Mowi survey finds 35.80 percent sea lice: Goldman rates Mowi stock Neutral at NOK 220.00

Published on 10/08/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 operating profit reached EUR 231 million, up 23.00 percent year over year. Mowi stock costs EUR 18.74 on October 8, 2026, plus 0.37 percent.

Schwarzweiß-Dokumentarfoto von Arbeitern mit Fischernetz auf Boot vor Netzgehegen — Schwarzweiße Reportage-Aufnahme von Fischereiarbeitern zeigt Alltag rund um Mowi ASA, Aktie ISIN NO0003054108, Norwegen, Illustration mit AI erstellt.

Mowi (NO0003054108) faces a fresh operating and regulatory debate after a survey commissioned by Mowi Canada West found sea lice on 35.80 percent of 508 wild juvenile salmonids. At Lang & Schwarz, Mowi stock was trading at EUR 18.74 on October 8, 2026 at 1:04 p.m. CEST, up 0.37 percent versus the prior close of EUR 18.67.

Sea lice findings add pressure

According to Baird Maritime on October 7, 2026, researchers sampled wild juvenile salmonids at 17 British Columbia sites in April and May. The report counted 182 fish carrying lice, while its two sampling events did not establish the effect of farm closures or the proportion of lice originating from farms.

The survey gives investors a concrete operational risk marker, but it does not quantify a financial effect for Mowi. The broader Canadian policy backdrop is also material: British Columbia is moving toward a coast-wide prohibition on open-net salmon aquaculture by June 30, 2029, according to the report.

Profit growth meets cost risks

Mowi's second-quarter operating profit reached EUR 231 million, up 23.00 percent from EUR 189 million in the second quarter of 2025. The quarter also delivered EUR 1.60 billion in revenue, a quarterly record, and harvest volumes of 150,000 tons, according to the Yahoo Finance transcript of the August 18, 2026 results call.

The same transcript shows the trade-off behind the result: production costs fell 3.50 percent year over year to EUR 5.20 per kilo, while Mowi lowered its 2026 farming volume guidance from 605,000 tons to 600,000 tons after agreeing to divest its Canada East farming operations. The company also said its second-quarter prices were up 6.00 percent year over year, while prices were up 21.00 percent so far in the third quarter.

Goldman sets a neutral marker

Goldman Sachs rated Mowi Neutral with a NOK 220.00 price target on October 6, 2026, according to Yahoo Finance. The bank cited regulatory constraints and a more limited path to earnings growth, while expecting Mowi's diversified production footprint and operating efficiency to support 3.40 percent organic volume growth annually from 2026 through 2029.

Mowi's next quarterly report is scheduled for November 4, 2026, on the investor calendar at Mowi. That date gives the market a defined checkpoint for harvest volumes, feed costs and the financial effect of the Canada East transaction.

Stock holds a measured signal

The Lang & Schwarz quote placed Mowi stock at EUR 18.74 on October 8, 2026 at 1:04 p.m. CEST, with a plus 0.37 percent daily move versus the EUR 18.67 prior close dated October 7, 2026. The combination of strong second-quarter operating figures, a new sea-lice data point and a neutral NOK 220.00 analyst target leaves biological performance and cost control as the next measurable tests.

The further course of trading is shown by the continuously updated real-time quote of Mowi stock.