Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) have been given an average recommendation of “Hold” by the thirteen research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $36.57.

Several research firms recently weighed in on SQM. ValuEngine upgraded shares of Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. Morgan Stanley restated an “underweight” rating and set a $35.00 target price (down previously from $44.00) on shares of Sociedad Quimica y Minera de Chile in a report on Friday, April 12th. TheStreet lowered shares of Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a report on Tuesday, March 19th. Zacks Investment Research lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Citigroup lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and reduced their target price for the company from $53.00 to $41.00 in a report on Tuesday, March 5th.

NYSE:SQM opened at $31.78 on Monday. The company has a current ratio of 4.32, a quick ratio of 2.67 and a debt-to-equity ratio of 0.62. The firm has a market cap of $8.68 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.42 and a beta of 1.12. Sociedad Quimica y Minera de Chile has a twelve month low of $28.30 and a twelve month high of $50.72.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its earnings results on Wednesday, May 22nd. The basic materials company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). The business had revenue of $504.20 million for the quarter, compared to analyst estimates of $487.04 million. Sociedad Quimica y Minera de Chile had a net margin of 18.06% and a return on equity of 19.01%. Sell-side analysts forecast that Sociedad Quimica y Minera de Chile will post 1.43 EPS for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be issued a $0.1989 dividend. The ex-dividend date is Thursday, June 6th. This represents a yield of 3.3%. Sociedad Quimica y Minera de Chile’s dividend payout ratio is currently 47.90%.

A number of hedge funds have recently modified their holdings of SQM. FMR LLC raised its stake in shares of Sociedad Quimica y Minera de Chile by 106.9% in the 4th quarter. FMR LLC now owns 2,126,310 shares of the basic materials company’s stock valued at $81,438,000 after purchasing an additional 1,098,410 shares in the last quarter. Standard Life Aberdeen plc raised its stake in shares of Sociedad Quimica y Minera de Chile by 0.3% in the 4th quarter. Standard Life Aberdeen plc now owns 1,927,000 shares of the basic materials company’s stock valued at $75,008,000 after purchasing an additional 5,400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Sociedad Quimica y Minera de Chile by 11.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,449,337 shares of the basic materials company’s stock valued at $55,510,000 after purchasing an additional 154,410 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Sociedad Quimica y Minera de Chile by 3.6% in the 1st quarter. Macquarie Group Ltd. now owns 1,234,384 shares of the basic materials company’s stock valued at $47,450,000 after purchasing an additional 42,504 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Sociedad Quimica y Minera de Chile by 26.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,094,980 shares of the basic materials company’s stock valued at $41,938,000 after purchasing an additional 226,322 shares in the last quarter. Hedge funds and other institutional investors own 10.52% of the company’s stock.

About Sociedad Quimica y Minera de Chile

Sociedad QuĂ­mica y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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

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