The company reported 2025 sales of US$13.4b and net income of US$4.3b, with management now pointing to US$16b of expected revenue in 2026 supported by a projected global copper deficit. Southern Copper is making progress on its Tia Maria copper project in Peru, with the company linking this advance to an expected uplift in revenues from 2026. Southern Copper's operations are concentrated in Peru and Mexico, where it owns and operates multiple large-scale mining and processing facilities.
Cyborg Score Rationale
The company delivered record 2025 results with $13.4B in sales and $4.3B net income, with management expecting $16B revenue in 2026. Wells Fargo raised Southern Copper's price target from $144 to $182 with a favorable outlook for copper and aluminum, driven by limited new supply in early 2026. Strong positioning in a tight-supply market with a growth project pipeline presents solid upside potential.
Top Insights
Twelve analysts covering Southern Copper are predicting revenues of US$16b in 2026, reflecting a 17% improvement in sales compared to the last 12 months.
Industry voices warn of a potential global copper supply crisis driven by rising demand.
The company's investments aim to escalate copper production significantly by 2033, placing SCCO in an advantageous position to meet global demand and capture market share.
Net sales rocketed by 39% year-over-year to reach $3,869.8M in Q4, with earnings per share climbing to $1.56 from $0.98 the previous year and net income margin spiking by 530 basis points.
Named Competitors
Freeport McMoRan — Major integrated copper producer with global mining operations
BHP — Diversified mining company with significant copper operations
Codelco — World's largest copper producer, Chilean state-owned enterprise
Recent Developments
(February 2026) Southern Copper stock trading at $198.58 with market cap of $165B following strong Q4 earnings announcement
(February 2026) Wells Fargo raised price target to $182 citing limited copper supply and tariff-driven high US prices
(January 2026) Company reported record Q4 net sales of $3.87B (39% YoY growth) and announced $16B revenue guidance for 2026
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