Brokerages Set Sociedad Quimica y Minera S.A. (NYSE:SQM) Target Price at $75.50

Sociedad Quimica y Minera S.A. (NYSE:SQM) has earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $75.50.

A number of brokerages have weighed in on SQM. Zacks Research lowered Sociedad Quimica y Minera from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research note on Wednesday, June 24th. Scotiabank boosted their price target on shares of Sociedad Quimica y Minera from $100.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 28th. Wall Street Zen cut shares of Sociedad Quimica y Minera from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 28th. Finally, CLSA upgraded shares of Sociedad Quimica y Minera to an “outperform” rating in a report on Tuesday, June 2nd.

Sociedad Quimica y Minera Trading Down 0.6%

SQM stock opened at $74.00 on Friday. Sociedad Quimica y Minera has a 12-month low of $35.67 and a 12-month high of $98.00. The business’s 50-day moving average is $80.94 and its 200 day moving average is $78.81. The company has a current ratio of 2.76, a quick ratio of 2.01 and a debt-to-equity ratio of 0.58. The stock has a market cap of $21.14 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 0.21 and a beta of 0.97.

Sociedad Quimica y Minera (NYSE:SQM) last released its earnings results on Saturday, May 16th. The basic materials company reported $1.28 earnings per share for the quarter. The business had revenue of $1.76 billion for the quarter. Sociedad Quimica y Minera had a return on equity of 11.99% and a net margin of 15.38%. On average, sell-side analysts anticipate that Sociedad Quimica y Minera will post 7.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Sociedad Quimica y Minera

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new position in Sociedad Quimica y Minera during the fourth quarter worth approximately $29,000. GAMMA Investing LLC grew its holdings in Sociedad Quimica y Minera by 138.4% in the 4th quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock valued at $30,000 after buying an additional 256 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Sociedad Quimica y Minera in the 3rd quarter worth $43,000. Signaturefd LLC increased its stake in shares of Sociedad Quimica y Minera by 37.0% in the 4th quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 177 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in shares of Sociedad Quimica y Minera during the 3rd quarter worth $49,000. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.