SCCO

Southern Copper reported Q3 2026 earnings of $2.15 per share, beating consensus estimates of $2.04, with revenues of $4.7 billion exceeding expectations by 4.50%. The stock has gained 41% year-to-date, outperforming the S&P 500's 12.7% gain.

However, the company received a Zacks Rank #3 (Hold) rating due to mixed estimate revisions, suggesting near-term performance in line with the market. The Mining - Non Ferrous industry ranks in the bottom 17% of Zacks industries.

Southern Copper (SCCO) declined 3.25% on October 14, 2026, outpacing the S&P 500's 1.11% loss. Despite a 9.52% monthly gain, the stock faces headwinds in the Basic Materials sector.

Upcoming earnings are projected to show strong growth with EPS of $2.07 (up 53.33% YoY) and revenue of $4.5 billion (up 33.33% YoY). The stock carries a Zacks Rank #3 (Hold) with a Forward P/E of 26.13, trading at a premium to its industry average.

Southern Copper (SCCO) is expected to report Q3 2026 revenues of $4.50 billion (up 33.3% YoY) and EPS of $2.07 (up 53.3% YoY), driven by higher metal prices offsetting lower production volumes. However, the company faces headwinds from a 3.5% decline in copper production, lower ore grades in Peru, and elevated operating costs. The Zacks model does not predict an earnings beat due to a negative Earnings ESP of -4.35%, despite the company's strong historical track record of beating estimates.