Sociedad Quimica y Minera S.A. (NYSE:SQM) Given Average Rating of “Hold” by Analysts

Sociedad Quimica y Minera S.A. (NYSE:SQM) has been given an average rating of “Hold” by the fourteen ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $71.4167.

A number of analysts have weighed in on SQM shares. Clarkson Capital restated a “neutral” rating and set a $90.00 target price on shares of Sociedad Quimica y Minera in a report on Thursday, January 22nd. Bank of America lifted their price target on Sociedad Quimica y Minera from $49.00 to $53.00 and gave the company an “underperform” rating in a report on Wednesday, March 25th. UBS Group set a $79.00 price target on Sociedad Quimica y Minera in a research report on Wednesday, December 17th. Scotiabank raised their price objective on Sociedad Quimica y Minera from $90.00 to $100.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 4th. Finally, Citigroup downgraded Sociedad Quimica y Minera from a “buy” rating to a “neutral” rating and raised their price objective for the company from $51.00 to $74.00 in a research report on Friday, December 12th.

Institutional Trading of Sociedad Quimica y Minera

A number of institutional investors have recently modified their holdings of SQM. Larry Mathis Financial Planning LLC bought a new position in shares of Sociedad Quimica y Minera during the 4th quarter worth approximately $566,000. Caitong International Asset Management Co. Ltd acquired a new stake in Sociedad Quimica y Minera in the fourth quarter valued at approximately $29,000. Compound Planning Inc. acquired a new stake in Sociedad Quimica y Minera in the fourth quarter valued at approximately $1,001,000. Ameriflex Group Inc. purchased a new position in Sociedad Quimica y Minera in the fourth quarter worth $60,000. Finally, Mackenzie Financial Corp purchased a new position in Sociedad Quimica y Minera in the fourth quarter worth $1,553,000. 12.41% of the stock is currently owned by institutional investors.

Sociedad Quimica y Minera Trading Down 0.0%

NYSE:SQM opened at $82.66 on Wednesday. The firm has a 50-day simple moving average of $75.87 and a 200-day simple moving average of $63.15. Sociedad Quimica y Minera has a one year low of $29.36 and a one year high of $86.13. The firm has a market cap of $23.61 billion, a P/E ratio of 40.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.25 and a current ratio of 3.27.

Sociedad Quimica y Minera (NYSE:SQM) last released its quarterly earnings data on Saturday, February 14th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $1.32 billion for the quarter. Sociedad Quimica y Minera had a net margin of 12.85% and a return on equity of 9.69%. Equities analysts anticipate that Sociedad Quimica y Minera will post -1.31 EPS for the current fiscal year.

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.