Brokers Set Expectations for SQM Q4 Earnings

Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) - Analysts at Scotiabank issued their Q4 2024 EPS estimates for Sociedad Química y Minera de Chile in a research report issued to clients and investors on Monday, November 25th. Scotiabank analyst B. Isaacson anticipates that the basic materials company will post earnings per share of $0.46 for the quarter. Scotiabank has a "Sector Outperform" rating and a $50.00 price objective on the stock. The consensus estimate for Sociedad Química y Minera de Chile's current full-year earnings is ($1.12) per share.

Other analysts also recently issued reports about the stock. Jefferies Financial Group cut their price objective on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a "buy" rating on the stock in a research report on Monday, August 26th. The Goldman Sachs Group upgraded Sociedad Química y Minera de Chile from a "neutral" rating to a "buy" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Sociedad Química y Minera de Chile from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $55.00 to $44.00 in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. Finally, Bank of America reduced their price objective on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an "underperform" rating for the company in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $45.56.

Sociedad Química y Minera de Chile Trading Up 1.5 %

Shares of NYSE:SQM traded up $0.56 on Wednesday, hitting $38.59. The company had a trading volume of 1,155,998 shares, compared to its average volume of 1,174,337. Sociedad Química y Minera de Chile has a 1 year low of $32.24 and a 1 year high of $64.62. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of -34.58 and a beta of 1.03. The firm's 50-day simple moving average is $39.62 and its two-hundred day simple moving average is $40.46. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SQM. Blue Trust Inc. lifted its position in shares of Sociedad Química y Minera de Chile by 396.2% during the 2nd quarter. Blue Trust Inc. now owns 913 shares of the basic materials company's stock worth $37,000 after purchasing an additional 729 shares during the last quarter. Signaturefd LLC lifted its position in Sociedad Química y Minera de Chile by 204.9% in the second quarter. Signaturefd LLC now owns 2,061 shares of the basic materials company's stock valued at $84,000 after purchasing an additional 1,385 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sociedad Química y Minera de Chile by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company's stock valued at $87,000 after buying an additional 683 shares in the last quarter. MML Investors Services LLC acquired a new position in shares of Sociedad Química y Minera de Chile during the 3rd quarter worth $202,000. Finally, DekaBank Deutsche Girozentrale grew its position in Sociedad Química y Minera de Chile by 216.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,968 shares of the basic materials company's stock worth $207,000 after buying an additional 3,398 shares during the period. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.