Q4 Earnings Estimate for SQM Issued By Scotiabank

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) – Equities research analysts at Scotiabank issued their Q4 2024 earnings per share estimates for shares of Sociedad Química y Minera de Chile in a report released on Monday, November 25th. Scotiabank analyst B. Isaacson anticipates that the basic materials company will earn $0.46 per share for the quarter. Scotiabank 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.

Several other research firms also recently issued reports on SQM. Jefferies Financial Group reduced their price target on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating for the company in a research report on Monday, August 26th. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Berenberg Bank began coverage on shares of Sociedad Química y Minera de Chile in a report on Wednesday, July 31st. They issued a “hold” rating and a $35.00 target price on the stock. Bank of America cut their price target on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating for the company in a research note on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $45.56.

Sociedad Química y Minera de Chile Trading Up 1.5 %

NYSE SQM opened at $38.59 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile has a 52 week low of $32.24 and a 52 week high of $64.62. The business has a 50 day moving average price of $39.62 and a 200-day moving average price of $40.46. The company has a market cap of $11.02 billion, a price-to-earnings ratio of -34.58 and a beta of 1.03.

Institutional Trading of Sociedad Química y Minera de Chile

A number of hedge funds have recently bought and sold shares of the business. abrdn plc boosted its stake in Sociedad Química y Minera de Chile by 2.7% in the third quarter. abrdn plc now owns 1,204,942 shares of the basic materials company’s stock valued at $49,668,000 after acquiring an additional 31,955 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Sociedad Química y Minera de Chile by 41.6% during the 2nd quarter. Van ECK Associates Corp now owns 899,646 shares of the basic materials company’s stock valued at $36,661,000 after purchasing an additional 264,324 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Sociedad Química y Minera de Chile by 2.9% in the third 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. Prudential PLC grew its position in shares of Sociedad Química y Minera de Chile by 18.9% during the 2nd quarter. Prudential PLC now owns 612,538 shares of the basic materials company’s stock valued at $24,961,000 after purchasing an additional 97,479 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Sociedad Química y Minera de Chile by 2.9% during the 2nd 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. 12.41% of the stock is currently owned by institutional investors.

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.