Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) have received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $41.18.

Several equities research analysts have weighed in on SQM shares. BidaskClub downgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Bank of America Corporation raised Sociedad Quimica y Minera de Chile from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 13th. BMO Capital Markets reaffirmed a “market perform” rating and set a $45.00 price target (up from $35.00) on shares of Sociedad Quimica y Minera de Chile in a research report on Tuesday, August 29th. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Wednesday, June 21st. Finally, Santander raised Sociedad Quimica y Minera de Chile from an “underperform” rating to a “hold” rating in a research report on Wednesday, September 13th.

Sociedad Quimica y Minera de Chile (NYSE SQM) traded down 3.78% during mid-day trading on Friday, reaching $56.48. The company’s stock had a trading volume of 2,616,479 shares. Sociedad Quimica y Minera de Chile has a one year low of $24.85 and a one year high of $63.43. The stock has a 50-day moving average price of $46.82 and a 200-day moving average price of $38.17. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of 43.58 and a beta of 1.03.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its quarterly earnings results on Wednesday, August 23rd. The basic materials company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $505.70 million for the quarter, compared to analyst estimates of $500.49 million. Sociedad Quimica y Minera de Chile had a return on equity of 18.51% and a net margin of 19.95%. Equities research analysts forecast that Sociedad Quimica y Minera de Chile will post $1.60 EPS for the current year.

The firm also recently announced a dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 8th were given a dividend of $0.384 per share. The ex-dividend date of this dividend was Thursday, September 7th. Sociedad Quimica y Minera de Chile’s dividend payout ratio (DPR) is presently 109.30%.

Large investors have recently bought and sold shares of the company. Invictus RG grew its position in shares of Sociedad Quimica y Minera de Chile by 164.1% during the 1st quarter. Invictus RG now owns 3,072 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 1,909 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Sociedad Quimica y Minera de Chile during the 2nd quarter valued at about $116,000. Quantbot Technologies LP acquired a new stake in shares of Sociedad Quimica y Minera de Chile during the 1st quarter valued at about $136,000. Nomura Asset Management Co. Ltd. grew its position in shares of Sociedad Quimica y Minera de Chile by 20.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,200 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 700 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Sociedad Quimica y Minera de Chile by 2,557.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,385 shares of the basic materials company’s stock valued at $151,000 after acquiring an additional 4,220 shares during the period. Hedge funds and other institutional investors own 13.65% of the company’s stock.

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Sociedad Quimica y Minera de Chile Company Profile

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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

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