Sprott Inc. Lowers Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Sprott Inc. reduced its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 27.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,312 shares of the basic materials company’s stock after selling 5,518 shares during the period. Sprott Inc.’s holdings in Sociedad Química y Minera de Chile were worth $520,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SQM. Kestra Investment Management LLC acquired a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter valued at about $39,000. R Squared Ltd acquired a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at approximately $58,000. Avior Wealth Management LLC increased its holdings in Sociedad Química y Minera de Chile by 104.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,085 shares during the last quarter. Signaturefd LLC raised its position in Sociedad Química y Minera de Chile by 21.3% in the third quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 439 shares during the period. Finally, Blue Trust Inc. lifted its stake in Sociedad Química y Minera de Chile by 216.6% during the third quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 1,978 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Performance

Shares of SQM opened at $39.80 on Wednesday. The stock has a 50-day simple moving average of $38.64 and a 200-day simple moving average of $38.72. 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 S.A. has a 1 year low of $32.24 and a 1 year high of $51.90. The stock has a market capitalization of $11.37 billion, a PE ratio of -35.86, a PEG ratio of 5.00 and a beta of 1.04.

Analyst Upgrades and Downgrades

SQM has been the subject of a number of research reports. Scotiabank dropped their price objective on 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. Deutsche Bank Aktiengesellschaft dropped their target price on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have given 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 presently has an average rating of “Hold” and an average price target of $45.56.

Sociedad Química y Minera de Chile 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.