SOUTHERN COPPER CORP/(SCCO)Stock Analysis
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Rank #8 of 2,879 stocksTOP 1%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
SCCO Stock Analysis & AI Quality Score
AI stock analysis and institutional research for SOUTHERN COPPER CORP/ (SCCO), a Materials sector company. 13F Pro's AI-powered ranking engine scores SCCO at 86.6/100 on a 32-signal composite quality model, placing it at rank #8 of 2,879 stocks — the top 1% of the AI-ranked universe. SCCO scores in the top quartile across balance sheet strength (97.4), profitability (92.8), revenue scale (89.6). Based on the latest XBRL financial filings (Q1 2026), SOUTHERN COPPER CORP/ reports quarterly revenue of $4.3B, net income of $1.6B, an operating margin of 58.3%. Top institutional holders of SCCO by reported 13-F value include BlackRock,, Capital World Investors, STATE STREET, based on the most recent SEC filings. SCCO trades on the NYSE exchange and files with the SEC under CIK 1001838. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SCCO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SOUTHERN COPPER CORP/ directly from SEC EDGAR. SOUTHERN COPPER CORP/'s 13F Pro composite quality score has ranged between 8 and 87 since 2021, currently 86.6 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving SCCO's Business? Latest 10-Q Breakdown
AI-extracted from SOUTHERN COPPER CORP/'s 10-Q filed 2026-04-30 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Southern Copper's Q1 net income surged 67% to $1.58B on 36% revenue growth driven by copper prices up 37.5% and stronger silver/zinc volumes.
Biggest Revenue Drivers
Total revenue: $4,251.4M+36.2% YoY
Higher LME copper prices (+37.5%) partially offset by lower sales volumes (-4.9%).
Strong price increases (+157.9%) and higher sales volumes (+11.6%).
Increased volumes (+16.4%) and higher prices (+14.0%).
Largest Expense Items
Slight increase in depreciation expenses.
Modest increase in administrative costs.
Margins: Operating margin expanded significantly, with operating income rising 61.5% to $2.48B as revenue growth of 36.2% outpaced operating cost growth of 11.6%, driven by stronger metal prices and improved by-product revenue contribution.
Watch Items from the Filing
- Copper production declined 4.0% YoY to 508.3 million pounds, driven by lower grades at Cuajone, Toquepala, and Buenavista mines, indicating potential reserve depletion concerns.
- Operating cash cost net of by-product revenues shifted to a credit of ($0.11) per pound from a cost of $0.77 per pound, highly dependent on volatile silver/molybdenum/zinc price surges that may not persist.
- Eight lawsuits against Peruvian operations related to Tia Maria project remain pending; potential contingency cannot be estimated; Garcia Ataucuri labor shares case involves 8.5M shares with unresolved valuation.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$4.3B
Net Income
Q1 2026
$1.6B
Free Cash Flow
Q1 2026
$1.3B
Operating Margin
Q1 2026
58.3%
D/E Ratio
Q1 2026
0.57
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+15.5% YoYNet Income
+39.2% YoYOperating Income
+32.5% YoYEPS (Diluted)
+38.0% YoYTotal Assets
+11.9% YoYTotal Debt
+8.1% YoYOp. Cash Flow
+23.7% YoY| Metric | FY 2024 | FY 2023 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $11.43B +15.5% | $9.90B -9.5% | $10.93B +50.1% | $7.29B +2.7% | $7.10B +6.6% | $6.65B |
| Net Income | $3.38B +39.2% | $2.43B -28.6% | $3.40B | — | — | — |
| Operating Income | $5.55B +32.5% | $4.19B -30.9% | $6.07B +120.3% | $2.75B -4.4% | $2.88B +10.0% | $2.62B |
| EPS (Diluted) | $4.02 +38.0% | $2.91 -30.5% | $4.19 +128.6% | $1.83 | — | — |
| Total Assets | $18.71B +11.9% | $16.73B -8.6% | $18.30B +11.5% | $16.41B +14.8% | $14.29B +3.7% | $13.78B |
| Total Debt | $6.76B +8.1% | $6.25B -8.7% | $6.85B -6.7% | $7.34B +23.2% | $5.96B +0.1% | $5.96B |
| Operating Cash Flow | $4.42B +23.7% | $3.57B -16.8% | $4.29B +124.5% | $1.91B -14.5% | $2.24B +13.1% | $1.98B |
AI Insight: SCCO Financial Trends
Operating income surged 54% year-over-year to $2.48B in Q1 2026 as revenue climbed 36%, while leverage finally declined after three quarters of creep.
