Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Receives $45.56 Consensus Price Target from Analysts

Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Get Free Report) have received a consensus recommendation of "Hold" from the eight ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $45.56.

SQM has been the topic of a number of recent analyst reports. Bank of America lowered their price target on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an "underperform" rating on the stock in a research note on Wednesday, August 21st. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a "neutral" rating to a "buy" rating in a research report on Friday, August 9th. Jefferies Financial Group decreased their price target on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a "buy" rating on the stock in a research note on Monday, August 26th. StockNews.com upgraded Sociedad Química y Minera de Chile to a "sell" rating in a report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, November 21st.

Hedge Funds Weigh In On Sociedad Química y Minera de Chile

A number of institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sociedad Química y Minera de Chile by 0.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,111 shares of the basic materials company's stock worth $3,876,000 after acquiring an additional 275 shares during the last quarter. MFA Wealth Advisors LLC boosted its holdings in shares of Sociedad Química y Minera de Chile by 4.7% during the third quarter. MFA Wealth Advisors LLC now owns 7,006 shares of the basic materials company's stock worth $292,000 after purchasing an additional 313 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Sociedad Química y Minera de Chile by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,037 shares of the basic materials company's stock worth $531,000 after purchasing an additional 401 shares during the last quarter. Saturna Capital Corp grew its position in shares of Sociedad Química y Minera de Chile by 0.8% in the third quarter. Saturna Capital Corp now owns 49,407 shares of the basic materials company's stock valued at $2,059,000 after purchasing an additional 407 shares during the period. Finally, Signaturefd LLC increased its stake in Sociedad Química y Minera de Chile by 21.3% in the third quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company's stock valued at $104,000 after purchasing an additional 439 shares during the last quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Price Performance

Shares of SQM traded down $0.10 during mid-day trading on Friday, hitting $38.46. The company's stock had a trading volume of 1,013,313 shares, compared to its average volume of 1,173,640. The firm has a 50-day simple moving average of $39.68 and a 200 day simple moving average of $40.37. 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 $10.99 billion, a P/E ratio of -34.65 and a beta of 1.03. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74.

About Sociedad Química y Minera de Chile

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.