Brokers Issue Forecasts for SQM Q4 Earnings

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) – Analysts at Scotiabank issued their Q4 2024 earnings per share estimates for Sociedad Química y Minera de Chile in a note issued to investors on Monday, November 25th. Scotiabank analyst B. Isaacson anticipates that the basic materials company will post earnings of $0.46 per share for the quarter. Scotiabank currently has a “Sector Outperform” rating and a $50.00 price target on the stock. The consensus estimate for Sociedad Química y Minera de Chile’s current full-year earnings is ($1.12) per share.

A number of other research firms also recently commented on SQM. The Goldman Sachs Group raised Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research note on Friday, August 9th. Bank of America dropped their target price on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating for the company in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. JPMorgan Chase & Co. downgraded shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $44.00 in a research report on Friday, October 11th. Finally, Jefferies Financial Group reduced their target price on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $45.56.

Sociedad Química y Minera de Chile Price Performance

NYSE:SQM opened at $38.03 on Wednesday. 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 current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average price of $39.63 and a 200-day moving average price of $40.52.

Institutional Investors Weigh In On Sociedad Química y Minera de Chile

A number of hedge funds and other institutional investors have recently bought and sold shares of SQM. O Shaughnessy Asset Management LLC boosted its position in Sociedad Química y Minera de Chile by 43.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,024 shares of the basic materials company’s stock worth $247,000 after buying an additional 1,517 shares during the period. Bluefin Capital Management LLC acquired a new stake in Sociedad Química y Minera de Chile in the first quarter valued at $251,000. Confluence Investment Management LLC increased its holdings in Sociedad Química y Minera de Chile by 18.6% in the second quarter. Confluence Investment Management LLC now owns 6,277 shares of the basic materials company’s stock valued at $256,000 after purchasing an additional 984 shares during the period. Richard P Slaughter Associates Inc lifted its holdings in Sociedad Química y Minera de Chile by 9.5% during the 2nd quarter. Richard P Slaughter Associates Inc now owns 30,092 shares of the basic materials company’s stock worth $1,226,000 after buying an additional 2,623 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Sociedad Química y Minera de Chile by 242.5% in the 2nd quarter. SG Americas Securities LLC now owns 37,977 shares of the basic materials company’s stock valued at $1,548,000 after buying an additional 26,889 shares during the last quarter. 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.