SCCO vs. WPM: Southern Copper vs. Wheaton Precious Metals Stock Comparison

November 11, 2026

How do Southern Copper (SCCO) and Wheaton Precious Metals (WPM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Southern Copper (SCCO) and Wheaton Precious Metals (WPM) both belong to the Metals & Mining industry, though SCCO is classified under Copper while WPM falls under Gold.

Company profile comparison for Southern Copper (SCCO) and Wheaton Precious Metals (WPM)
Profile Item	SCCO	WPM
Name	Southern Copper Corporation	Wheaton Precious Metals Corp.
Country/Region	United States	Canada
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Copper	Gold
Market Capitalization	142.73 billion USD	61.91 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 5, 1996	July 6, 2005
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

SCCO

WPM

GSPC

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Southern Copper (SCCO) and Wheaton Precious Metals (WPM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Southern Copper (SCCO) and Wheaton Precious Metals (WPM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Southern Copper (SCCO) and Wheaton Precious Metals (WPM)
Metric	SCCO	WPM
Total Return (1Y)	38.53%	45.35%
Total Return (3Y, Annualized)	42.97%	50.60%
Total Return (5Y, Annualized)	30.79%	29.06%

Risk Profile

Drawdown History

SCCO

WPM

GSPC

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Southern Copper (SCCO) and Wheaton Precious Metals (WPM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Southern Copper (SCCO) and Wheaton Precious Metals (WPM)
Metric	SCCO	WPM
Volatility (1Y, Annualized)	52.64%	52.11%
Beta (5Y)	1.15	0.49
Max Drawdown (5Y)	-43.07%	-43.29%
Avg. Volume (3M)	1.14M	2.01M

Risk-Adjusted Performance

Risk-Return Positioning

SCCO and WPM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Southern Copper (SCCO) and Wheaton Precious Metals (WPM)
Metric	SCCO	WPM
Sharpe Ratio (1Y)	0.65	0.79
Sortino Ratio (1Y)	0.95	1.14

Profitability

ROE (TTM)

Both Southern Copper (SCCO) at 52.88% and Wheaton Precious Metals (WPM) at 23.10% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

SCCO

Materials industry group

52.88%

SCCO: 52.88%
Max: 52.88%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

WPM

Materials industry group

23.10%

Max: 52.88%
WPM: 23.10%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Wheaton Precious Metals (WPM) at 60.39% keeps the most of each sales dollar — above its industry’s net margin range — and Southern Copper (SCCO) at 37.16% also retains a top-quartile share.

SCCO

Materials industry group

37.16%

Max: 38.66%
SCCO: 37.16%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

WPM

Materials industry group

60.39%

WPM: 60.39%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Southern Copper (SCCO) at 59.94% and Wheaton Precious Metals (WPM) at 66.70% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

SCCO

Materials industry group

59.94%

Max: 66.70%
SCCO: 59.94%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

WPM

Materials industry group

66.70%

WPM: 66.70%
Max: 66.70%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Southern Copper (SCCO) and Wheaton Precious Metals (WPM)
Metric	SCCO	WPM
ROE (TTM)	52.88%	23.10%
ROA (TTM)	27.29%	15.22%
Net Margin (TTM)	37.16%	60.39%
Operating Margin (TTM)	59.94%	66.70%
Gross Margin (TTM)	65.84%	86.61%

Growth

Revenue Growth

Wheaton Precious Metals (WPM) at 80.18% sits in the top revenue growth quartile, while Southern Copper (SCCO) at 17.38% is closer to the peer norm — faster top-line expansion for WPM.

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Wheaton Precious Metals (WPM) at 177.85% sits in the top EPS growth quartile, while Southern Copper (SCCO) at 25.41% is closer to the peer norm — faster per-share earnings growth for WPM.

