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Southern Copper Jumps as Copper Rally Lifts Miner Shares

Investivoq PriceTracker

Southern Copper Corporation (SCCO) is up 5.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a sharp move higher in copper prices, which tends to boost sentiment toward large copper producers like Southern Copper. The stock also appears to be benefiting from the company’s already strong 2026 operating and earnings backdrop, making it a direct way for investors to express a bullish view on the metal.

Details:

  • Benchmark copper prices moved higher this week as traders focused on possible post-holiday restocking in China, tight visible inventories, and supply disruption risk tied to a major Chilean mine.
  • Southern Copper’s latest quarterly results showed record second-quarter 2026 net sales, with the company highlighting much stronger realized prices for copper and other metals versus the prior year.
  • The company’s filings and recent disclosures do not show an obvious new company-specific negative event that would offset the benefit of a stronger copper tape, which points to the commodity move as the clearest explanation.
  • This could also be because investors are rotating into large, liquid copper names as a way to gain exposure to improving fundamentals in industrial metals.

    • Sources:

    Southern Copper Corporation, SEC, Fidelity

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $SCCO Insider Trading Activity

    SCCO Insider Trades

    $SCCO insiders have traded $SCCO stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

    Here’s a breakdown of recent trading of $SCCO stock by insiders over the last 6 months:

    • BONILLA LUIS MIGUEL PALOMINO has made 0 purchases and 13 sales selling 1,504 shares for an estimated $299,339.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $SCCO Hedge Fund Activity

    We have seen 430 institutional investors add shares of $SCCO stock to their portfolio, and 394 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • ACADIAN ASSET MANAGEMENT LLC removed 1,823,681 shares (-96.3%) from their portfolio in Q2 2026, for an estimated $314,026,379
    • JPMORGAN CHASE & CO added 1,138,973 shares (+inf%) to their portfolio in Q2 2026, for an estimated $196,123,975
    • CAPITAL WORLD INVESTORS removed 946,954 shares (-10.8%) from their portfolio in Q2 2026, for an estimated $163,059,512
    • NORGES BANK added 790,392 shares (+inf%) to their portfolio in Q2 2026, for an estimated $136,100,522
    • AGF MANAGEMENT LTD removed 702,423 shares (-54.0%) from their portfolio in Q2 2026, for an estimated $120,952,815
    • CAPITAL RESEARCH GLOBAL INVESTORS removed 572,643 shares (-44.0%) from their portfolio in Q2 2026, for an estimated $98,605,516
    • BANK OF AMERICA CORP /DE/ added 471,273 shares (+34.8%) to their portfolio in Q2 2026, for an estimated $81,150,241

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $SCCO Price Targets

    Multiple analysts have issued price targets for $SCCO recently. We have seen 6 analysts offer price targets for $SCCO in the last 6 months, with a median target of $153.0.

    Here are some recent targets:

    • Timna Tanners from Wells Fargo set a target price of $172.0 on 07/09/2026
    • Carlos De Alba from Morgan Stanley set a target price of $158.0 on 07/08/2026
    • Myles Allsop from UBS set a target price of $160.0 on 06/30/2026
    • Rodolfo Angele from JP Morgan set a target price of $131.5 on 06/17/2026
    • Alfonso Salazar from Scotiabank set a target price of $140.0 on 06/15/2026
    • Matthew Murphy from Barclays set a target price of $148.0 on 05/22/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.