Southern Copper shares surge 5.72% after-hours as Tia Maria project progress and record copper prices drive optimism.

Southern Copper (SCCO) surged 5.72% in after-hours trading, driven by progress on its Tia Maria copper project in Peru, which the company linked to higher revenue expectations. The stock also benefited from a price target increase to $156 from $137 at Morgan Stanley and bullish analyst sentiment, including a "much more bullish" rating from Simply Wall St. Recent reports highlighted SCCO’s record 2025 earnings, a dual cash-and-stock dividend, and strong copper prices fueled by AI-driven demand. These developments, combined with positive pre-earnings speculation and institutional buying, underscored investor confidence in the company’s growth prospects despite mixed near-term production outlooks.