Southern Copper Corporation (SCCO) Stock

Southern Copper Corporation (SCCO) is a Materials stock trading at $214.24 (as of 2026-08-24), with a market capitalization of $178.75B and a trailing P/E of 31.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Southern Copper Corporation is engaged in mining, processing, smelting, and refining copper and other minerals. It produces copper and molybdenum concentrates, processes concentrates into blister and anode copper, refines anode copper into copper cathodes, and also produces related materials such as sulfuric acid and refined silver and gold, with operations in Peru and Mexico and additional mining activities including zinc, lead, and coal and coke.

Understand Southern Copper Corporation: how it makes money

Southern Copper mines, mills, and processes copper ore into copper concentrates, then smelts and refines to produce copper products (including copper cathodes), also producing and selling byproducts such as molybdenum concentrate and refined silver and gold.

The profit model is driven by converting mined ore into multiple saleable refined products through an integrated chain (mining to milling and flotation, then smelting to anode copper, and refining to copper cathodes), with additional outputs from molybdenum and precious metals.

Business quality (Exceptional): Strong operating visibility for copper and some byproducts (production and sales tons), but no clean, official reportable segment revenue breakdown is provided in the input.

Valuation: At 29× earnings, SCCO trades 10% below the Metal Mining average (32×). Note: one-time items can distort reported P/E.

Bull case

Integrated value chain from concentrate to refined copper, plus byproducts: The company conducts mining, milling, flotation, smelting, and refining, and also produces molybdenum concentrate and refined silver and gold, which broadens what can be sold from its operations.
Operational progress in Peru: Peruvian operations were 94% of the 2022 production plan, supporting continuity in a key geography for copper mining and processing.
Operating throughput remains substantial: Copper sales are reported at 224,063 tons in the latest quarter inputs.

Bear case

Disruptions can reduce copper output: Copper production decreased due to unusual events in Peruvian operations, with the metric showing 25,624 tons.
Concentration risk in Peru operations: With Peruvian operations at 94% of the 2022 production plan, operational issues in Peru can have outsized impact versus a more geographically balanced profile.
Byproduct and commodity sensitivity: The business produces multiple commodities, including molybdenum and precious metals, which can mean results depend on conditions across more than one input and output market (for example, an average molybdenum price is tracked in the operating metrics).

Valuation — source: SEC EDGAR (first-party)
Price	$214.24
Market Cap	$178.75B
P/E Ratio	31.5
EV / EBITDA	18.3
Price / Book	14.07
Price / Sales	11.32
FCF Yield	2.9%
DCF Value (model)	$81.77
DCF Upside vs Price	-61.8%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$13.42B
Net Margin	32.4%
Revenue Growth (YoY)	40.6%
EPS Growth (YoY)	66.1%
FCF Growth (YoY)	111.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	12.68 (safe)
Piotroski F-Score	8/9 (strong)

Valuation vs Sector & Industry
Stock P/E	31.5
Sector P/E (Materials)	25.9
Industry P/E (Metal Mining)	26.9
vs Sector	21.5%
vs Industry	16.9%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($1.62B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Materials
Industry	Metal Mining
CEO	Oscar Gonzalez Rocha
Employees	16,133
Country	US
IPO Date	1996-01-05

Related Companies (Metal Mining; 8 comparable companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.