timothy sykes logo

Stock News

Wells Fargo Revises Southern Copper Price Target to $182, Forecasts Strong Copper Year

Tim SykesAvatar
Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 1/24/2026, 8:13 am ET 1/24/2026, 8:13 am ET | 4 min 4 min read
Wells Fargo Revises Southern Copper Price Target to $182, Forecasts Strong Copper Year Thumbnail

Southern Copper Corporation’s stocks have been trading up by 4.93 percent amid strong demand forecasts boosting investor confidence.

Materials industry expert:

Analyst sentiment – positive

  1. Southern Copper Corporation (SCCO) is well-positioned within the market, evidenced by robust financial performance. With a revenue of $11.43 billion and profitability ratios such as an EBIT margin of 45.8% and a gross margin of 55.3%, SCCO demonstrates operational efficiency. Its strong financial health is further bolstered by a healthy current ratio of 4.5 and a quick ratio of 3.7. SCCO’s return on equity stands at 36.13%, indicating effective use of equity capital. While the PE ratio at 36.98 suggests a valuation premium, its strong free cash flow and moderate leverage ratio of 2 support a sustainable financial trajectory.

  2. Analyzing SCCO’s weekly price patterns reveals a consolidation phase with slight bullish undertones. Recent trading range observed between $176 and $190 indicates price compression, with a closing price rally from $177.69 to $185.10. The reversal from lows around $176.41 to highs at $185.1 signifies potential accumulation. For trading strategy, a breakout above $190 on significant volume could signal bullish continuation, while a breakdown below $176 would negate this stance. Thus, a long entry is advised on a convincing breach above $190, with volume trend confirming upward pressure.

  3. Recent analyst actions reflect a mixed yet somewhat positive outlook for SCCO. Upward price target revisions and favorable supply-demand dynamics for copper and aluminum are significant tailwinds. Notably, Wells Fargo’s optimism with a price target of $182 acknowledges these favorable conditions. While SCCO might face resistance owing to Citi’s and Goldman Sachs’ cautious approach with ‘Sell’ ratings, strong U.S. copper prices and potential tariff-driven benefits suggest resilience. In conclusion, SCCO holds potential for growth with technical resistance at $190 and potential support at $176, aligning with broader industry bullishness.

Candlestick Chart

Weekly Update Jan 19 – Jan 23, 2026: On Saturday, January 24, 2026 Southern Copper Corporation stock [NYSE: SCCO] is trending up by 4.93%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

The current financial landscape of Southern Copper Corporation is molded by a mix of positive growth forecasts and cautious market implications. Revenue figures showcase a formidable strength, with total revenue standing at approximately $11.43B. The profitability margins are robust, marked by an EBIT margin of 45.8% and an EBITDA margin of 56.1%. As these figures suggest, Southern Copper is leveraging its operational efficiency to maintain a rampant profitability stripe amid a competitive industry space.

The company also demonstrates strong cash flow abilities, showcasing a free cash flow of over $1.21B which fuels their capacity for continued capital investments and strategic initiatives. The balance sheet reflects healthy liquidity, with a current ratio of 4.5 indicating strong short-term financial health and confidence in meeting immediate obligations.

On the trading front, the stock price movement experienced some fluctuation. Starting at $186.25, prices soared and closed at $187.29 after seeing highs of $190. This illustrates investor optimism tied to favorable forecasted outcomes for copper and strategic price target revisions by financial entities.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. Explore his top picks and discover the strategies that have propelled him to success with these articles:

Once you’ve got some stocks on watch, elevate your trading game with StocksToTrade the ultimate platform for traders. With specialized tools for swing and day trading, StocksToTrade will guide you through the market’s twists and turns.
Dig into StocksToTrade’s watchlists here:

How much has this post helped you?

(0 votes, average: 0 out of 5)
Leave a reply
Author card Timothy Sykes picture

Tim Sykes

Head Writer at TimothySykes.com, Lead Mentor at the Trading Challenge
In his 20-plus years of trading, Tim has made $7.9 million. In his 15-plus years of teaching, Tim’s Trading Challenge has produced over 30 millionaire students. His philosophy emphasizes small gains and cutting losses quickly.
Read More

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”