SCCO

Southern Copper (SCCO) is recommended as an attractive growth stock with a Zacks Rank #2 (Buy) and Growth Score of A. The company demonstrates strong fundamentals including projected EPS growth of 52.1% (vs. industry average of 42.7%), efficient asset utilization with an S/TA ratio of 0.76 (vs. industry average of 0.44), and expected sales growth of 31.4% (vs. industry average of 20.7%). Upward earnings estimate revisions over the past month further support the positive outlook.

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.

Southern Copper (SCCO) is highlighted as a potential growth investment opportunity with a #3 (Hold) Zacks Rank and a Grade A Growth Style Score, forecasting 51.5% year-over-year earnings growth. Two analysts recently raised their earnings estimates, with the consensus estimate increasing to $7.94 per share, suggesting upside potential for growth-focused investors despite the neutral hold rating.

Southern Copper (SCCO) closed at $200.57, down 1.81%, underperforming the S&P 500. The stock has declined 2.06% over the past month while the Basic Materials sector fell 6.74%.

Analysts expect strong earnings growth with projected EPS of $2 (up 48.15% YoY) and revenue of $4.36 billion (up 29.08% YoY). However, SCCO trades at a Forward P/E of 26 with a PEG ratio of 1.82, both above industry averages, earning a Zacks Rank of #3 (Hold).

Southern Copper (SCCO) closed down 1.69% and is rated a Zacks Rank #3 (Hold). The company is expected to report strong earnings growth of 48.15% and revenue growth of 29.08% for the upcoming quarter, with full-year projections showing 50% earnings growth and 29.37% revenue growth.

However, the stock trades at a premium valuation with a Forward P/E of 25.79 versus its industry average of 25.3, and a PEG ratio of 1.8 compared to the industry average of 0.93. The Mining - Non Ferrous industry ranks poorly at #179 out of 250+ industries.

Southern Copper (SCCO) has a strong track record of beating earnings estimates, with an average surprise of 5.25% over the past two quarters. The company currently has a positive Earnings ESP of +8.00% combined with a Zacks Rank #3 (Hold), suggesting a high probability of another earnings beat in its next quarterly report.

Southern Copper is advancing $10.2 billion in Mexican investments to support long-term growth, with the El Pilar project set for construction in 2027 and production beginning in 2029. The company targets 1.056 million tons of copper production in 2029 and 1.6 million tons by 2035, positioning itself as a fully integrated copper producer. Peers Teck Resources and Freeport-McMoRan are also advancing major expansion projects to capitalize on growing copper demand.

First Quantum Minerals is expected to report Q3 2026 earnings on October 28 with consensus EPS of $0.19 (up 1050% YoY) and revenues of $1.8 billion (up 33.7% YoY). However, with a Zacks Rank #4 and Earnings ESP of +2.66%, the company is not considered a compelling earnings-beat candidate. The stock has missed consensus estimates in all of the last four quarters.