Citigroup upgraded shares of Sociedad Quimica y Minera (NYSE:SQM – Free Report) from a neutral rating to a buy rating in a research report report published on Thursday, MarketBeat.com reports. They currently have $95.00 price target on the basic materials company’s stock, down from their prior price target of $97.00.
Other research analysts have also recently issued research reports about the company. Wall Street Zen raised Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. Weiss Ratings raised Sociedad Quimica y Minera from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Scotiabank raised their price objective on Sociedad Quimica y Minera from $93.00 to $104.00 and gave the company a “sector outperform” rating in a research note on Monday, August 24th. JPMorgan Chase & Co. downgraded shares of Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $94.00 to $100.00 in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group upped their target price on shares of Sociedad Quimica y Minera from $64.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.64.
Check Out Our Latest Stock Analysis on SQM
Sociedad Quimica y Minera Price Performance
Sociedad Quimica y Minera (NYSE:SQM – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The basic materials company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.28. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.24 billion. Sociedad Quimica y Minera had a return on equity of 19.08% and a net margin of 20.62%.The company’s quarterly revenue was up 136.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. As a group, research analysts anticipate that Sociedad Quimica y Minera will post 7.4 earnings per share for the current fiscal year.
Sociedad Quimica y Minera Dividend Announcement
The firm also recently announced a special dividend, which will be paid on Monday, September 21st. Stockholders of record on Tuesday, September 8th will be paid a $1.435 dividend. The ex-dividend date is Tuesday, September 8th. Sociedad Quimica y Minera’s payout ratio is presently 54.64%.
Institutional Trading of Sociedad Quimica y Minera
A number of institutional investors and hedge funds have recently modified their holdings of the business. Earnest Partners LLC lifted its holdings in Sociedad Quimica y Minera by 10.2% during the fourth quarter. Earnest Partners LLC now owns 2,106,810 shares of the basic materials company’s stock worth $144,949,000 after acquiring an additional 195,142 shares during the period. Van ECK Associates Corp grew its stake in Sociedad Quimica y Minera by 24.7% in the 4th quarter. Van ECK Associates Corp now owns 2,089,638 shares of the basic materials company’s stock valued at $143,767,000 after purchasing an additional 413,246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sociedad Quimica y Minera by 4.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,529,281 shares of the basic materials company’s stock valued at $65,729,000 after purchasing an additional 69,177 shares during the last quarter. RWC Asset Advisors US LLC increased its position in shares of Sociedad Quimica y Minera by 18.7% during the 4th quarter. RWC Asset Advisors US LLC now owns 1,462,794 shares of the basic materials company’s stock valued at $100,640,000 after purchasing an additional 230,132 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Sociedad Quimica y Minera by 87.4% during the 3rd quarter. Bank of America Corp DE now owns 1,239,588 shares of the basic materials company’s stock worth $53,278,000 after purchasing an additional 578,175 shares during the period. 12.41% of the stock is owned by hedge funds and other institutional investors.
Sociedad Quimica y Minera News Summary
Here are the key news stories impacting Sociedad Quimica y Minera this week:
- Positive Sentiment: SQM declared a special dividend of $1.435 per share. Investors of record on September 8 will receive payment on September 21; the ex-dividend date is September 8. The payout could support investor interest, although the stock may adjust lower by the dividend amount on the ex-dividend date.
- Positive Sentiment: Citigroup upgraded Sociedad Quimica y Minera to Buy, citing attractive valuation and a potential near-term recovery in lithium markets. Citi set a $95 price target, implying meaningful upside from recent trading levels. SQM raised to Buy at Citi on attractive valuation, near-term lithium recovery
- Positive Sentiment: Scotiabank maintained an optimistic outlook for SQM’s fiscal 2026 and 2027 earnings, suggesting analysts see potential for stronger results as lithium demand improves. Scotiabank Has Optimistic Outlook of SQM FY2026 Earnings
- Neutral Sentiment: Lithium producers are expanding capacity to meet accelerating electric-vehicle and energy-storage demand. The outlook is constructive for long-term volumes, but the comparison with Albemarle highlights continued commodity-price and execution risks. ALB vs. SQM: Which Lithium Stock Should You Bet on Now?
- Negative Sentiment: JPMorgan cut its SQM price target from $100 to $94 and kept a Neutral rating. Although the target still indicates upside, the reduction signals less confidence in near-term appreciation.
- Negative Sentiment: A separate analysis retained a Hold rating, citing persistent lithium-price volatility and the Codelco joint venture’s expected reduction of SQM’s earnings power and control of key Chilean assets. Sociedad Quimica y Minera de Chile: Staying On The Sidelines
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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