Sociedad Quimica y Minera de Chile (SQM) Receives Consensus Recommendation of “Hold” from Analysts

Sociedad Quimica y Minera de Chile (NYSE:SQM) has been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $53.00.

Several research firms have issued reports on SQM. ValuEngine lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Monday, August 20th. Zacks Investment Research upgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, August 1st. Deutsche Bank set a $56.00 price objective on Sociedad Quimica y Minera de Chile and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. BMO Capital Markets increased their price objective on Sociedad Quimica y Minera de Chile to $50.00 and gave the stock an “underperform” rating in a research note on Monday, August 27th. Finally, TheStreet upgraded Sociedad Quimica y Minera de Chile from a “c” rating to a “b-” rating in a research note on Monday, October 1st.

Sociedad Quimica y Minera de Chile stock traded up $0.14 during mid-day trading on Wednesday, hitting $45.16. 3,594 shares of the company were exchanged, compared to its average volume of 1,129,676. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.64 and a quick ratio of 2.33. Sociedad Quimica y Minera de Chile has a 1-year low of $40.91 and a 1-year high of $64.20. The firm has a market capitalization of $12.03 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.21 and a beta of 1.06.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings data on Wednesday, August 22nd. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.13. Sociedad Quimica y Minera de Chile had a return on equity of 21.19% and a net margin of 20.56%. The firm had revenue of $638.70 million during the quarter, compared to analyst estimates of $549.92 million. On average, equities research analysts predict that Sociedad Quimica y Minera de Chile will post 1.88 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which was paid on Monday, September 24th. Stockholders of record on Thursday, September 6th were issued a dividend of $0.5086 per share. This represents a dividend yield of 2.36%. The ex-dividend date was Wednesday, September 5th. This is a boost from Sociedad Quimica y Minera de Chile’s previous semiannual dividend of $0.42. Sociedad Quimica y Minera de Chile’s dividend payout ratio is presently 79.75%.

Several hedge funds have recently made changes to their positions in SQM. Financial Gravity Wealth Inc. bought a new position in Sociedad Quimica y Minera de Chile in the first quarter valued at about $104,000. US Bancorp DE boosted its holdings in Sociedad Quimica y Minera de Chile by 72.4% in the first quarter. US Bancorp DE now owns 2,284 shares of the basic materials company’s stock valued at $112,000 after acquiring an additional 959 shares during the last quarter. IFP Advisors Inc boosted its holdings in Sociedad Quimica y Minera de Chile by 2,518.4% in the first quarter. IFP Advisors Inc now owns 2,566 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 2,468 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in Sociedad Quimica y Minera de Chile in the second quarter valued at about $130,000. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in Sociedad Quimica y Minera de Chile in the second quarter valued at about $202,000. Institutional investors own 9.49% of the company’s stock.

About Sociedad Quimica y Minera de Chile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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

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