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

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

A number of equities analysts have recently issued reports on SQM shares. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Scotiabank lowered 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 note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 note on Thursday, November 21st.

Institutional Investors Weigh In On Sociedad Química y Minera de Chile

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Investment Management LLC acquired a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter worth $39,000. Jones Financial Companies Lllp lifted its stake in shares of Sociedad Química y Minera de Chile by 803.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company’s stock worth $39,000 after buying an additional 956 shares during the period. R Squared Ltd purchased a new position in shares of Sociedad Química y Minera de Chile during the fourth quarter worth $58,000. National Bank of Canada FI purchased a new position in shares of Sociedad Química y Minera de Chile during the fourth quarter worth $68,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Sociedad Química y Minera de Chile by 104.0% during the fourth quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 1,085 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Price Performance

NYSE SQM opened at $38.64 on Thursday. 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 firm’s 50 day moving average price is $38.60 and its 200-day moving average price is $38.52. 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 market cap of $11.04 billion, a PE ratio of -34.81, a P/E/G ratio of 5.18 and a beta of 1.04.

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.