In yesterday’s Wall Street session, Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) shares traded at $73.69, down -1.23% from the previous session.
As of this writing, 15 analysts cover Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $105.00 and a low of $67.90, we find $88.00. Given the previous closing price of $74.61, this indicates a potential upside of 17.95 percent. SQM stock price is now 1.24% away from the 50-day moving average and -10.56% away from the 200-day moving average. The market capitalization of the company currently stands at $19.45B.
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There are 4 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $86.73 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 $87,875,000. CULLEN CAPITAL MANAGEMENT, LLC invested $8,147,000 in shares of SQM during the first quarter. In the first quarter, STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in Sociedad Quimica y Minera de Chile S.A. valued at approximately $4,128,000. LMR PARTNERS LLP acquired a new stake in SQM for approximately $3,685,000. VIKING FUND MANAGEMENT LLC purchased a new stake in SQM valued at around $3,346,000 in the second quarter. In total, there are 548 active investors with 40.80% ownership of the company’s stock.
Monday morning saw Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) opened at $74.57. 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 $72.81 and a two-hundred day moving average price translates $82.30 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 $2.13B in revenue.
Investors who held shares on 07/14/2023 were paid a $0.7876 dividend. On an annualized basis, this represents a $8.74 dividend and a 11.87% 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%.
