Sociedad Quimica y Minera S.A. (SQM) Given Consensus Rating of “Hold” by Analysts

Sociedad Quimica y Minera S.A. (NYSE:SQM) has been given an average recommendation of “Hold” by the nine research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $36.98.

A number of equities analysts recently issued reports on SQM shares. BidaskClub lowered Sociedad Quimica y Minera from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Vetr raised Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 price objective for the company in a report on Wednesday, May 3rd. Zacks Investment Research lowered Sociedad Quimica y Minera from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price objective on shares of Sociedad Quimica y Minera in a report on Thursday, May 18th. Finally, Deutsche Bank AG lowered Sociedad Quimica y Minera from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a report on Monday, April 17th.

Sociedad Quimica y Minera (NYSE SQM) traded up 1.28% during mid-day trading on Monday, hitting $35.58. The company had a trading volume of 857,952 shares. The firm has a market cap of $9.36 billion, a P/E ratio of 29.00 and a beta of 1.02. The stock’s 50 day moving average price is $34.96 and its 200 day moving average price is $33.32. Sociedad Quimica y Minera has a 52-week low of $24.18 and a 52-week high of $37.47.

The firm also recently disclosed a dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 8th were issued a $0.3922 dividend. This is a positive change from Sociedad Quimica y Minera’s previous dividend of $0.26. The ex-dividend date was Tuesday, June 6th. Sociedad Quimica y Minera’s dividend payout ratio is 94.31%.

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A number of institutional investors have recently modified their holdings of the company. Axiom International Investors LLC DE raised its position in shares of Sociedad Quimica y Minera by 6.6% in the first quarter. Axiom International Investors LLC DE now owns 1,630,752 shares of the basic materials company’s stock worth $56,049,000 after buying an additional 101,528 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Sociedad Quimica y Minera by 155.9% in the first quarter. Goldman Sachs Group Inc. now owns 984,749 shares of the basic materials company’s stock worth $33,846,000 after buying an additional 599,929 shares during the period. Renaissance Technologies LLC raised its position in shares of Sociedad Quimica y Minera by 3.9% in the first quarter. Renaissance Technologies LLC now owns 785,500 shares of the basic materials company’s stock worth $26,998,000 after buying an additional 29,600 shares during the period. Global X Management Co. LLC raised its position in shares of Sociedad Quimica y Minera by 23.1% in the first quarter. Global X Management Co. LLC now owns 716,308 shares of the basic materials company’s stock worth $24,620,000 after buying an additional 134,504 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Sociedad Quimica y Minera by 6.2% in the first quarter. Parametric Portfolio Associates LLC now owns 638,761 shares of the basic materials company’s stock worth $21,954,000 after buying an additional 37,144 shares during the period. 15.83% of the stock is owned by institutional investors and hedge funds.

About Sociedad Quimica y Minera

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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

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