Q4 Earnings Estimate for SQM Issued By Scotiabank

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

SQM has been the subject of several other research reports. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft dropped their price target on 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. Bank of America reduced their price objective on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lowered 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 note on Friday, October 11th. Finally, The Goldman Sachs Group raised Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.56.

Sociedad Química y Minera de Chile Trading Up 1.4 %

SQM stock opened at $38.56 on Wednesday. The firm has a market cap of $11.01 billion, a PE ratio of -34.77 and a beta of 1.03. The firm has a fifty day moving average price of $39.64 and a 200 day moving average price of $40.45. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. Sociedad Química y Minera de Chile has a fifty-two week low of $32.24 and a fifty-two week high of $64.62.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC increased its holdings in Sociedad Química y Minera de Chile by 242.5% during the 2nd quarter. SG Americas Securities LLC now owns 37,977 shares of the basic materials company’s stock worth $1,548,000 after purchasing an additional 26,889 shares during the period. Unison Advisors LLC purchased a new position in shares of Sociedad Química y Minera de Chile during the second quarter valued at $2,547,000. Sei Investments Co. raised its holdings in shares of Sociedad Química y Minera de Chile by 4.9% in the second quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company’s stock valued at $17,050,000 after acquiring an additional 19,649 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Sociedad Química y Minera de Chile by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock worth $19,921,000 after acquiring an additional 13,756 shares during the period. Finally, Virtu Financial LLC bought a new position in Sociedad Química y Minera de Chile during the 2nd quarter worth about $989,000. 12.41% of the stock is currently owned by institutional investors.

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.