Southern Copper Stock Dips Amid Copper Price Stability

Southern Copper stock dipped by 0.21 percent on September 19, 2026, closing at $195.70 per share. This decline came amidst a copper price of $6.72 per pound, which still supports the producer's earnings power.

The company reported a profit margin of 38.94 percent in Q2 FY26, with revenue rising by 40.6 percent year-over-year to $4.29 billion. Analysts noted that this demonstrates how strongly copper prices impact results.

Despite this performance, analysts' target price for Southern Copper sits below the current share price at $146.84, indicating a valuation issue rather than just a short-term fluctuation.