Sociedad Quimica y Minera S.A. (NYSE:SQM)‘s stock had its “market perform” rating reiterated by equities researchers at BMO Capital Markets in a note issued to investors on Friday. They currently have a $50.00 price objective on the basic materials company’s stock, up from their previous price objective of $45.00. BMO Capital Markets’ price target suggests a potential downside of 15.17% from the company’s previous close.

A number of other equities analysts also recently issued reports on SQM. BidaskClub raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday, August 23rd. Bank of America Corporation raised Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 13th. Finally, Santander raised Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research note on Wednesday, September 13th. Five analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $42.18.

Shares of Sociedad Quimica y Minera (SQM) traded down 0.41% during mid-day trading on Friday, reaching $58.94. The company’s stock had a trading volume of 1,548,891 shares. The company’s 50 day moving average price is $51.75 and its 200-day moving average price is $40.08. The company has a market capitalization of $15.51 billion, a price-to-earnings ratio of 45.48 and a beta of 1.07. Sociedad Quimica y Minera has a 1-year low of $26.28 and a 1-year high of $63.80.

Sociedad Quimica y Minera (NYSE:SQM) last issued its earnings results on Wednesday, August 23rd. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $505.70 million for the quarter, compared to analysts’ expectations of $500.49 million. Sociedad Quimica y Minera had a return on equity of 14.90% and a net margin of 16.28%. Analysts predict that Sociedad Quimica y Minera will post $1.60 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in SQM. Invictus RG grew its holdings in Sociedad Quimica y Minera by 164.1% during the 1st quarter. Invictus RG now owns 3,072 shares of the basic materials company’s stock valued at $106,000 after buying an additional 1,909 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in Sociedad Quimica y Minera during the 2nd quarter valued at $116,000. Quantbot Technologies LP acquired a new stake in Sociedad Quimica y Minera during the 1st quarter valued at $136,000. Nomura Asset Management Co. Ltd. grew its holdings in Sociedad Quimica y Minera by 20.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,200 shares of the basic materials company’s stock valued at $144,000 after buying an additional 700 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Sociedad Quimica y Minera by 2,557.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,385 shares of the basic materials company’s stock valued at $151,000 after buying an additional 4,220 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

About Sociedad Quimica y Minera

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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

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