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

Sociedad Quimica y Minera S.A. (NYSE:SQMGet Free Report) has been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $71.4167.

A number of equities research analysts have issued reports on the company. Scotiabank boosted their price target 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. Clarkson Capital restated a “neutral” rating and issued a $90.00 price objective on shares of Sociedad Quimica y Minera in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Sociedad Quimica y Minera from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Bank of America increased their target price on shares of Sociedad Quimica y Minera from $49.00 to $53.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 25th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Sociedad Quimica y Minera in a report on Wednesday, March 4th.

View Our Latest Stock Report on Sociedad Quimica y Minera

Sociedad Quimica y Minera Stock Up 0.9%

NYSE:SQM opened at $81.18 on Thursday. The company has a market cap of $23.19 billion, a P/E ratio of 39.60, a P/E/G ratio of 0.25 and a beta of 1.00. The firm’s 50 day moving average is $83.98 and its two-hundred day moving average is $74.07. Sociedad Quimica y Minera has a fifty-two week low of $29.36 and a fifty-two week high of $98.00.

Sociedad Quimica y Minera (NYSE:SQMGet Free Report) last announced its quarterly earnings data on Saturday, February 14th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $1.32 billion during the quarter. Sociedad Quimica y Minera had a net margin of 12.85% and a return on equity of 9.69%. Research analysts forecast that Sociedad Quimica y Minera will post 6.62 earnings per share for the current fiscal year.

Sociedad Quimica y Minera Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th will be given a $1.0295 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $4.12 annualized dividend and a dividend yield of 5.1%. Sociedad Quimica y Minera’s dividend payout ratio is presently 130.73%.

Institutional Trading of Sociedad Quimica y Minera

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new position in Sociedad Quimica y Minera in the fourth quarter valued at about $29,000. GAMMA Investing LLC boosted its position in shares of Sociedad Quimica y Minera by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock worth $30,000 after buying an additional 256 shares during the period. Fulcrum Asset Management LLP purchased a new stake in shares of Sociedad Quimica y Minera in the third quarter worth about $43,000. Signaturefd LLC grew its stake in shares of Sociedad Quimica y Minera by 37.0% in the fourth quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock valued at $45,000 after buying an additional 177 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of Sociedad Quimica y Minera during the 3rd quarter valued at about $49,000. 12.41% of the stock is owned by hedge funds and other institutional investors.

About Sociedad Quimica y Minera

(Get Free Report)

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.

Further Reading

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

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