Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM – Get Free Report) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $75.50.
A number of research firms have issued reports on SQM. Wall Street Zen raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Bank of America increased their price target on Sociedad Quimica y Minera from $49.00 to $53.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 25th. BMO Capital Markets reissued an “outperform” rating on shares of Sociedad Quimica y Minera in a report on Wednesday, March 4th. JPMorgan Chase & Co. cut Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $94.00 to $100.00 in a research note on Tuesday, June 2nd. Finally, Scotiabank upped their price objective on shares of Sociedad Quimica y Minera from $100.00 to $105.00 and gave the company a “sector outperform” rating in a report on Thursday, May 28th.
Check Out Our Latest Report on Sociedad Quimica y Minera
Sociedad Quimica y Minera Stock Down 0.0%
Sociedad Quimica y Minera (NYSE:SQM – Get Free Report) last posted its quarterly earnings results on Saturday, May 16th. The basic materials company reported $1.28 EPS for the quarter. Sociedad Quimica y Minera had a net margin of 15.38% and a return on equity of 11.99%. The company had revenue of $1.76 billion for the quarter. As a group, equities analysts predict that Sociedad Quimica y Minera will post 7.25 EPS for the current year.
Sociedad Quimica y Minera Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were given a $1.0295 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.12 annualized dividend and a dividend yield of 4.9%. Sociedad Quimica y Minera’s payout ratio is 92.98%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in Sociedad Quimica y Minera during the 4th quarter valued at $29,000. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 256 shares during the period. Fulcrum Asset Management LLP purchased a new position in shares of Sociedad Quimica y Minera in the third quarter valued at $43,000. Signaturefd LLC grew its position 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 purchasing an additional 177 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in shares of Sociedad Quimica y Minera during the 3rd quarter valued at $49,000. 12.41% of the stock is owned by institutional investors.
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.
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