7/103 sources · 3 publishersUpdated Nov 10, 13:55 UTC
UBS upgrades Southern Copper to Neutral and keeps $180 price target
UBS raised its rating on Southern Copper from Sell to Neutral, maintaining a $180 price target. The broker highlighted the stock’s attractive valuation after a 20% decline over the past month. Southern Copper reported third‑quarter 2026 earnings of $2.15 per share and net sales of $4.7 billion, both beating estimates. UBS said the current EV/EBITDA of 13.74 times reflects a balanced risk‑reward profile.
Why it matters
UBS’s upgrade signals a more favorable risk‑reward outlook, which could prompt investors to reconsider the stock’s valuation. The firm’s view that copper prices will stay elevated supports the rating change.
Key facts
- 1UBS upgraded Southern Copper to Neutral from Sell while keeping a $180.00 price target. investing.com
- 2The stock fell approximately 20% over the past month. investing.com
- 3Southern Copper reported earnings of $2.15 per share for Q3 2026, beating the estimate of $1.96. investing.com
- 4Net sales for Q3 2026 were $4.7 billion, above the forecast of $4.46 billion. investing.com
- 5Current EV/EBITDA is 13.74 times. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.