• Jefferies sets a new price target for NYSE:SCCO at $155, suggesting a 20.82% potential upside.
• SCCO's stock performance outpaces the Basic Materials sector and the S&P 500, with a 24.3% increase.
• Despite a projected EPS decrease, revenue is expected to grow by 5.28% in the upcoming earnings report.

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 competes with other mining giants like Freeport-McMoRan and BHP Group.

On October 6, 2025, Jefferies set a new price target for SCCO at $155, indicating a potential upside of 20.82% from its current trading price of $128.29. This optimistic outlook comes as SCCO closed at $128.29, marking a 2.37% increase from its previous close. This performance outpaced the broader market, with the S&P 500 gaining only 0.01% on the same day.

Southern Copper's recent stock performance has been impressive. Prior to the latest session, SCCO shares had already risen by 24.3%, significantly outperforming the Basic Materials sector's gain of 5.58% and the S&P 500's gain of 4.83%. This strong performance is reflected in its market capitalization, which stands at approximately $103.35 billion.

Investors are closely watching Southern Copper's upcoming earnings report. The company is expected to report an EPS of $1.11, a 3.48% decrease from the same quarter last year. However, the Zacks Consensus Estimate for revenue anticipates net sales of $3.09 billion, marking a 5.28% increase from the previous year. For the entire year, earnings are predicted to be $4.78 per share.

SCCO's stock has shown significant volatility, with a daily range between $126.60 and $129.83, the latter being its highest price over the past year. The lowest price for the year was $73.44. The trading volume for the day reached 2,117,404 shares on the NYSE, indicating strong investor interest in the stock.