Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Given Consensus Recommendation of “Hold” by Brokerages

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) has earned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $45.56.

SQM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Finally, Scotiabank decreased their price target on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a research report on Monday, November 25th.

Sociedad Química y Minera de Chile Stock Down 0.4 %

Shares of NYSE:SQM opened at $37.46 on Thursday. The company’s fifty day moving average is $38.54 and its 200-day moving average is $38.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. Sociedad Química y Minera de Chile has a 52 week low of $32.24 and a 52 week high of $51.90. The company has a market capitalization of $10.70 billion, a PE ratio of -33.75, a P/E/G ratio of 5.18 and a beta of 1.04.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. National Bank of Canada FI bought a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter worth $68,000. Edmond DE Rothschild Holding S.A. increased its position in Sociedad Química y Minera de Chile by 6.7% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 9,612 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 600 shares during the period. Sava Infond d.o.o. bought a new stake in Sociedad Química y Minera de Chile during the 4th quarter worth about $1,344,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Sociedad Química y Minera de Chile during the 4th quarter valued at about $174,000. Finally, American Century Companies Inc. lifted its position in Sociedad Química y Minera de Chile by 8.8% during the 4th quarter. American Century Companies Inc. now owns 101,561 shares of the basic materials company’s stock valued at $3,693,000 after purchasing an additional 8,240 shares during the period. 12.41% of the stock is currently owned by institutional investors.

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.