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

Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $45.56.

Several analysts have commented on the stock. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Scotiabank dropped their target price on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft dropped their target price 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 research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $44.00 in a research report on Friday, October 11th.

Sociedad Química y Minera de Chile Stock Down 0.6 %

NYSE:SQM opened at $39.93 on Friday. The stock’s fifty day moving average price is $38.45 and its two-hundred day moving average price is $38.65. Sociedad Química y Minera de Chile has a 52-week low of $32.24 and a 52-week high of $51.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The company has a market cap of $11.40 billion, a price-to-earnings ratio of -35.97, a P/E/G ratio of 5.42 and a beta of 1.03.

Institutional Trading of Sociedad Química y Minera de Chile

A number of large investors have recently made changes to their positions in the company. abrdn plc increased its position in shares of Sociedad Química y Minera de Chile by 2.7% in the 3rd quarter. abrdn plc now owns 1,204,942 shares of the basic materials company’s stock valued at $49,668,000 after buying an additional 31,955 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Sociedad Química y Minera de Chile by 2.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,342 shares of the basic materials company’s stock worth $36,984,000 after purchasing an additional 24,999 shares during the period. Dimensional Fund Advisors LP boosted its stake in Sociedad Química y Minera de Chile by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock worth $19,921,000 after purchasing an additional 13,756 shares during the period. Sei Investments Co. boosted its stake in Sociedad Química y Minera de Chile by 4.9% in the 2nd quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company’s stock worth $17,050,000 after purchasing an additional 19,649 shares during the period. Finally, State Street Corp boosted its stake in Sociedad Química y Minera de Chile by 8.9% in the 3rd quarter. State Street Corp now owns 265,545 shares of the basic materials company’s stock worth $11,068,000 after purchasing an additional 21,778 shares during the period. Institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Company Profile

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.