Santander upgraded shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) from an underperform rating to a hold rating in a report issued on Wednesday morning, The Fly reports.

A number of other brokerages also recently commented on SQM. BidaskClub downgraded Sociedad Quimica y Minera from a hold rating to a sell rating in a research report on Thursday, June 22nd. Bank of America Corporation raised Sociedad Quimica y Minera from a neutral rating to a buy rating in a research report on Wednesday. BMO Capital Markets reaffirmed a market perform rating and issued a $45.00 price objective (up previously from $35.00) on shares of Sociedad Quimica y Minera in a research report on Tuesday, August 29th. Zacks Investment Research raised Sociedad Quimica y Minera from a hold rating to a buy rating and set a $38.00 price objective for the company in a research report on Wednesday, June 21st. Finally, Deutsche Bank AG lifted their price objective on Sociedad Quimica y Minera from $36.00 to $38.00 and gave the company a hold rating in a research report on Monday, May 22nd. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Sociedad Quimica y Minera currently has an average rating of Buy and an average price target of $41.18.

Sociedad Quimica y Minera (SQM) opened at 58.06 on Wednesday. The firm has a market cap of $15.46 billion, a price-to-earnings ratio of 44.80 and a beta of 1.03. Sociedad Quimica y Minera has a 52 week low of $24.75 and a 52 week high of $58.71. The stock has a 50 day moving average price of $45.71 and a 200 day moving average price of $37.68.

Sociedad Quimica y Minera (NYSE:SQM) last announced its quarterly earnings data on Wednesday, August 23rd. The basic materials company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). The business had revenue of $505.70 million during the quarter, compared to analysts’ expectations of $500.49 million. Sociedad Quimica y Minera had a net margin of 16.28% and a return on equity of 14.81%. Equities research analysts expect that Sociedad Quimica y Minera will post $1.60 EPS for the current year.

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The company also recently announced a dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 8th were issued a $0.384 dividend. The ex-dividend date was Thursday, September 7th. Sociedad Quimica y Minera’s payout ratio is currently 109.30%.

A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in Sociedad Quimica y Minera by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 10,248 shares of the basic materials company’s stock valued at $353,000 after acquiring an additional 78 shares during the last quarter. World Asset Management Inc boosted its holdings in Sociedad Quimica y Minera by 1.1% in the first quarter. World Asset Management Inc now owns 7,468 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 84 shares during the last quarter. Comerica Bank boosted its holdings in Sociedad Quimica y Minera by 1.3% in the first quarter. Comerica Bank now owns 6,900 shares of the basic materials company’s stock valued at $242,000 after acquiring an additional 88 shares during the last quarter. Jennison Associates LLC boosted its holdings in Sociedad Quimica y Minera by 0.8% in the second quarter. Jennison Associates LLC now owns 37,080 shares of the basic materials company’s stock valued at $1,224,000 after acquiring an additional 278 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Sociedad Quimica y Minera by 0.3% in the second quarter. Van ECK Associates Corp now owns 138,379 shares of the basic materials company’s stock valued at $4,569,000 after acquiring an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 13.65% of the company’s stock.

About Sociedad Quimica y Minera

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

The Fly

Analyst Recommendations for Sociedad Quimica y Minera (NYSE:SQM)

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