Q4 Earnings Estimate for SQM Issued By Scotiabank

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) – Investment analysts at Scotiabank issued their Q4 2024 earnings per share estimates for Sociedad Química y Minera de Chile in a research report issued on Monday, November 25th. Scotiabank analyst B. Isaacson expects that the basic materials company will post earnings of $0.46 per share 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 research analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $55.00 to $44.00 in a research note on Friday, October 11th. Bank of America reduced their price target on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of 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. Berenberg Bank assumed coverage on shares of Sociedad Química y Minera de Chile in a report on Wednesday, July 31st. They set a “hold” rating and a $35.00 target price on the stock. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sociedad Química y Minera de Chile presently has a consensus rating of “Hold” and a consensus target price of $45.56.

Sociedad Química y Minera de Chile Stock Performance

Shares of Sociedad Química y Minera de Chile stock opened at $38.59 on Wednesday. The company’s 50 day moving average price is $39.62 and its two-hundred day moving average price is $40.46. The firm has a market capitalization of $11.02 billion, a P/E ratio of -34.58 and a beta of 1.03. Sociedad Química y Minera de Chile has a fifty-two week low of $32.24 and a fifty-two week high of $64.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05.

Hedge Funds Weigh In On Sociedad Química y Minera de Chile

A number of hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sociedad Química y Minera de Chile by 0.3% in the 2nd 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 in the last quarter. MFA Wealth Advisors LLC increased its holdings in Sociedad Química y Minera de Chile by 4.7% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Sociedad Química y Minera de Chile by 3.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,037 shares of the basic materials company’s stock valued at $531,000 after buying an additional 401 shares during the period. Saturna Capital Corp boosted its holdings in shares of Sociedad Química y Minera de Chile by 0.8% during the 3rd quarter. Saturna Capital Corp now owns 49,407 shares of the basic materials company’s stock worth $2,059,000 after buying an additional 407 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Sociedad Química y Minera de Chile by 21.3% during the 3rd quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock worth $104,000 after buying an additional 439 shares during the period. Institutional investors own 12.41% of the company’s stock.

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.