Sociedad Quimica y Minera S.A. (NYSE:SQM – Free Report) – Equities researchers at Scotiabank raised their FY2027 earnings estimates for Sociedad Quimica y Minera in a report released on Wednesday, May 27th. Scotiabank analyst B. Isaacson now expects that the basic materials company will post earnings per share of $7.80 for the year, up from their previous forecast of $7.52. Scotiabank has a “Sector Outperform” rating and a $105.00 price objective on the stock. The consensus estimate for Sociedad Quimica y Minera’s current full-year earnings is $6.62 per share.
A number of other analysts also recently weighed in on the stock. Bank of America raised their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Friday, March 27th. Zacks Research downgraded shares of Sociedad Quimica y Minera from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, March 4th. Finally, Wall Street Zen raised shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $71.83.
Sociedad Quimica y Minera Stock Up 0.1%
Shares of NYSE SQM opened at $84.03 on Friday. Sociedad Quimica y Minera has a fifty-two week low of $29.36 and a fifty-two week high of $98.00. The business has a 50 day moving average price of $84.59 and a two-hundred day moving average price of $75.49. The firm has a market cap of $24.00 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 0.26 and a beta of 1.00.
Sociedad Quimica y Minera (NYSE:SQM – Get Free Report) last issued its quarterly earnings data on Saturday, May 16th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter. Sociedad Quimica y Minera had a net margin of 15.38% and a return on equity of 12.89%. The company had revenue of $1.76 billion during the quarter.
Sociedad Quimica y Minera Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were paid a dividend of $1.0295 per share. The ex-dividend date was Friday, May 8th. This represents a $4.12 annualized dividend and a yield of 4.9%. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is 129.27%.
Hedge Funds Weigh In On Sociedad Quimica y Minera
Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in Sociedad Quimica y Minera by 37.0% in the fourth quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 177 shares during the period. Sequoia Financial Advisors LLC lifted its position in Sociedad Quimica y Minera by 5.9% in the first quarter. Sequoia Financial Advisors LLC now owns 3,767 shares of the basic materials company’s stock worth $305,000 after purchasing an additional 210 shares during the period. Parallel Advisors LLC lifted its position in Sociedad Quimica y Minera by 43.2% in the first quarter. Parallel Advisors LLC now owns 822 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 248 shares during the period. GAMMA Investing LLC lifted its position in 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 purchasing an additional 256 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Sociedad Quimica y Minera by 1.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,363 shares of the basic materials company’s stock worth $988,000 after purchasing an additional 257 shares during the period. 12.41% of the stock is currently 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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