The stock of Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) last traded at $79.24, up 6.35% from the previous session.
Data from the available sources indicates that Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) is covered by 16 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $136.00 and a low of $60.60, we find $88.00. Given the previous closing price of $74.51, this indicates a potential upside of 18.1 percent. SQM stock price is now 13.28% away from the 50-day moving average and -5.52% away from the 200-day moving average. The market capitalization of the company currently stands at $19.79B.
In total, 5 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $89.32 as their price target over the next twelve months.
With the price target of $60, Goldman recently initiated with Sell rating for Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM).
A total of 72.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SQM stock. A new stake in Sociedad Quimica y Minera de Chile S.A. shares was purchased by CI INVESTMENTS INC. during the first quarter worth $94,493,000. CAPITAL ADVISORS INC/OK invested $15,556,000 in shares of SQM during the first quarter. In the first quarter, CULLEN CAPITAL MANAGEMENT, LLC acquired a new stake in Sociedad Quimica y Minera de Chile S.A. valued at approximately $8,761,000. STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in SQM for approximately $4,439,000. LMR PARTNERS LLP purchased a new stake in SQM valued at around $3,962,000 in the second quarter. In total, there are 539 active investors with 40.80% ownership of the company’s stock.
With an opening price of $74.52 on Friday morning, Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) set off the trading day. During the past 12 months, Sociedad Quimica y Minera de Chile S.A. has had a low of $60.21 and a high of $115.72. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 2.50, and a quick ratio of 1.80. The fifty day moving average price for SQM is $70.21 and a two-hundred day moving average price translates $83.73 for the stock.
The latest earnings results from Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) was released for Mar, 2023. According to the Specialty Chemicals Company, earnings per share came in at $2.63, missing analysts’ expectations of $3.05 by -0.42. This compares to $2.79 EPS in the same period last year. The net profit margin was 35.20% and return on equity was 83.60% for SQM. The company reported revenue of $2.26 billion for the quarter, compared to $2.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.08 percent. For the current quarter, analysts expect SQM to generate $2.29B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/01/0001. Investors who held shares on 07/14/2023 were paid a $0.7876 dividend. On an annualized basis, this represents a $8.76 dividend and a 11.06% percent yield. There was an ex-dividend date of 07/13/2023 for this dividend. In terms of dividend payout ratio, SQM is presently at 78.20%.
Sociedad Quimica y Minera de Chile S.A.(SQM) Company Profile
Sociedad Química y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers. It also provides iodine and its derivatives for use in medical, pharmaceutical, agricultural, and industrial applications comprising x-ray contrast media, polarizing films for LCD and LED, antiseptics, biocides and disinfectants, pharmaceutical synthesis, electronics, pigments, and dye components. In addition, the company offers lithium carbonates for various applications that include electrochemical materials for batteries, frits for the ceramic and enamel industries, heat-resistant glass, air conditioning chemicals, continuous casting powder for steel extrusion, primary aluminum smelting process, pharmaceuticals, and lithium derivatives, as well as ingredient in manufacturing of gunpowder. Further, it supplies lithium hydroxide for the lubricating greases industry, as well as cathodes for batteries. Additionally, it offers potassium chloride and potassium sulfate for various crops, including corn, rice, sugar, soybean, and wheat; industrial chemicals, including sodium nitrate, potassium nitrate, potassium chloride, and solar salts; and other fertilizers and blends. The company operates in Chile, Latin America and the Caribbean, Europe, North America, Asia, and internationally. The company was founded in 1960 and is headquartered in Santiago, Chile.
