Brokerages Set Sociedad Quimica y Minera de Chile (SQM) PT at $60.75

Sociedad Quimica y Minera de Chile (NYSE:SQM) has earned a consensus rating of “Hold” from the fourteen analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $60.75.

SQM has been the topic of a number of recent research reports. ValuEngine cut Sociedad Quimica y Minera de Chile from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 15th. Deutsche Bank set a $63.00 price objective on Sociedad Quimica y Minera de Chile and gave the stock a “buy” rating in a research note on Tuesday, March 6th. HSBC upgraded Sociedad Quimica y Minera de Chile from a “reduce” rating to a “hold” rating in a research note on Thursday, March 8th. Zacks Investment Research upgraded Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a research note on Wednesday, May 23rd. Finally, UBS Group upgraded Sociedad Quimica y Minera de Chile from an “underperform” rating to a “market perform” rating in a research note on Thursday, May 24th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Sociedad Quimica y Minera de Chile by 28.9% during the first quarter. BlackRock Inc. now owns 1,957,055 shares of the basic materials company’s stock worth $96,189,000 after acquiring an additional 438,904 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Sociedad Quimica y Minera de Chile by 7.6% during the first quarter. Global X Management Co. LLC now owns 1,436,325 shares of the basic materials company’s stock worth $70,595,000 after acquiring an additional 101,440 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Sociedad Quimica y Minera de Chile by 34.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,214,300 shares of the basic materials company’s stock worth $72,093,000 after acquiring an additional 313,000 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Sociedad Quimica y Minera de Chile by 36.6% during the fourth quarter. Two Sigma Investments LP now owns 927,689 shares of the basic materials company’s stock worth $55,077,000 after acquiring an additional 248,754 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Sociedad Quimica y Minera de Chile by 31.2% during the fourth quarter. Bank of New York Mellon Corp now owns 737,550 shares of the basic materials company’s stock worth $43,788,000 after acquiring an additional 175,586 shares during the last quarter. 10.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sociedad Quimica y Minera de Chile opened at $48.05 on Monday, according to MarketBeat.com. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 29.48 and a beta of 1.06. Sociedad Quimica y Minera de Chile has a 12 month low of $32.50 and a 12 month high of $64.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.02 and a current ratio of 3.22.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Thursday, May 24th. The basic materials company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). The company had revenue of $518.70 million for the quarter, compared to analyst estimates of $522.50 million. Sociedad Quimica y Minera de Chile had a return on equity of 19.48% and a net margin of 20.32%. equities research analysts predict that Sociedad Quimica y Minera de Chile will post 1.75 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Monday, June 25th. Stockholders of record on Monday, June 11th were given a dividend of $0.4305 per share. This represents a dividend yield of 1.66%. This is a positive change from Sociedad Quimica y Minera de Chile’s previous special dividend of $0.13. The ex-dividend date of this dividend was Friday, June 8th. Sociedad Quimica y Minera de Chile’s payout ratio is presently 67.48%.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. The company offers specialty plant nutrients, such as potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers for crops, including vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

Analyst Recommendations for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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