• Southern Copper Corporation (NYSE:SCCO) was downgraded by UBS from a Neutral to a Sell rating, despite a recent stock price increase of 1.5%.
• The company's shares have surged by 27.44% over the past month, significantly outperforming the Basic Materials sector and the S&P 500.
• Expectations for the upcoming earnings release include an EPS of $1.44 and revenue of $3.62 billion, indicating substantial year-over-year growth.

Southern Copper Corporation (NYSE:SCCO) is a major player in the mining industry, primarily engaged in the production of copper, molybdenum, zinc, and silver. The company operates in Peru and Mexico, making it one of the largest integrated copper producers globally. Southern Copper faces competition from other mining giants like Freeport-McMoRan and BHP Group.

On January 21, 2026, UBS downgraded Southern Copper from a Neutral rating to a Sell rating, with the stock priced at $186.25. Despite this downgrade, Southern Copper's stock recently closed at $182.97, marking a 1.5% increase from its previous close. This performance outpaced the S&P 500's gain of 0.26%, the Dow's rise of 0.6%, and the Nasdaq's increase of 0.25%.

Over the past month, Southern Copper's shares have surged by 27.44%, significantly outperforming the Basic Materials sector's 8.62% gain and the S&P 500's 1.57% increase. Investors are eagerly awaiting the company's upcoming earnings release, with expectations of an EPS of $1.44, a 42.57% increase from the previous year. Revenue is projected to reach $3.62 billion, reflecting a 30.11% rise from the same quarter last year.

For the entire year, the Zacks Consensus Estimates predict earnings of $5.3 per share and revenue of $13.17 billion, indicating a 22.4% increase in earnings with stable revenue. Southern Copper's stock is currently priced at $186.25, reflecting an increase of 2.93% or $5.30. The stock has fluctuated between a low of $179 and a high of $186.63 today.

Southern Copper's market capitalization stands at approximately $152.56 billion, with a trading volume of 1,807,273 shares. Over the past year, the stock has reached a high of $186.67 and a low of $72.86. Despite the recent downgrade by UBS, Southern Copper's strong performance and positive earnings outlook continue to attract investor interest.