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SCCO

Southern Copper Corporation

NYSE: SCCO · BASIC MATERIALS · COPPER

$171.69
+1.94% today

Updated 2026-04-30

Market cap
$141.83B
P/E ratio
28.81
P/S ratio
9.75x
EPS (TTM)
$5.96
Dividend yield
1.96%
52W range
$83 – $224
Volume
1.7M

Southern Copper Corporation (SCCO) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$171.69
Consensus
$135.21
-21.25%
2030 Target
$284.53
+65.72%
DCF
11 analysts:
0 Buy3 Hold13 Sell

Management guidance

Southern Copper announced a $19.9 billion investment plan over the next decade targeting copper production of approximately 1.6 million tons annually by 2035. The company is proceeding with the Tía María project (expected operation in 2027, producing 120,000 tons/year of copper cathodes) and has designated Peru's backing for this $1.8 billion project as a near-term catalyst.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$480.14
$20.1B Rev × 20x P/S
Base case (2030)
$284.53
$20.1B Rev × 12x P/S
Bear case (2030)
$195.61
$20.1B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$9.9B$11.4B$13.4B$15.7B$15.8B$16.9B$18.4B$20.1B
Revenue growth15.5%17.4%16.8%1.1%7.0%8.9%9.2%
EPS$3.19$4.10$5.26$6.63$6.35$6.85$7.55$8.35
P/S ratio12.0x12.0x12.0x12.0x12.0x
Implied price$231.18$231.18$248.96$266.75$284.53

Catalysts & risks

Growth catalysts
+ Tía María copper project commissioning in 2027 (120,000 tons/year capacity)
+ Execution of $19.9B decade-long expansion plan to reach 1.6M tons/year by 2035
+ Global copper supply deficit from energy transition and AI infrastructure demand
+ Peru government backing and national-interest status for major projects
+ Metso technology contracts for SX-EW plants reducing production costs
Key risks
- Declining ore grades in Peru reducing production volumes 2025-2027 despite guidance
- Copper price volatility: recent peak in early 2026 followed by correction
- Geopolitical tensions (Iran conflict, tariff uncertainty) pressuring commodity prices
- Execution risk on $19.9B capex plan and capital allocation constraints
- Analyst consensus remains 'Sell' with downgrades from BofA, UBS, and JP Morgan

Methodology

Southern Copper Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 11 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.