BMO cut SQM stock target from USD 100 to USD 90

Published on 10/08/2026 at 12:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 2.468 billion from USD 1.043 billion. SQM stock costs EUR 57.70 on October 8, 2026 after EUR 57.60, plus 0.17 percent.

SQM, US8336351056, Illustration mit AI erstellt.

SQM stock (ISIN US8336351056) was trading at EUR 57.70 at Lang & Schwarz on October 8, 2026 at 12:11 p.m. CEST, plus 0.17 percent versus the prior close. According to Markets Insider on October 6, 2026, BMO Capital cut its SQM target from USD 100.00 to USD 90.00 while keeping an Outperform rating.

BMO cuts target as lithium weakens

The target reduction came in a research note previewing third-quarter results across fertilizers, chemicals and agricultural equipment, according to Markets Insider. BMO cited recent weakness in spot lithium prices, although it described lithium companies as oversold and retained its Outperform view on SQM.

For investors, the message is mixed rather than one-directional: the analyst lowered the valuation anchor by USD 10.00, but the rating still points to a favorable risk-reward assessment in the note.

Second-quarter figures reset expectations

SQM's second-quarter 2026 revenue reached USD 2.468 billion, compared with USD 1.043 billion in the second quarter of 2025, according to the company's investor-relations page. The same SQM data show net income of USD 660.00 million, versus USD 88.00 million a year earlier.

Gross profit also reached USD 1.260 billion in the second quarter of 2026, compared with USD 254.00 million in the second quarter of 2025. Those figures give the target reduction a specific counterweight: operating performance improved sharply even as lithium pricing remained the central market concern.

November date sets the next test

SQM's investor-relations calendar lists November 17, 2026, for publication of third-quarter 2026 financial results and November 18, 2026, for the conference call. The company sells lithium chemicals, specialty plant nutrients, iodine products and industrial chemicals, so the next report can separate volume growth from the effect of lithium prices.

As of October 7, 2026, SQM's market capitalization was USD 18.5 billion, while its primary-exchange 52-week range was USD 40.58 to USD 98.00. The NYSE-listed company therefore enters the next reporting date with a strong second-quarter comparison but a target that BMO has reset lower.

SQM stock trades above its prior close

SQM stock was trading at EUR 57.70 at Lang & Schwarz on October 8, 2026 at 12:11 p.m. CEST, up 0.17 percent from the Lang & Schwarz prior close of EUR 57.60 on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of SQM stock.