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

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) has earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One equities 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 target price among analysts that have issued a report on the stock in the last year is $45.56.

SQM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered 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 research report on Thursday, November 21st. JPMorgan Chase & Co. lowered Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $44.00 in a research note on Friday, October 11th. StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Finally, Scotiabank decreased their target price on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a research report on Monday, November 25th.

Hedge Funds Weigh In On Sociedad Química y Minera de Chile

Several large investors have recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter worth about $120,395,000. abrdn plc grew its holdings in Sociedad Química y Minera de Chile by 2.7% during the 3rd quarter. abrdn plc now owns 1,204,942 shares of the basic materials company’s stock worth $49,668,000 after acquiring an additional 31,955 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position 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 valued at $36,984,000 after acquiring an additional 24,999 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Sociedad Química y Minera de Chile by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock valued at $19,921,000 after acquiring an additional 13,756 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Sociedad Química y Minera de Chile by 4.9% during the second 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. 12.41% of the stock is currently owned by institutional investors.

Sociedad Química y Minera de Chile Price Performance

Shares of NYSE:SQM opened at $39.19 on Friday. The firm has a 50 day moving average of $38.50 and a 200-day moving average of $38.62. Sociedad Química y Minera de Chile has a 12 month low of $32.24 and a 12 month high of $51.90. 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 market capitalization of $11.19 billion, a PE ratio of -35.31, a PEG ratio of 5.20 and a beta of 1.03.

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.