Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead. It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant in Mexico. The company also operates Buenavista, an open-pit copper mine, as well as two copper concentrators and two operating SX-EW plants in Mexico. In addition, it operates five underground mines that produce zinc, lead, copper, silver, and gold; a coal mine that produces coal and coke; and a zinc refinery. The company has interests in 59,252 hectares of exploration concessions in Peru; 503,104 hectares of exploration concessions in Mexico; 229,312 hectares of exploration concessions in Argentina; 27,353 hectares of exploration concessions in Chile; and 7,299 hectares of exploration concessions in Ecuador. Southern Copper Corporation was incorporated in 1952 and is based in Phoenix, Arizona. Southern Copper Corporation is a subsidiary of Americas Mining Corporation.
IPO Year:
Exchange: NYSE
Website: southerncoppercorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/13/2025 | $120.00 | Neutral → Buy | UBS |
| 12/12/2024 | $106.30 → $102.00 | Underweight → Equal-Weight | Morgan Stanley |
| 12/2/2024 | $92.50 | Underweight → Neutral | Analyst |
| 7/12/2024 | $120.00 | Neutral | UBS |
| 4/22/2024 | $80.00 | Hold → Reduce | HSBC Securities |
| 3/22/2024 | $91.00 → $130.00 | Hold → Buy | Jefferies |
| 11/27/2023 | $83.00 → $68.00 | Equal-Weight → Underweight | Morgan Stanley |
| 9/18/2023 | $91.00 | Hold | Jefferies |
| 5/10/2023 | $65.00 → $66.00 | Neutral → Sell | Goldman |
| 3/30/2023 | $70.00 | Overweight → Equal-Weight | Morgan Stanley |
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Copper supply can't keep up with the booming demand for copper, putting net-zero emissions targets at risk, according to a new report from S&P Global. Copper is essential for electric vehicles, wind and solar power, and infrastructure that transports and stores renewable energy. The report projects that copper demand will almost double to 50 million metric tons by 2035 and reach over 53 million metric tons by 2050. To put that number into perspective, S&P Global noted that it's "more than all the copper consumed in the world between 1900 and 2021." Solving the supply shortage isn't as simple as
10-Q - SOUTHERN COPPER CORP/ (0001001838) (Filer)
8-K - SOUTHERN COPPER CORP/ (0001001838) (Filer)
8-K - SOUTHERN COPPER CORP/ (0001001838) (Filer)
DEFA14A - SOUTHERN COPPER CORP/ (0001001838) (Filer)
DEF 14A - SOUTHERN COPPER CORP/ (0001001838) (Filer)
10-K - SOUTHERN COPPER CORP/ (0001001838) (Filer)
8-K - SOUTHERN COPPER CORP/ (0001001838) (Filer)
8-K - SOUTHERN COPPER CORP/ (0001001838) (Filer)
10-Q - SOUTHERN COPPER CORP/ (0001001838) (Filer)
8-K - SOUTHERN COPPER CORP/ (0001001838) (Filer)
4 - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4 - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4 - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4 - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4 - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4/A - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4/A - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4/A - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4 - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
4 - SOUTHERN COPPER CORP/ (0001001838) (Issuer)
UBS upgraded Southern Copper from Neutral to Buy and set a new price target of $120.00
Morgan Stanley upgraded Southern Copper from Underweight to Equal-Weight and set a new price target of $102.00 from $106.30 previously
Analyst upgraded Southern Copper from Underweight to Neutral and set a new price target of $92.50
UBS initiated coverage of Southern Copper with a rating of Neutral and set a new price target of $120.00
HSBC Securities downgraded Southern Copper from Hold to Reduce and set a new price target of $80.00
Jefferies upgraded Southern Copper from Hold to Buy and set a new price target of $130.00 from $91.00 previously
Morgan Stanley downgraded Southern Copper from Equal-Weight to Underweight and set a new price target of $68.00 from $83.00 previously
Jefferies initiated coverage of Southern Copper with a rating of Hold and set a new price target of $91.00
Goldman downgraded Southern Copper from Neutral to Sell and set a new price target of $66.00 from $65.00 previously
