BMO Capital Markets restated their market perform rating on shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) in a report issued on Tuesday morning. They currently have a $45.00 price objective on the basic materials company’s stock, up from their previous price objective of $35.00.

Several other equities research analysts have also weighed in on SQM. Zacks Investment Research raised Sociedad Quimica y Minera from a hold rating to a buy rating and set a $49.00 target price on the stock in a research report on Wednesday, August 23rd. BidaskClub raised Sociedad Quimica y Minera from a hold rating to a buy rating in a research report on Monday, July 24th. Deutsche Bank AG raised their target price on Sociedad Quimica y Minera from $36.00 to $38.00 and gave the stock a hold rating in a research report on Monday, May 22nd. Finally, Vetr raised Sociedad Quimica y Minera from a buy rating to a strong-buy rating and set a $38.88 target price on the stock in a research report on Wednesday, May 3rd. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $41.18.

Shares of Sociedad Quimica y Minera (NYSE SQM) opened at 48.04 on Tuesday. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 37.07 and a beta of 1.02. Sociedad Quimica y Minera has a 52 week low of $24.75 and a 52 week high of $48.82. The stock’s 50 day moving average price is $42.12 and its 200-day moving average price is $36.44.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings results on Wednesday, August 23rd. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $505.70 million during the quarter, compared to analyst estimates of $500.49 million. Sociedad Quimica y Minera had a net margin of 16.28% and a return on equity of 14.81%. Equities analysts anticipate that Sociedad Quimica y Minera will post $1.56 earnings per share for the current fiscal year.

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The firm also recently announced a dividend, which will be paid on Thursday, September 14th. Stockholders of record on Friday, September 8th will be given a dividend of $0.384 per share. The ex-dividend date of this dividend is Thursday, September 7th. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is presently 89.92%.

Large investors have recently modified their holdings of the company. Invictus RG raised its stake in shares of Sociedad Quimica y Minera by 164.1% in the first quarter. Invictus RG now owns 3,072 shares of the basic materials company’s stock valued at $106,000 after buying an additional 1,909 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Sociedad Quimica y Minera during the second quarter valued at $116,000. Quantbot Technologies LP acquired a new stake in shares of Sociedad Quimica y Minera during the first quarter valued at $136,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Sociedad Quimica y Minera by 20.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 4,200 shares of the basic materials company’s stock valued at $144,000 after buying an additional 700 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Sociedad Quimica y Minera by 2,557.6% in the first quarter. Tower Research Capital LLC TRC now owns 4,385 shares of the basic materials company’s stock valued at $151,000 after buying an additional 4,220 shares during the period. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Quimica y Minera 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 (NYSE:SQM)

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