Insider Shake-Up at Southern Copper as Director Unloads Shares

New insider activity at Southern Copper ( (SCCO) ) has taken place on March 18, 2026.

Director Luis Miguel Palomino Bonilla has recently trimmed his position in Southern Copper, selling 193 shares of the company’s stock in a transaction valued at $33,697. This insider move may draw attention from investors watching trading activity among the company’s leadership.

Recent Updates on SCCO stock

Southern Copper shares recently rallied, but BofA argues the valuation has become stretched and is hard to justify, even as its headline price target estimate moved higher. The firm sees weakening near-term operations, with production expected to decline about 3% through 2027, and believes the stock is currently pricing in an overly bullish scenario that is unlikely to materialize.

This reassessment led BofA to shift its stance more cautiously despite the higher modeled value, reflecting concern that profit growth and operational trends will not keep pace with the stock’s rapid move. The downgrade underscores a view that recent gains have run ahead of fundamentals, as softer output expectations and operational pressures weigh against the bullish narrative embedded in the current price.

Spark’s Take on SCCO Stock

According to Spark, TipRanks’ AI Analyst, SCCO is a Neutral.

The score is held back primarily by weak TTM cash generation (near-zero operating cash flow and negative free cash flow), despite excellent profitability and improving leverage. Strong technical momentum supports the rating, while valuation is a notable headwind given the high P/E. Earnings call commentary is constructive overall but includes near-term production and cost headwinds.

To see Spark’s full report on SCCO stock, click here.

More about Southern Copper

YTD Price Performance: 25.03%

Average Trading Volume: 2,058,265

Technical Sentiment Signal: Buy

Current Market Cap: $145B