Sociedad Quimica y Minera de Chile (SQM) Sets New 52-Week Low at $33.57

Sociedad Quimica y Minera de Chile (NYSE:SQM) hit a new 52-week low during trading on Thursday . The company traded as low as $33.57 and last traded at $33.56, with a volume of 21886 shares. The stock had previously closed at $34.25.

A number of equities research analysts recently commented on SQM shares. Zacks Investment Research cut Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Citigroup cut Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $53.00 to $41.00 in a research note on Tuesday, March 5th. Deutsche Bank cut Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. TheStreet cut Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a research note on Tuesday, March 19th. Finally, Vertical Group started coverage on Sociedad Quimica y Minera de Chile in a research note on Monday, April 22nd. They set a “sell” rating and a $23.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $42.63.

The company has a quick ratio of 2.67, a current ratio of 4.32 and a debt-to-equity ratio of 0.62. The company has a market cap of $9.07 billion, a PE ratio of 20.17, a PEG ratio of 1.42 and a beta of 1.02.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its earnings results on Thursday, February 28th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). Sociedad Quimica y Minera de Chile had a net margin of 19.41% and a return on equity of 20.29%. The business had revenue of $565.20 million during the quarter, compared to analyst estimates of $560.66 million. As a group, equities research analysts anticipate that Sociedad Quimica y Minera de Chile will post 1.59 EPS for the current fiscal year.

The firm also recently announced a dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, May 3rd were paid a $0.268 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s payout ratio is 64.07%.

Large investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. acquired a new position in Sociedad Quimica y Minera de Chile in the fourth quarter valued at about $38,000. Osborn Williams & Donohoe LLC acquired a new position in Sociedad Quimica y Minera de Chile in the first quarter valued at about $45,000. Virtus ETF Advisers LLC grew its stake in Sociedad Quimica y Minera de Chile by 145.2% in the fourth quarter. Virtus ETF Advisers LLC now owns 1,736 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 1,028 shares during the period. Lavaca Capital LLC acquired a new position in Sociedad Quimica y Minera de Chile in the fourth quarter valued at about $76,000. Finally, Capital Investment Advisory Services LLC boosted its position in shares of Sociedad Quimica y Minera de Chile by 413.8% during the first quarter. Capital Investment Advisory Services LLC now owns 2,055 shares of the basic materials company’s stock worth $79,000 after buying an additional 1,655 shares during the period. 11.08% of the stock is owned by hedge funds and other institutional investors.

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Sociedad Quimica y Minera de Chile Company Profile (NYSE:SQM)

Sociedad Química 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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