Scotiabank Raises its Price Target on Sociedad Química y Minera de Chile (SQM)

On May 28, 2026, Scotiabank raised the firm’s terms people connected Sociedad Química y Minera de Chile S.A. (NYSE:SQM) to $105 from $100 and maintained an Outperform standing connected the shares. Scotiabank said that, pursuing the company’s Q1 results and guidance revisions, determination are aggregate ways to triumph with the stock.

Meanwhile, BofA raised the firm’s terms people connected Sociedad Química y Minera de Chile S.A. (NYSE:SQM) to $58 from $53 and maintained an Underperform standing connected the shares. BofA cited “strong” Q1 operating results and raised its 2026-27 EBITDA estimates by 6.2%, reflecting higher Specialty Plant Nutrition volumes and modestly stronger lithium prices aft a 15% rebound since the extremity of March.

On May 26, 2026, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) reported Q1 gross of $1.76B, supra the statement estimation of $1.70B. CEO Ricardo Ramos said the institution delivered “strong results” successful the quarter, with lithium income volumes reaching astir 69 1000 metric tons of LCE arsenic SQM operated astatine afloat capableness to conscionable lawsuit demand. Ramos said planetary lithium request could transcend 1.9 cardinal metric tons of LCE this year, portion marketplace dynamics suggest a choky supply-demand balance. SQM raised its expected income measurement maturation guidance for the twelvemonth from 10% to 15%.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) produces and sells specialty works nutrients, iodine and its derivatives, and related products crossed Chile, Latin America, the Caribbean, Europe, North America, Asia, and internationally.

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