Brokerages Set Sociedad Quimica y Minera de Chile (SQM) Price Target at $51.20

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Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $51.20.

Several research analysts recently weighed in on the company. Zacks Investment Research cut Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Deutsche Bank set a $50.00 price target on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a research report on Wednesday, November 28th. JPMorgan Chase & Co. set a $52.00 price target on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a research report on Friday, November 16th. BMO Capital Markets assumed coverage on Sociedad Quimica y Minera de Chile in a research report on Monday, October 29th. They set an “outperform” rating for the company. Finally, Santander upgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating in a research report on Wednesday, December 12th.

Shares of Sociedad Quimica y Minera de Chile stock traded down $1.06 on Tuesday, reaching $41.55. 529,606 shares of the stock were exchanged, compared to its average volume of 514,030. The company has a quick ratio of 2.64, a current ratio of 4.34 and a debt-to-equity ratio of 0.57. Sociedad Quimica y Minera de Chile has a twelve month low of $36.70 and a twelve month high of $58.69. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 0.89 and a beta of 1.23.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its quarterly earnings results on Wednesday, November 21st. The basic materials company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.07). The company had revenue of $543.20 million for the quarter, compared to analysts’ expectations of $596.76 million. Sociedad Quimica y Minera de Chile had a net margin of 19.41% and a return on equity of 20.13%. Research analysts anticipate that Sociedad Quimica y Minera de Chile will post 1.74 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Schroder Investment Management Group increased its position in shares of Sociedad Quimica y Minera de Chile by 166.6% in the third quarter. Schroder Investment Management Group now owns 1,218,808 shares of the basic materials company’s stock valued at $55,724,000 after buying an additional 761,708 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Sociedad Quimica y Minera de Chile by 30.2% in the second quarter. Advisors Asset Management Inc. now owns 58,493 shares of the basic materials company’s stock valued at $2,811,000 after buying an additional 13,559 shares in the last quarter. Krane Funds Advisors LLC increased its position in shares of Sociedad Quimica y Minera de Chile by 7.9% in the third quarter. Krane Funds Advisors LLC now owns 10,858 shares of the basic materials company’s stock valued at $496,000 after buying an additional 795 shares in the last quarter. Deutsche Bank AG increased its position in shares of Sociedad Quimica y Minera de Chile by 80.3% in the third quarter. Deutsche Bank AG now owns 360,024 shares of the basic materials company’s stock valued at $16,457,000 after buying an additional 160,381 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Sociedad Quimica y Minera de Chile in the third quarter valued at approximately $162,000. Institutional investors own 10.62% of the company’s stock.

About Sociedad Quimica y Minera de Chile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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Analyst Recommendations for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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