Southern Copper Corporation (SCCO)

In the past six months, Southern Copper Corp. stock has increased significantly. The company reported strong financial performance, including record first-quarter 2026 results, driven by higher prices and lower operating costs. The company has also consistently beaten analyst earnings estimates. The announcement of the death of its CEO, Oscar Gonzalez Rocha, and the appointment of Leonardo Contreras Lerdo de Tejada as the new Chief Executive Officer also impacted the company. The Board authorized a quarterly cash dividend and a stock dividend.

Demand for Southern Copper Corp.'s products is cyclical and closely correlated with global economic growth. China's economic growth rates significantly impact global copper consumption. New technologies and global trends are creating structural demand that extends beyond traditional economic cycles, including electrification, renewable energy, electric vehicles and AI.

Southern Copper Corp. is focused on extracting, transforming, and commercializing mineral resources, with main products including copper, molybdenum, silver, and zinc. It operates through Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. The majority of its revenue is generated from copper sales.

Southern Copper Corporation's facilities are primarily located in Peru and Mexico, including the Cuajone and Toquepala mines in Peru, and the Buenavista and La Caridad mines in Mexico. The company also conducts exploration activities in Argentina, Chile, and Ecuador. Its geographical segments for revenue generation encompass The Americas, Europe, and Asia.

In the past year, Southern Copper Corp. has seen a positive development in its reputation, with S&P Global increasing SCC's rating. The company has undertaken initiatives such as financing school modernizations and providing free medical consultations. However, the company has also faced challenges, including an alert issued by Southern Peru regarding scammers creating fake social media accounts.

Grupo México S.A.B. de C.V. is the largest individual shareholder, owning 88.9% of the company. Major institutional owners of SCCO include BlackRock, Inc., Capital World Investors and Price T Rowe Associates Inc. Approximately 5.06% of the company's stock is owned by institutional investors, while insiders own about 0.06%, and public companies and individual investors hold roughly 94.88%.