Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the On May 28, 2026, Scotiabank raised the firm’s price target on Sociedad Química y Minera de Chile S.A. (NYSE:SQM) to $105 from $100 and maintained an Outperform rating on the shares.
Scotiabank said that, following the company’s Q1 results and guidance revisions, there are multiple ways to win with the stock
Meanwhile, BofA raised the firm’s price target on Sociedad Química y Minera de Chile S.A. (NYSE:SQM) to $58 from $53 and maintained an Underperform rating on 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 after a 15% rebound since the end of March. On May 26, 2026, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) reported Q1 revenue of $1.76B, above the consensus estimate of $1.70B.
CEO Ricardo Ramos said the company delivered “strong results” in the quarter, with lithium sales volumes reaching approximately 69 thousand metric tons of LCE as SQM operated at full capacity to meet customer demand. Ramos said global lithium demand could exceed 1.9 million metric tons of LCE this year, while market dynamics suggest a tight supply-demand balance. SQM raised its expected sales volume growth guidance for the year from 10% to 15%.