76 | +4.5% |
| Q3 2026 | $7.43 | +59% |
| Q2 2026 | $6.62 | +48% |
| Q1 2026 | $5.84 | +30% |
| Q4 2025 | $5.12 | +21% |
| Q3 2025 | $4.66 | +23% |
| Q2 2025 | $4.47 | +30% |
| Q1 2025 | $4.48 | +52% |
| Q4 2024 | $4.23 | +39% |
SCCO's earnings per share have climbed steadily: $7.43 over the past year, up 59% from the year before, and higher year over year for nine quarters in a row.
SCCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.7B | +39% |
| Q2 2026 | $4.3B | +41% |
| Q1 2026 | $4.3B | +36% |
| Q4 2025 | $3.9B | +39% |
| Q3 2025 | $3.4B | +15% |
| Q2 2025 | $3.1B | -2.2% |
| Q1 2025 | $3.1B | +20% |
| Q4 2024 | $2.8B | +21% |
SCCO's revenue has grown year over year for five quarters in a row: $4.7B last quarter, up 39% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 60% | +7.6 points |
| Q2 2026 | 61% | +9.1 points |
| Q1 2026 | 58% | +9.2 points |
| Q4 2025 | 55% | +7.6 points |
| Q3 2025 | 52% | +2.9 points |
| Q2 2025 | 52% | +0.5 points |
| Q1 2025 | 49% | +3.4 points |
| Q4 2024 | 47% | +9.1 points |
SCCO's operating margin was 60% last quarter, up 7.6 points from the same quarter a year ago, near the top of its range since 2019.
SCCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +41% |
| Q2 2026 | $1.6B | +111% |
| Q1 2026 | $1.3B | +210% |
| Q4 2025 | $1.1B | -4.8% |
| Q3 2025 | $1.2B | +1.5% |
| Q2 2025 | $741.1M | +18% |
| Q1 2025 | $403.6M | -9.5% |
| Q4 2024 | $1.1B | +294% |
SCCO's free cash flow has been positive every quarter for seven years: $5.6B over the past year, up 61% from the year before.
SCCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -959K shares |
| 1 year | +0.7% | +5.6M shares |
| 3 years | +6% | +48.1M shares |
| 5 years | +6% | +48.1M shares |
| Available history | +6% | +48.1M shares |
SCCO has 847M diluted shares, up 0.7% from a year ago.
SCCO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.5x | Very low |
SCCO's net debt is less than a year of its operating earnings (EBITDA).
SCCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 12.1 | Oversold |
SCCO's weekly RSI is 43 (neutral) and its Stochastic is 12 (oversold).
SCCO PE vs Basic Materials Sector
| Metric | SCCO | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 19x | 22% above |
| PE % | 55 | 40 | 15 pts above |
SCCO is trading at 23x earnings, a 22% premium to the Basic Materials sector's median of 19x.
SCCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $188.1 | 11% below |
| 20 week MA | $187.6 | 10% below |
| 50 week MA | $179.0 | 6% below |
| 100 week MA | $138.8 | 21% above |
| 200 week MA | $111.3 | 51% above |
SCCO has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 51% above its 200-week average.
SCCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.6 | $59.7 | +51% |
| 2021 | $59.7 | $56.0 | -6.1% |
| 2022 | $56.0 | $56.8 | +1.4% |
| 2023 | $56.8 | $80.1 | +41% |
| 2024 | $80.1 | $88.7 | +11% |
| 2025 | $88.7 | $146.2 | +65% |
| 2026 YTD | $146.2 | $168.2 | +15% |
SCCO has finished higher in five of the last six years, two of them by more than 50%. It's up 15% so far in 2026.