Morgan Stanley downgraded Southern Copper from Overweight to Equal-Weight and set a new price target of $70.00
Energy Metals News CommentaryIssued on behalf of Usha Resources Ltd. VANCOUVER, Aug. 9, 2024 /PRNewswire/ -- USA News Group - Energy Metals News – At the beginning of 2024, Forbes was reporting on a showdown between the United States and China over a dwindling copper supply, as prices soared. Now with the rise of artificial intelligence (AI), the tech sector is getting hungrier for more copper, with AI recently helping to find millions of tons of it in Zambia. Despite a small price slump over the last few months, there are still analysts confidently expressing bullish sentiment for copper over the long term, with Citigroup predicting further price increases. Looking ahead, the US copper supp
Energy Metals News CommentaryIssued on behalf of Usha Resources Ltd. VANCOUVER, BC, Aug. 1, 2024 /PRNewswire/ -- Energy Metals News – At the beginning of 2024, Forbes was reporting on a showdown between the United States and China over a dwindling copper supply, as prices soared. Now with the rise of artificial intelligence (AI), the tech sector is getting hungrier for more copper, with AI recently helping to find millions of tons of it in Zambia. Despite a small price slump over the last few months, there are still analysts confidently expressing bullish sentiment for copper over the long term, with Citigroup predicting further price increases. Looking ahead, the US copper supply is set to
TORONTO, Sept. 21, 2023 /PRNewswire/ - The supply of copper, essential for a host of industries and crucial to green technology and the global energy transition, is expected to face a supply gap of nearly 10 million mt within the next ten years according to a new report. The Oregon Group predicts a long-term supply deficit in the copper market, despite the existence of large global reserves. Supply of copper expected to face a supply gap of nearly 10 million mt within the next ten years.The report examines key trends affecting global copper supply and demand. These include years of supply side underinvestment, rising geopolitical tensions, and exponential growth of industries connected to d
FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Copper supply can't keep up with the booming demand for copper, putting net-zero emissions targets at risk, according to a new report from S&P Global. Copper is essential for electric vehicles, wind and solar power, and infrastructure that transports and stores renewable energy. The report projects that copper demand will almost double to 50 million metric tons by 2035 and reach over 53 million metric tons by 2050. To put that number into perspective, S&P Global noted that it's "more than all the copper consumed in the world between 1900 and 2021." Solving the supply shortage isn't as simple as
NEW YORK, Nov. 22, 2021 /PRNewswire/ -- Copper prices rose on Tuesday following positive developments in talks between US President Joe Biden and Chinese leader Xi Jinping. Following the virtual talks, the dollar weakened, improving risk sentiments among investors. With copper prices rising, and the two governments seeming to be on an amicable start investors are taking these developments as a sign that copper could be on the rebound from last month's drop. Copper mining companies such as Kutcho Copper (TSXV:KC) (OTCQX:KCCFF), Teck Resources Limited (NYSE:TECK) (TSX:TECK), Southern Copper Corporation (NYSE:SCCO), Capstone Mining Corp. (TSX:CS), and Turquoise Hill Resources Limited (NYSE:TRQ)
LIMA, Peru, Nov. 9, 2021 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), the world's leading index provider, and the Lima Stock Exchange ("BVL), today announced the debut of the S&P/BVL Peru General ESG Index, the latest in S&P DJI's growing family of global ESG indices based on some of the world's most highly-tracked regional and country-specific benchmarks. The first-of-its-kind index for the Peruvian market uses rules-based selection criteria using relevant ESG principles to select and weight its constituents from the S&P/BVL Peru General Index, Peru's headline stock index. The objective is to provide a best-in-class ESG benchmark of the Peruvian equities market to help promote sustai