Sociedad Quimica y Minera’s (SQM) “Neutral” Rating Reaffirmed at Clarkson Capital

Sociedad Quimica y Minera (NYSE:SQM)‘s stock had its “neutral” rating reiterated by research analysts at Clarkson Capital in a research report issued to clients and investors on Thursday. They currently have a $90.00 price objective on the basic materials company’s stock. Clarkson Capital’s price objective would suggest a potential upside of 10.10% from the company’s current price.

A number of other equities analysts also recently issued reports on SQM. UBS Group set a $79.00 price target on Sociedad Quimica y Minera in a research report on Wednesday, December 17th. Rothschild & Co Redburn started coverage on Sociedad Quimica y Minera in a research report on Friday, October 24th. They set a “neutral” rating and a $54.00 target price on the stock. Rothschild Redb upgraded Sociedad Quimica y Minera to a “hold” rating in a research note on Friday, October 24th. The Goldman Sachs Group restated a “neutral” rating and set a $63.00 price target (up previously from $45.00) on shares of Sociedad Quimica y Minera in a research note on Thursday, December 4th. Finally, Hsbc Global Res upgraded shares of Sociedad Quimica y Minera to a “strong-buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sociedad Quimica y Minera currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.79.

Sociedad Quimica y Minera Stock Up 2.0%

NYSE:SQM opened at $81.75 on Thursday. The company’s 50-day simple moving average is $67.84 and its 200-day simple moving average is $51.81. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.88 and a current ratio of 2.82. Sociedad Quimica y Minera has a fifty-two week low of $29.36 and a fifty-two week high of $83.60. The stock has a market capitalization of $22.89 billion, a P/E ratio of 44.67 and a beta of 0.98.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings data on Tuesday, November 18th. The basic materials company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.06). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Sociedad Quimica y Minera had a return on equity of 9.79% and a net margin of 12.12%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. On average, equities analysts anticipate that Sociedad Quimica y Minera will post -1.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sociedad Quimica y Minera

Large investors have recently bought and sold shares of the company. KBC Group NV raised its position in Sociedad Quimica y Minera by 5.4% during the second quarter. KBC Group NV now owns 118,007 shares of the basic materials company’s stock valued at $4,162,000 after acquiring an additional 6,087 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in Sociedad Quimica y Minera in the 2nd quarter worth approximately $1,678,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Sociedad Quimica y Minera by 33.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 71,429 shares of the basic materials company’s stock worth $3,070,000 after purchasing an additional 17,869 shares during the period. RWA Wealth Partners LLC purchased a new position in shares of Sociedad Quimica y Minera during the 2nd quarter valued at approximately $776,000. Finally, Perpetual Ltd acquired a new position in shares of Sociedad Quimica y Minera in the 3rd quarter valued at $3,412,000. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.