Q3 Earnings Forecast for SQM Issued By Scotiabank

Sociedad Quimica y Minera S.A. (NYSE:SQM) – Scotiabank issued their Q3 2026 earnings estimates for shares of Sociedad Quimica y Minera in a report released on Tuesday, October 27th. Scotiabank analyst B. Isaacson expects that the basic materials company will earn $2.59 per share for the quarter. Scotiabank currently has a “Sector Outperform” rating and a $104.00 target price on the stock. The consensus estimate for Sociedad Quimica y Minera’s current full-year earnings is $7.45 per share.

Several other analysts have also issued reports on SQM. Zacks Research lowered shares of Sociedad Quimica y Minera from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. The Goldman Sachs Group raised their price objective on Sociedad Quimica y Minera from $64.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Citigroup upgraded Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $97.00 to $95.00 in a report on Thursday, August 27th. JPMorgan Chase & Co. lowered their target price on Sociedad Quimica y Minera from $94.00 to $88.00 and set a “neutral” rating for the company in a research note on Friday, September 18th. Finally, Wall Street Zen upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $86.12.

Sociedad Quimica y Minera Price Performance

Shares of NYSE:SQM opened at $58.95 on Thursday. The stock has a market cap of $16.84 billion, a PE ratio of 12.15, a PEG ratio of 0.19 and a beta of 1.05. The company’s fifty day moving average is $68.83 and its 200 day moving average is $75.72. Sociedad Quimica y Minera has a 52 week low of $45.00 and a 52 week high of $98.00. The company has a quick ratio of 1.96, a current ratio of 2.61 and a debt-to-equity ratio of 0.55.

Sociedad Quimica y Minera (NYSE:SQM) last released its earnings results on Friday, August 14th. The basic materials company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.03 by $0.28. Sociedad Quimica y Minera had a net margin of 20.62% and a return on equity of 18.20%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm earned $0.79 EPS. The firm’s quarterly revenue was up 136.7% compared to the same quarter last year.

Sociedad Quimica y Minera Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, September 21st. Investors of record on Tuesday, September 8th were paid a $1.4350 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. Sociedad Quimica y Minera’s payout ratio is presently 34.85%.

Institutional Investors Weigh In On Sociedad Quimica y Minera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nykredit A S bought a new stake in Sociedad Quimica y Minera during the 2nd quarter valued at $2,756,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Sociedad Quimica y Minera during the 1st quarter valued at $2,854,000. Amundi grew its holdings in Sociedad Quimica y Minera by 15.0% in the 1st quarter. Amundi now owns 640,499 shares of the basic materials company’s stock worth $51,842,000 after acquiring an additional 83,738 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Sociedad Quimica y Minera by 602.0% in the 1st quarter. Renaissance Technologies LLC now owns 502,484 shares of the basic materials company’s stock worth $40,671,000 after acquiring an additional 430,900 shares during the last quarter. Finally, ARGA Investment Management LP bought a new stake in Sociedad Quimica y Minera in the 1st quarter worth $21,297,000. 12.41% of the stock is currently owned by institutional investors.

About Sociedad Quimica y Minera

Sociedad Química y Minera de Chile SA (NYSE: SQM), commonly known as SQM, is a Chilean chemical and mining company headquartered in Santiago. Founded in 1968, the company develops and produces specialty chemicals and plant nutrients from mineral resources in northern Chile.

SQM is one of the world’s major producers of lithium compounds, including lithium carbonate and lithium hydroxide, which are used in rechargeable batteries and other industrial applications. The company also produces iodine and iodine derivatives, potassium chloride, potassium sulfate, industrial chemicals, and specialty plant nutrition products.