SOUTHERN COPPER CORPORATION
In the published model solve dated 2026-Q2, anchored at $197.24, SOUTHERN COPPER CORPORATION (SCCO) is priced for +22.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• The molybdenum, silver and zinc that come up alongside the copper now sell for more than it costs to run the mines: operating cash cost per pound of copper, net of by-product credits, was negative 3 cents across the first half of 2026 against 70 cents a year earlier [Source: Q2 2026 results, July 21, 2026]. • Peruvian output fell 12.0% in the June quarter on lower ore grades, and the roughly 10.3 billion dollars of projects meant to replace it sit in a country where an interim president was im
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803 institutional managers reported holding SCCO in 13F filings for the quarter ended 2026-03-31. Together they hold about 9% of the company; the top 10 hold 4%. 129 opened new positions that quarter. Held by BlackRock, Capital Group (American Funds), State Street, among others. On the short side, 11.4M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (7.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SCCO's share count grew 1.5% over the past five years even with $2.90B spent on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $3.10 a share annually. Cash returned over the past three years: $6.49B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at SCCO over the trailing three years. Absence is a fact about the company, not a signal. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SCCO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | +1.5% | -10.7% |
| 2023-11-02 | -0.8% | +13.5% |
| 2024-03-01 | -2.5% | +43.1% |
| 2024-05-01 | +4.6% | +0.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SCCO's latest 8-K filings: 2026-07-22 (items 2.02, 9.01); 2026-07-17 (items 5.07); 2026-06-26 (items 8.01, 9.01); 2026-06-25 (items 1.01, 2.03, 8.01, 9.01); 2026-06-17 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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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.