Sociedad Quimica y Minera de Chile SA

SQM · SANTIAGO

$57.14+$0.77 (+1.37%)TodayMarket closed · Oct 23, 7:59 PM ET

Prev close $56.37

SQM analyst rating

HoldConsensus of 7 analysts over the last 12 months. 43% rate it a buy.

Strong buy0
Buy3
Hold3
Underperform1
Sell0

12-month price target · 3 analysts

Average $0.00 (−100.0% downside)

Low: $0.00
Now: $57.14
High: $0.00

Upgrades and downgrades

The latest rating actions, newest first

SQM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Sep 18, 2026	Maintains	Neutral	$94.00 → $88.00	32%
JP Morgan	Aug 28, 2026	Maintains	Neutral	$100.00 → $94.00	32%
Citigroup	Aug 27, 2026	Upgrade	Neutral → Buy	$97.00 → $95.00	0%
Scotiabank	Aug 24, 2026	Maintains	Sector Outperform	$93.00 → $104.00	37%
Scotiabank	Jul 28, 2026	Maintains	Sector Outperform	$105.00 → $93.00	37%
Goldman Sachs	Jul 15, 2026	Maintains	Neutral	$64.00 → $82.00	78%
Deutsche Bank	Jul 14, 2026	Maintains	Buy	$105.00 → $98.00	31%
JP Morgan	Jun 2, 2026	Downgrade	Overweight → Neutral	$94.00 → $100.00	32%
Scotiabank	May 28, 2026	Maintains	Sector Outperform	$100.00 → $105.00	37%
B of A Securities	Mar 25, 2026	Maintains	Underperform	$49.00 → $53.00	27%

The case for and against

Updated Aug 22, 2026

Bull case

Sociedad Quimica Y Minera is poised for growth due to its diverse operations in the production of lithium, specialty plant nutrition, iodine, industrial chemicals, and potash and potassium sulfate. The company is expecting a 10% growth in both lithium divisions this year, and its expansion projects in Australia and China will further strengthen their position in the lithium market. The completion of the seawater pipeline and exploration activities in key locations will also contribute to the company's long-term growth potential.

Bear case

Sociedad Quimica Y Minera is facing several challenges in the near future that may negatively impact its stock, including the rise in electric vehicle adoption and development which could lead to oversupply in the lithium market, the uncertain supply and demand outlook for other key commodities such as potash and iodine, volatility in the global agriculture market, and potential geopolitical issues in Chile that could affect the company's mining operations, taxes, and access to reserves. Additionally, the company has a high amount of debt, weak profitability margins, and a current ratio of 1.17, indicating potential liquidity issues. This, combined with the negative industry and market trends, may result in a downward trend for SQM's stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.