Sociedad Química y Minera de Chile (SQM) Stock Forecast & Price Target

$37.90 -0.48 (-1.25%)

(As of 11/14/2024 ET)

Sociedad Química y Minera de Chile - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 8 Analyst Ratings

Sell
1

Hold
3

Buy
4

Based on 8 Wall Street analysts who have issued ratings for Sociedad Química y Minera de Chile in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 1 has given a sell rating, 3 have given a hold rating, and 4 have given a buy rating for SQM.

Consensus Price Target

$48.69
28.46% Upside

According to the 8 analysts' twelve-month price targets for Sociedad Química y Minera de Chile, the average price target is $48.69. The highest price target for SQM is $70.00, while the lowest price target for SQM is $35.00. The average price target represents a forecasted upside of 28.46% from the current price of $37.90.

SQM Analyst Ratings Over Time

Type	Current Forecast 11/16/23 to 11/15/24	1 Month Ago 10/17/23 to 10/16/24	3 Months Ago 8/18/23 to 8/17/24	1 Year Ago 11/16/22 to 11/16/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$48.69	$48.69	$57.33	$79.39
Forecasted Upside	28.46% Upside	24.27% Upside	54.57% Upside	67.56% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Hold

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SQM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SQM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sociedad Química y Minera de Chile Stock vs. The Competition

Type	Sociedad Química y Minera de Chile	Basic Materials Companies	S&P 500
Consensus Rating Score	2.38	2.76	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	28.46% Upside	125.36% Upside	8.88% Upside
News Sentiment Rating	Positive News See Recent SQM News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/11/2024	JPMorgan Chase & Co. 3 of 5 stars		Downgrade	Overweight ➝ Neutral	$55.00 ➝ $44.00	+0.15%
8/26/2024	Jefferies Financial Group 2 of 5 stars		Lower Target	Buy ➝ Buy	$62.80 ➝ $55.00	+42.93%
8/21/2024	Bank of America 4 of 5 stars		Lower Target	Underperform ➝ Underperform	$47.00 ➝ $38.00	+0.26%
8/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Farid Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
7/31/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Castanos-Moll Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$35.00	-7.16%
7/18/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$45.00 ➝ $36.00	-10.29%
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5/24/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$70.00 ➝ $65.00	+31.63%
3/4/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Isaacson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Outperform ➝ Sector Outperform	$80.00 ➝ $70.00	+45.86%
9/12/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$85.00	+46.17%
8/28/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$83.00 ➝ $71.00	+11.71%
7/6/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$134.00 ➝ $90.50	+18.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:53 AM ET.

SQM Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Sociedad Química y Minera de Chile is $48.69, with a high forecast of $70.00 and a low forecast of $35.00.
: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sociedad Química y Minera de Chile in the last twelve months. There is currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SQM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SQM, but not buy additional shares or sell existing shares.
: According to analysts, Sociedad Química y Minera de Chile's stock has a predicted upside of 28.46% based on their 12-month stock forecasts.
: Over the previous 90 days, Sociedad Química y Minera de Chile's stock had 1 downgrade by analysts.
: Sociedad Química y Minera de Chile has been rated by research analysts at Bank of America, Jefferies Financial Group, and JPMorgan Chase & Co. in the past 90 days.
: Analysts like Sociedad Química y Minera de Chile less than other "basic materials" companies. The consensus rating for Sociedad Química y Minera de Chile is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how SQM compares to other companies.

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This page (NYSE:SQM) was last updated on 11/15/2024 by MarketBeat.com Staff

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Sociedad Química y Minera de Chile (SQM) Stock Forecast & Price Target