Q4 Earnings Estimate for SQM Issued By Scotiabank

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) – Scotiabank issued their Q4 2024 earnings per share estimates for Sociedad Química y Minera de Chile in a research note issued to investors on Monday, November 25th. Scotiabank analyst B. Isaacson anticipates that the basic materials company will post earnings per share of $0.46 for the quarter. Scotiabank has a “Sector Outperform” rating and a $50.00 price target on the stock. The consensus estimate for Sociedad Química y Minera de Chile’s current full-year earnings is ($1.12) per share.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $44.00 in a research report on Friday, October 11th. Jefferies Financial Group cut their price target on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Bank of America decreased their price objective on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating for the company in a report on Wednesday, August 21st. StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sociedad Química y Minera de Chile currently has an average rating of “Hold” and a consensus price target of $45.56.

Sociedad Química y Minera de Chile Stock Performance

Shares of Sociedad Química y Minera de Chile stock opened at $38.56 on Wednesday. The company has a market capitalization of $11.01 billion, a PE ratio of -34.77 and a beta of 1.03. The company has a 50-day simple moving average of $39.64 and a two-hundred day simple moving average of $40.45. Sociedad Química y Minera de Chile has a one year low of $32.24 and a one year high of $64.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94.

Institutional Trading of Sociedad Química y Minera de Chile

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in shares of Sociedad Química y Minera de Chile by 41.6% in the 2nd quarter. Van ECK Associates Corp now owns 899,646 shares of the basic materials company’s stock valued at $36,661,000 after acquiring an additional 264,324 shares during the last quarter. Marshall Wace LLP purchased a new stake in Sociedad Química y Minera de Chile in the second quarter valued at $8,592,000. Concentric Capital Strategies LP acquired a new stake in Sociedad Química y Minera de Chile during the 3rd quarter worth about $4,213,000. Prudential PLC grew its position in Sociedad Química y Minera de Chile by 18.9% during the 2nd quarter. Prudential PLC now owns 612,538 shares of the basic materials company’s stock worth $24,961,000 after purchasing an additional 97,479 shares during the period. Finally, Unison Advisors LLC purchased a new position in shares of Sociedad Química y Minera de Chile during the 2nd quarter valued at about $2,547,000. Institutional investors and hedge funds own 12.41% of the company’s stock.

About Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.