JPMorgan has upgraded Sociedad Quimica y Minera (SQM) to Overweight from Neutral, despite lowering its price target to $71 from $88 due to reduced lithium price assumptions. The firm anticipates global lithium deficits in 2026 and 2027, driven by battery energy storage system demand, which could lead to a significant recovery in lithium prices. JPMorgan views SQM as undervalued and expects strong volume and cost performance, preferring it over Sigma Lithium in the Latin American lithium sector.
Original sourceSQMNYSEBasic Materials
CHEMICAL & MINING CO OF CHILE INC
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Latest price
$57.52
+2.06%
Alpha Vantage · 11/6/2026
Industry: Specialty ChemicalsCategory: ADR Common StockCurrency: USDNews: 1 recent
Analyze SQM free One-year price history
Adjusted daily closes · 252 observations · as of Nov 6, 2026
1 month
-10.8%
3 months
-20.1%
6 months
-36.3%
1 year
+26.8%
Year to date
-14.7%
52-week range
$45.37 – $93.48
Fundamental snapshot
Latest reported period: Dec 31, 2025
Market cap
$16.43B
P/E
27.9
P/B
2.9
P/S
3.6
Revenue
$4.58B
Net income
$588.14M
Diluted EPS
2.06
Gross margin
29.60%
Net margin
12.90%
Return on equity
10.80%
Total debt
$4.76B
Cash
$1.75B
Free cash flow
$453.86M
Reported figures can reflect company reporting conventions, restatements, or sector-specific accounting. Verify against filings before relying on a valuation comparison.
Recent SQM news
All market newsInvesting.com·70 signal
JPMorgan upgrades Sociedad Quimica y Minera stock rating on valuation