Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Receives $45.56 Consensus PT from Analysts

Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) have earned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $45.56.

A number of equities analysts recently weighed in on the stock. Scotiabank reduced their target price on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, November 25th. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. downgraded shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $44.00 in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, November 21st.

Hedge Funds Weigh In On Sociedad Química y Minera de Chile

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new stake in shares of Sociedad Química y Minera de Chile during the second quarter worth approximately $8,592,000. Concentric Capital Strategies LP bought a new stake in shares of Sociedad Química y Minera de Chile during the third quarter worth approximately $4,213,000. KBC Group NV boosted its holdings in shares of Sociedad Química y Minera de Chile by 908.3% during the third quarter. KBC Group NV now owns 64,992 shares of the basic materials company’s stock worth $2,709,000 after acquiring an additional 58,546 shares during the period. abrdn plc boosted its holdings in shares of Sociedad Química y Minera de Chile by 2.7% during the third quarter. abrdn plc now owns 1,204,942 shares of the basic materials company’s stock worth $49,668,000 after acquiring an additional 31,955 shares during the period. Finally, Mirabella Financial Services LLP bought a new stake in shares of Sociedad Química y Minera de Chile during the third quarter worth approximately $1,116,000. Institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

Shares of NYSE SQM opened at $39.93 on Friday. The firm has a market cap of $11.40 billion, a PE ratio of -35.97, a PEG ratio of 5.42 and a beta of 1.03. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile has a 1-year low of $32.24 and a 1-year high of $51.90. The company has a fifty day moving average price of $38.45 and a 200 day moving average price of $38.65.

Sociedad Química y Minera de Chile Company Profile

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.