ATLAS News · Commodities

UBS Upgrades Southern Copper to Neutral on Valuation After Selloff

Published November 10, 2026 · 4 sources

UBS has upgraded Southern Copper (SCCO) to Neutral on valuation after a selloff, while the company reported record third quarter sales and net income.

What happened

Investing.com and GuruFocus report that UBS has upgraded its rating on Southern Copper (SCCO) to Neutral. Investing.com says the move is based on valuation after a selloff in the stock.

Separately, Simply Wall St notes that the company reported record third quarter net sales and net income. It attributes the results to strong copper prices and low operating cash costs.

Simply Wall St also points to progress on major projects, including Tia Maria in Peru and El Pilar in Mexico. It says the business leans heavily on future volume from Peru and Mexico, and that reported operating cash costs are helped by by-product credits.

Context

Brokerage rating changes reflect an analyst's view of a stock's valuation relative to its outlook, and copper miners are closely tied to copper prices.

Why it matters

The upgrade and the record quarterly results are two datapoints investors may weigh when assessing Southern Copper, though the sources do not say how the stock will behave.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

Southern CopperSCCO

+5.23%

Basic Materials · NYSE

Live price

$176.02▲ +5.23%

live price · USD

Close on November 9: $176.02+5.23% vs. previous close ($167.27)
Fair value (ATLAS): $126.65Fair range: $49.14 to $173.64The price ($176.02) is 39.0% above that figure.
Chance of a rise in 1 month: 48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $160.23 and $191.35; 9 in 10, between $136.90 and $223.96.

See the full ATLAS analysis of Southern Copper →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

Record Earnings Might Change The Case For Southern Copper Stock · Simply Wall St · November 10, 2026
UBS upgrades Southern Copper stock rating on valuation after selloff · Investing.com · November 10, 2026
UBS upgrades Southern Copper stock rating on valuation after selloff By Investing.com · Investing.com Canada · November 10, 2026
Southern Copper (SCCO) Rating Upgraded to Neutral by UBS Amid Ma · GuruFocus · November 10, 2026

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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer