Why Is SOUTHERN COPPER CORP (SCCO) Stock Up Today?
By the Top Tier Newswire AI Desk · August 21, 2026 at 9:47 AM ET · reviewed against 1 wire stories
SOUTHERN COPPER CORP (SCCO) is up +7.50% in the latest session. Our newswire has captured 1 story on SCCO across 1 source in the last 36 hours, with AI sentiment reading bullish (avg 73/100).
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Southern Copper Corp (SCCO) shares rose 7.50% to $213.63 in morning trading on August 21, driven by a strong intraday move following a significant gap up at the open. The stock has outperformed the S&P 500 this year, with shares up nearly 30% year to date, supported by record second-quarter net sales and net income, along with a raised quarterly dividend.
What Happened
SCCO opened at $203.34, a 2.3% gap up from the prior close of $198.73. The stock quickly climbed to a session high of $213.95 at 9:45 AM ET, reflecting strong early buying pressure. The move appears to be part of a broader trend of outperformance, as highlighted by a Yahoo Finance article noting Southern Copper’s record sales and income, alongside a raised dividend. This has drawn renewed attention to the stock, particularly in the context of copper supply chain challenges and rising mining profits.
What The Data Shows
The stock is currently trading at a price-to-earnings ratio of 29.9, with trailing 12-month revenue up 32.8% and a net margin of 35.9%. It has a market cap of $164.4 billion and a beta of 1.14, indicating slightly higher volatility than the broader market. The stock is also near its 52-week high of $219.04, having printed 34 fresh 52-week highs on the day. Volume remains muted, at 0.1 million shares traded so far, which is 0.1 times the 3-month daily average.
What To Watch
Southern Copper Corp is not scheduled to report earnings in the near term. Investors should monitor the breadth of coverage and any further analyst activity, as well as the company’s position in the evolving copper market.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
SCCO · Aug 21 session (5-min) · +8.97% vs prior close · updated 8:51 PM ETAI sentiment, last 36h · averaged over 1 story · 73/100 bullish
The headlines behind the move
25d agoYahoo TopBULLISH 73General
This Safe Dividend Stock Is Beating the S&P 500 in 2026. How to Play It for the Next Year and Beyond.
Southern Copper is drawing attention, with its outperformance of the S&P 500 so far this year, and shares up almost 30%, driven by record second-quarter net sales and net income, along with a raised quarterly dividend.
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