Wells Fargo Cuts Southern Copper (SCCO) Price Target Amid Copper Rally

On April 15, 2026, Wells Fargo lowered its terms people connected Southern Copper Corporation (NYSE:SCCO) from $192 to $186. The firm’s expert Timna Tanners kept an Equal Weight standing connected the company’s stock. The update was portion of the firm’s adjustments to the assemblage estimates, pursuing elevated copper terms forecasts driven by excavation disruptions and rising costs.

Southern Copper Corporation (NYSE:SCCO) saw different accommodation to its terms people this month. On April 23, 2026, Scotiabank raised the firm’s terms people connected Southern Copper (SCCO) to $133 from $125 portion keeping an Underperform standing connected the company’s stock. According to the firm’s analyst, Scotiabank accrued its price-to-NAV aggregate for the company’s Mexican open-pit assets. The probe notes besides told the investors that the steadfast maintains a cautious outlook, citing a deficiency of charismatic upside to existent valuation levels. Notably, Southern Copper Corporation (NYSE:SCCO) is the largest pure-play copper miner that is not yet portion of the S&P 500 index.

Founded successful 1952, Southern Copper Corporation (NYSE:SCCO) is 1 of the world’s largest integrated copper producers successful the world. The Arizona-based institution engages successful the development, production, and exploration of copper, molybdenum, zinc, and silver.

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