Jim Cramer Says He Doesn’t “Mind Southern Copper, But Copper Has Run a Great Deal”

Company Overview - Southern Copper Corporation (NYSE:SCCO) is engaged in mining, smelting, and refining copper, and also processes other materials such as molybdenum, zinc, silver, gold, and sulfuric acid [2]. Stock Performance - The stock has experienced a significant increase, being up 25% this year and showing a parabolic move with a recent increase of $5 in a single day [1]. - The current yield of the stock is 1.98%, which is considered low given its recent performance [1]. Analyst Insights - Wells Fargo has raised the price target for Southern Copper's stock from $144 to $182 while maintaining an Equal-Weight rating, indicating a cautious outlook on the stock's future performance [2]. - The firm anticipates strong performance in copper and aluminum in 2026 due to limited new supply in the first half of the year, alongside expectations that tariffs on steel and aluminum imports will remain in place, keeping US prices elevated [3]. Investment Considerations - While Southern Copper is recognized for its potential, there are suggestions that certain AI stocks may offer greater upside potential and carry less downside risk, indicating a competitive investment landscape [4].