Sociedad Química y Minera de Chile (NYSE:SQM – Get Free Report) had its price target decreased by research analysts at BMO Capital Markets from $105.00 to $100.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ target price indicates a potential upside of 58.73% from the stock’s previous close.

A number of other brokerages also recently commented on SQM. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Sociedad Química y Minera de Chile from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 20th. JPMorgan Chase & Co. dropped their price objective on shares of Sociedad Química y Minera de Chile from $97.00 to $93.00 and set an “overweight” rating on the stock in a research report on Friday, July 21st. HSBC dropped their price objective on shares of Sociedad Química y Minera de Chile from $134.00 to $90.50 in a research report on Thursday, July 6th. The Goldman Sachs Group began coverage on shares of Sociedad Química y Minera de Chile in a research report on Friday, May 19th. They issued a “sell” rating and a $60.00 price objective on the stock. Finally, StockNews.com started coverage on shares of Sociedad Química y Minera de Chile in a research report on Thursday. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sociedad Química y Minera de Chile presently has an average rating of “Hold” and a consensus price target of $85.06.

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Sociedad Química y Minera de Chile Price Performance

Sociedad Química y Minera de Chile stock opened at $63.00 on Friday. The firm has a market cap of $18.00 billion, a PE ratio of 4.66, a price-to-earnings-growth ratio of 0.36 and a beta of 0.97. Sociedad Química y Minera de Chile has a 52-week low of $60.21 and a 52-week high of $115.72. The company has a quick ratio of 1.81, a current ratio of 2.48 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $72.86 and its two-hundred day moving average is $76.48.

Sociedad Química y Minera de Chile (NYSE:SQM – Get Free Report) last released its earnings results on Wednesday, August 16th. The basic materials company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($0.59). Sociedad Química y Minera de Chile had a return on equity of 82.96% and a net margin of 35.24%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company earned $3.01 earnings per share. On average, research analysts expect that Sociedad Química y Minera de Chile will post 12.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SQM. D.A. Davidson & CO. acquired a new stake in shares of Sociedad Química y Minera de Chile in the 1st quarter worth $626,000. Ridgewood Investments LLC acquired a new stake in Sociedad Química y Minera de Chile during the 1st quarter valued at $48,000. Accel Wealth Management purchased a new position in Sociedad Química y Minera de Chile in the 1st quarter valued at about $32,000. Penserra Capital Management LLC raised its holdings in Sociedad Química y Minera de Chile by 266.7% in the 1st quarter. Penserra Capital Management LLC now owns 6,006 shares of the basic materials company’s stock valued at $486,000 after acquiring an additional 4,368 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Sociedad Química y Minera de Chile in the 4th quarter worth about $549,000. 17.35% of the stock is owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Company Profile

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Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

Further Reading

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