• Revenue rose 36% from $3.12B (Q1 2025) to $4.25B (Q1 2026); operating income expanded 61% to $2.48B over the same period.
• Operating cash flow recovered to $1.69B in Q1 2026 vs. $721M in Q1 2025, reflecting improved working capital management.
• Total debt declined to $6.75B in Q1 2026 from $7.25B in Q4 2025, first reduction in four quarters; debt-to-equity fell to 0.57x.
⚠ Debt had climbed 7% from Q2 2024 ($6.76B) through Q4 2025 ($7.25B); recent paydown must sustain amid commodity price volatility.
⚠ Operating margin compressed slightly: 49.3% (Q1 2026) vs. 49.1% (Q4 2025)—stable but tracking near historical peak; watch for mean reversion.
AI Insight: SCCO Ratio Trends
Operating margin surged to 58.3% in Q1 2026, with ROIC hitting 53.5%—strongest metrics in the dataset—as leverage compressed to 0.57 D/E.
• OpMargin expanded 11.4pp from Q2 2024 (51.5%) to Q1 2026 (58.3%), with consecutive quarterly gains since Q4 2024.
• ROIC climbed 11.3pp from Q4 2024 trough (32.8%) to Q1 2026 (53.5%), signaling sharply improved capital efficiency.
• Debt-to-equity fell from 0.80 in Q2 2024 to 0.57 in Q1 2026, the lowest ratio in the period.
⚠ Q1 2026 margins and ROIC are notably elevated vs TTM (58.3% vs 54.6% OpMargin; 53.5% vs 42.9% ROIC)—monitor for mean reversion seasonality.
⚠ ROIC volatility: swung from 32.8% (Q4 2024) to 53.5% (Q1 2026)—confirm sustainability amid commodity price cycles.
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Available Research
13F Pro tracks comprehensive data for SOUTHERN COPPER CORP/ including:
Top Institutional Holders of SCCO
BlackRock, Inc.
$1.6B9,399,876 shCapital World Investors
$1.5B8,611,291 shSTATE STREET CORP
$501.3M2,913,623 shNeuberger Berman Group LLC
$448.6M2,608,992 shMIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
$422.4M2,456,175 shFisher Asset Management, LLC
$397.2M2,308,526 shGOLDMAN SACHS GROUP INC
$248.9M1,446,418 shMORGAN STANLEY
$243.7M1,416,570 shBANK OF AMERICA CORP /DE/
$228.3M1,326,812 shCapital Research Global Investors
$219.2M1,274,258 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.6B | 9,399,876 |
| Capital World Investors | $1.5B | 8,611,291 |
| STATE STREET CORP | $501.3M | 2,913,623 |
| Neuberger Berman Group LLC | $448.6M | 2,608,992 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $422.4M | 2,456,175 |
| Fisher Asset Management, LLC | $397.2M | 2,308,526 |
| GOLDMAN SACHS GROUP INC | $248.9M | 1,446,418 |
| MORGAN STANLEY | $243.7M | 1,416,570 |
| BANK OF AMERICA CORP /DE/ | $228.3M | 1,326,812 |
| Capital Research Global Investors | $219.2M | 1,274,258 |
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Popular Research
Is SCCO a good stock to buy?
13F Pro's AI-powered analysis of SOUTHERN COPPER CORP/ (SCCO) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Materials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SCCO are available on the SCCO stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own SCCO?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SCCO. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of SOUTHERN COPPER CORP/'s investment landscape.