Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM – Get Free Report) have been assigned an average recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $73.5833.
Several equities analysts recently weighed in on SQM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, June 24th. Wall Street Zen downgraded Sociedad Quimica y Minera from a “strong-buy” rating to a “buy” rating in a research report on Saturday. CLSA upgraded Sociedad Quimica y Minera to an “outperform” rating in a report on Tuesday, June 2nd. Scotiabank cut their price target on Sociedad Quimica y Minera from $105.00 to $93.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Sociedad Quimica y Minera from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, July 14th.
View Our Latest Research Report on SQM
Hedge Funds Weigh In On Sociedad Quimica y Minera
Sociedad Quimica y Minera Stock Performance
Shares of SQM opened at $67.00 on Tuesday. The company has a market capitalization of $19.14 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 0.18 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.76 and a quick ratio of 2.01. Sociedad Quimica y Minera has a one year low of $35.67 and a one year high of $98.00. The company’s fifty day moving average price is $74.97 and its 200 day moving average price is $78.53.
Sociedad Quimica y Minera (NYSE:SQM – Get Free Report) last released its quarterly earnings results on Saturday, May 16th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter. The company had revenue of $1.76 billion during the quarter. Sociedad Quimica y Minera had a net margin of 15.38% and a return on equity of 11.99%. As a group, analysts expect that Sociedad Quimica y Minera will post 7.45 earnings per share for the current year.
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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