SOUTHERN COPPER CORPORATION vs WHEATON PRECIOUS METALS CORP., two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
42 against 16.93: returns on equity, Southern Copper over Wheaton, the best operating franchise in copper earning two and a half times the best streaming book in precious metals per unit of capital. Wheaton's rebuttal is its 63.6% net margin and its immunity to cost inflation; Southern's is that its 58.3% operating margin makes the immunity nearly pointless this cycle. The multiples sit at 28.5 and 35 times, the streamer dearer despite the weaker returns. Southern pays 1.8% on 0.57 turns of debt; Wheaton is clean. The pair closes mining's grand tour on its central pricing habit: abstraction over excellence, again, by six and a half turns.
Comparison updated 2026-07-10.
| Metric | SCCO | WPM |
|---|---|---|
| Price | $171.42 | $113.45 |
| Market cap | $140.9B | $51.5B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +26.6% | — |
| P/E | 28.5 | 35.0 |
| P/B | 11.88 | 5.93 |
| P/S | 9.68 | 22.25 |
| EV/EBITDA | 16.2 | 31.8 |
| Revenue growth | +22.1% | +22.7% |
| Gross margin | — | 72.2% |
| Operating margin | 58.3% | 68.3% |
| Net margin | 34.2% | 63.6% |
| Return on equity | 42.0% | 16.9% |
| Return on assets | 22.7% | 16.1% |
| Return on invested capital | 33.7% | 15.8% |
| FCF yield | 3.0% | 3.7% |
| Dividend yield | 1.8% | — |
| Debt / equity | 0.57 | 0.00 |
| Current ratio | 4.38 | 7.78 |
| Altman Z (solvency) | 7.74 | 7.68 |
| Piotroski F (quality) | 8 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.