Southern Copper Valuation Estimated Overvalued Amid Strong Earnings

Southern Copper (SCCO) has reported strong Q2 and first half of 2026 earnings, along with a higher cash dividend of $1.10 per share.

The company's share price is $182.71 after a small pullback over the last day, with a 30-day return of 8.24% and year-to-date gain of 25.16%, showing momentum building.

Despite strong recent results, analysts estimate that Southern Copper's valuation is currently overvalued at $167.79, based on detailed revenue and margin forecasts.

The gap between projected earnings power, the chosen future P/E multiple, and the discount rate is where the story really lies, with some analysts expecting earnings to reach $6.9 billion by July 2029, while others predict as low as $5.4 billion.