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Sociedad Química y Minera de Chile S.A.

SQM · NYSE

Market closed$69.81$3.48 (+5.25%)After hours $69.84 · +0.04%

Key statistics

Previous close$66.33
Open$65.48
Day high$70.03
Day low$65.45
52-week high$98.00
52-week low$35.67
Market cap19.94B
Volume1.63M
Average volume1.15M
P/E ratio24.45
Forward P/E—
EPS2.86
Dividend yield+1.40%

Market context

Why it moved

SQM, a major lithium and potassium producer, surged amid escalating US-Iran military conflict that drove oil prices sharply higher and boosted commodity stocks broadly, as renewed Middle East tensions raised concerns over global supply chains and increased investor appetite for commodity-linked assets.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Sociedad Química y Minera de Chile surged over 5% on elevated volume, driven by a confluence of bullish catalysts: lithium spot prices showing a fresh rebound, and news that a rival state-led lithium project in Chile has been delayed to 2034 — easing near-term competitive pressure. Goldman Sachs also recently raised its price target to $82 (from $64), and investors are positioning ahead of August earnings where analysts expect a sharp jump in profitability on better pricing and higher volumes.

5.2465

July 17, 2026Sociedad Química y Minera de Chile plunged over 7% on July 16, its steepest single-day drop in recent months, as a mix of analyst caution and macro headwinds pressured the lithium-focused chemical producer. Despite Goldman Sachs raising its price target to $82 (while downgrading to Neutral) and Deutsche Bank maintaining a Buy with a $98 target, the consensus remains a Hold with an average target of ~$74.58—now above the closing price. China's weaker-than-expected Q2 GDP growth of 4.3% added to concerns about lithium demand, while Morningstar flagged that most basic materials stocks are now fairly valued or overvalued heading into Q3. Shares edged up ~1% in after-hours trading.

-7.2567

July 16, 2026Sociedad Química y Minera declined nearly 2% amid mixed analyst sentiment, even as Goldman Sachs raised its price target to $82 from $64 (maintaining a Neutral rating), suggesting meaningful upside from current levels. The pullback comes despite the bullish revision, with broader basic materials sector pressure and a notable near-total exit by Manning & Napier Advisors weighing on sentiment, while the consensus Hold rating and $74.58 average price target reflect ongoing uncertainty around lithium market dynamics.

-1.9602

July 15, 2026Sociedad Química y Minera de Chile edged higher on Monday, closing up ~1.4%, though shares slipped back in after-hours trading. The session's key catalyst was Deutsche Bank maintaining its Buy rating while trimming its price target to $98 from $105, keeping the stock in focus amid mixed analyst sentiment — the consensus remains Hold with an average target of $75.50. Institutional activity has been divergent, with Manning & Napier nearly exiting its position while ARGA Investment Management initiated a $21.3M stake. A broadly supportive macro backdrop, including a Fed-friendly CPI print that lifted equities, provided additional tailwinds for the basic materials sector.

1.4039

July 14, 2026Sociedad Química y Minera de Chile declined amid broad weakness in the basic materials sector, which was the worst-performing sector the prior week (down 2.46%). Mixed institutional activity added to the cautious backdrop — Manning & Napier nearly eliminated its entire SQM stake (cutting 99%), while Candriam also trimmed its position by 23%, offsetting newer entrants like ARGA Investment Management's fresh $21.3M buy. Analyst consensus remains a lukewarm 'Hold' with a $75.50 average target, as the stock trades below both its 50-day and 200-day moving averages.

-1.7079

July 11, 2026Sociedad Química y Minera de Chile (SQM) shares closed modestly lower, underperforming a broadly firmer U.S. market as Basic Materials was among the week's worst-performing sectors. Investor sentiment in the materials sector has fallen to the 1st percentile of positioning, reflecting significant underweighting among traders. SQM's lithium-focused business remains under scrutiny amid ongoing commodity price cycles, though the company reported Q1 net income of $364.7 million, signaling underlying earnings resilience even as lithium price volatility and specialty chemicals input cost inflation weigh on the sector outlook.

-1.2147

July 9, 2026Sociedad Química y Minera de Chile closed modestly higher, outperforming a broader risk-off session triggered by Trump's declaration that a U.S.-Iran interim deal was 'over,' which sent oil prices surging 5% and dragged major indexes lower. SQM found support from two major catalysts: a reported joint venture with Codelco targeting a 70%+ boost to Chilean lithium production, and its inclusion among top battery technology stocks for grid storage. Analyst sentiment remains constructive — Scotiabank holds an Outperform rating with a $105 price target, though JPMorgan recently downgraded to Neutral ($100 PT), citing limited near-term lithium price upside as Chinese inventories recover.

1.4033

July 8, 2026Sociedad Química y Minera closed essentially flat as investors weighed a significant production expansion against cooling lithium price sentiment. SQM and Codelco's joint venture announced plans to boost Chilean lithium output by over 70%, a major supply-side development that could reshape the market. Meanwhile, JPMorgan's recent downgrade to Neutral — citing limited lithium price upside as Chinese inventories recover — tempered enthusiasm, even as Scotiabank maintained an Outperform with a $105 target following strong Q1 results ($1.76B revenue, $1.28 EPS). Analyst consensus sits at Hold with a $75.50 average price target, close to current levels.

-0.1632

MarketBeat · July 15, 2026Sociedad Quimica y Minera (NYSE:SQM) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Saysmarketscreener.com · July 14, 2026Deutsche Bank Adjusts Sociedad Quimica y Minera de Chile S.A. Price Target to $98 From $105, Maintains Buy RatingMarketBeat · July 14, 2026Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Sociedad Quimica y Minera (NYSE:SQM) Stock PriceReuters · June 9, 2026SQM rises as Scotiabank says lithium demand, low costs support outlookInvesting.com · June 2, 2026JPMorgan downgrades SQM stock rating on limited lithium upsideInvesting.com · May 27, 2026Earnings call transcript: SQM Q1 2026 beats revenue expectations, stock risesInvesting News Network · May 26, 2026SQM Reports Earnings for the Three Months Ended March 31, 2026Investor's Business Daily · April 13, 2026SQM, IBD Stock Of The Day, Breaks Out As Iran War Provides Dual Catalysts
Benzinga · July 15, 2026Goldman Sachs Maintains Neutral on Sociedad Quimica Y Minera, Raises Price Target to $82
Benzinga · July 14, 2026Deutsche Bank Maintains Buy on Sociedad Quimica Y Minera, Lowers Price Target to $98
Mt Newswire · July 14, 2026Deutsche Bank Adjusts Sociedad Quimica y Minera de Chile S.A. Price Target to $98 From $105, Maintains Buy Rating
Mt Newswire · June 5, 2026Berenberg Adjusts Price Target on Sociedad Quimica y Minera de Chile to $66 From $56, Maintains Hold Rating
Mt Newswire · June 2, 2026JPMorgan Downgrades Sociedad Quimica y Minera de Chile S.A. to Neutral From Overweight, Adjusts PT to $100 From $94
Benzinga · May 28, 2026Scotiabank Maintains Sector Outperform on Sociedad Quimica Y Minera, Raises Price Target to $105
Mt Newswire · May 28, 2026Deutsche Bank Adjusts Sociedad Quimica y Minera de Chile PT to $105 From $106, Maintains Buy Rating
Benzinga · May 27, 2026Sociedad Quimica Y Minera Q1 2026 Earnings Call Transcript

Peers

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