NAS10029,644+0.67%S&P7,651+0.17%GOLD$4,416+0.37%BTC$81,250+6.34%VIX14.81−4.08%live tape · as of 23:00 UTC
The Screen · Basic Materials · Copper
Southern Copper Corp
SCCO · the NYSE · USD · Market cap $163.9B · 16,617 employees
Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Mexico, the United States, Peru, Brazil, Chile, and Other American countries.
FAIL · Does not pass the screen
194.14 USD
At the last full screen 2026-09-10
Screened 2026-09-10 · the tape above runs as of 23:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markup label.
Southern Copper Corp holds its Markup at $194.14. Consolidating, no directional conviction, held for 9 days.
As held on the ledger · 2026-09-10
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 9 days
Price at the screen
$194.14
Valuation
29.19 trailing · 26.68 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.15
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
34.67%
Below 33%
Interest-bearing debt is 34.7% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
2.83%
Below 33%
Cash held in interest-bearing accounts and securities is 2.8% of assets, under the one-third limit.
Pass
Receivables
29.59%
Below 49%
Money owed to the company is 29.6% of assets, under the 49% limit.
Pass
Revenue purity
1.49%
Below 5%
Only 1.5% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-10 screen. The gold marker is the market price at the same screen. The price runs 41.9% above the base estimate.
Third-party analyst targets: 17 covering, consensus Underperform. The average target sits −16% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-10 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Copper Cycle Risks Cloud SCCO's Shine
Imagine a copper mining machine humming in the Andes, its production echoing Southern Copper Corp's revenue growth of 41%. The glittering metal it produces makes up the veins of our electronic world, but the business cycles of copper are as volatile as the Andean weather. Why it stands out, or rather, why we pass: despite robust revenue and profit margins, SCCO's cyclical nature paired with a high forward P/E of 30x and our fair value of $111.68 (-48% margin of safety) suggests we're potentially at the peak of earnings, which is a classic cyclical value trap.
The market consensus, echoed by 17 analysts with an underperform rating and a median target of $163, aligns with our caution. Coupled with a narrow moat and a debt ratio that fails our ethical screen, SCCO, unfortunately, does not meet our standards. Risk sits with the industry's cyclical nature, the high P/E indicating peak earnings, and the ethical failings that signal potential vulnerabilities.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
SCCO trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-28Markup$214.25+19.5%Entry 12
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 19.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 83%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it underperform, with a mean price target of $165.
2026-07-27Markup$179.29+0.0%Entry 11
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 83%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it underperform, with a mean price target of $165. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-26Markup$179.29+0.0%Entry 10
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 83%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it underperform, with a mean price target of $165. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-25Markup$179.29+3.9%Entry 9
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 3.9% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 83%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it underperform, with a mean price target of $165. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-24Markup$172.48+0.0%Entry 8
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 83%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it underperform, with a mean price target of $165. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-23Markup$172.48+0.0%Entry 7
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 83%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it underperform, with a mean price target of $165. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-22Markup$172.48+0.0%Entry 6
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 83%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it underperform, with a mean price target of $165. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-21Markup$172.48+0.0%Entry 5
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 83%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it underperform, with a mean price target of $165. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-20Markup$172.48-9.1%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 9.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 83%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it underperform, with a mean price target of $165. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-18Markup$189.79+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 27% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 83%. Our forward projection puts the odds of a 10% gain over the next month near 32%. The street (16 analysts) rates it underperform, with a mean price target of $165.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.