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Southern Copper (SCCO) and Wheaton Precious Metals (WPM)
Metric	SCCO	WPM
Revenue Growth (YoY)	17.38%	80.18%
Revenue Growth (3Y CAGR)	10.13%	29.53%
EPS Growth (YoY)	25.41%	177.85%
EPS Growth (3Y CAGR)	17.64%	29.83%

Financial Strength

Current Ratio (MRQ)

Southern Copper (SCCO) at 4.31 carries current ratio above its industry’s typical mid-range, while Wheaton Precious Metals (WPM) at 0.57 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

SCCO

Materials industry group

4.31

Max: 5.96
SCCO: 4.31
Q3: 3.30
Median: 2.24
Q1: 1.45
Min: 0.16

WPM

Materials industry group

0.57

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
WPM: 0.57
Min: 0.16

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Southern Copper (SCCO) at 0.63 and Wheaton Precious Metals (WPM) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

SCCO

Materials industry group

0.63

Max: 1.98
Q3: 0.89
SCCO: 0.63
Median: 0.47
Q1: 0.13
Min: 0.00

WPM

Materials industry group

0.16

Max: 1.98
Q3: 0.89
Median: 0.47
WPM: 0.16
Q1: 0.13
Min: 0.00

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Southern Copper (SCCO) and Wheaton Precious Metals (WPM)
Metric	SCCO	WPM
Current Ratio (MRQ)	4.31	0.57
Debt / Equity (MRQ)	0.63	0.16
Net Debt / EBITDA	0.05	0.50

Dividends

Dividend Yield (TTM)

Southern Copper (SCCO) at 2.30% delivers top-quartile income for its industry, while Wheaton Precious Metals (WPM) at 0.57% pays a more typical yield — both are credible income propositions, SCCO the richer one.

SCCO

Materials industry group

2.30%

Max: 4.52%
SCCO: 2.30%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

WPM

Materials industry group

0.57%

Max: 4.52%
Q3: 1.85%
WPM: 0.57%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Wheaton Precious Metals (WPM) at 16.29% pays out a band-typical share of earnings, while Southern Copper (SCCO) at 52.43% distributes more than its industry norm — less retained, thinner cover.

SCCO

Materials industry group

52.43%

Max: 83.62%
SCCO: 52.43%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

WPM

Materials industry group

16.29%

Max: 83.62%
Q3: 41.37%
WPM: 16.29%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Southern Copper (SCCO) and Wheaton Precious Metals (WPM)
Metric	SCCO	WPM
Dividend Yield (TTM)	2.30%	0.57%
Dividend Payout Ratio (TTM)	52.43%	16.29%

Valuation

P/E Ratio (TTM)

Both Southern Copper (SCCO) at 22.27 and Wheaton Precious Metals (WPM) at 29.63 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

SCCO

Materials industry group

22.27

Max: 59.00
Q3: 32.93
SCCO: 22.27
Median: 18.82
Q1: 11.96
Min: 3.93

WPM

Materials industry group

29.63

Max: 59.00
Q3: 32.93
WPM: 29.63
Median: 18.82
Q1: 11.96
Min: 3.93

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Southern Copper (SCCO) at 8.34 sits in the upper P/S ratio quartile, and Wheaton Precious Metals (WPM) at 17.86 prices even higher, above its industry range.

SCCO

Materials industry group

8.34

Max: 9.62
SCCO: 8.34
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

WPM

Materials industry group

17.86

WPM: 17.86
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Wheaton Precious Metals (WPM) at 6.17 sits in the upper P/B ratio quartile, and Southern Copper (SCCO) at 10.89 prices even higher, above its industry range.

SCCO

Materials industry group

10.89

SCCO: 10.89
Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

WPM

Materials industry group

6.17

Max: 6.59
WPM: 6.17
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Southern Copper (SCCO) vs. Wheaton Precious Metals (WPM): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Southern Copper (SCCO) and Wheaton Precious Metals (WPM)
Metric	SCCO	WPM
P/E Ratio (TTM)	22.27	29.63
P/S Ratio (TTM)	8.34	17.86
P/B Ratio (MRQ)	10.89	6.17
Free Cash Flow Yield (TTM)	3.91%	-5.11%