Wells Fargo raises target for Southern Copper stock to USD 190.00
Published on 10/13/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Wells Fargo raised its Southern Copper target from USD 172.00 to USD 190.00 on October 6, 2026.
- Second-quarter 2026 revenue reached USD 4.29 billion, up 40.60 percent year over year.
- Southern Copper stock was trading at EUR 187.95 at Lang & Schwarz on October 13, 2026.
- The company is scheduled to report its next quarterly results on October 22, 2026.
Southern Copper (ISIN US84265V1052) was trading at EUR 187.95 at Lang & Schwarz on October 13, 2026 at 11:05 a.m. CEST. MarketBeat reports that Wells Fargo raised its Southern Copper target from USD 172.00 to USD 190.00 on October 6, 2026, while maintaining an Equal Weight rating.
What does the target change mean?
The revised USD 190.00 target remains below the latest US market quotation. MarketBeat reported that Southern Copper opened at USD 209.07 in the session covered by its October 10 article, placing the Wells Fargo target USD 19.07 below that reference price.
The broader analyst picture is more cautious. MarketBeat cited a consensus Reduce rating and an average target of USD 156.02, while Wells Fargo's revised USD 190.00 target stood above that consensus level by USD 33.98.
Second-quarter earnings set the baseline
MarketBeat reported that Southern Copper generated USD 4.29 billion in revenue in the second quarter of 2026, up 40.60 percent from the second quarter of 2025. Quarterly earnings per share reached USD 1.99, compared with a USD 1.93 consensus estimate.
Net income for the second quarter was USD 1.67 billion, according to MarketBeat, while the reported revenue was below the USD 4.37 billion analyst estimate. The combination gives investors two opposing signals: strong year-over-year expansion, but a revenue miss against expectations.
The company describes itself as an integrated copper producer with operations in Mexico and Peru. Its main products include copper, molybdenum, zinc, silver and lead, leaving earnings closely tied to copper prices and production execution.
Results date sets the next test
TickerLandia lists October 22, 2026 as the next quarterly-results date. That event will put the USD 4.29 billion second-quarter revenue base, the USD 1.99 earnings-per-share result and the production outlook back into focus.
Southern Copper stock at EUR 187.95
Southern Copper was trading at EUR 187.95 at Lang & Schwarz on October 13, 2026 at 11:05 a.m. CEST. The latest quote is the German-market reference for readers, while the analyst targets and reported earnings figures remain in USD.
The further course of trading is shown by the continuously updated real-time quote of Southern Copper stock.
Southern Copper stock facts
- Company: Southern Copper Corporation
- ISIN: US84265V1052
- Ticker: SCCO
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 13, 2026, 11:05 a.m. CEST: EUR 187.95
- Market capitalization: USD 174.1 billion (as of October 12, 2026)
- 52-week range: USD 115.74-221.24 (as of October 12, 2026)
- Sector / Industry: Basic Materials / Copper
- Next earnings date: October 22, 2026
Market context: Market report S&P 500.
