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

Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) have received an average recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $45.56.

A number of research analysts have recently commented on the company. StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. 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. Finally, Scotiabank reduced their target price on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, November 25th.

Hedge Funds Weigh In On Sociedad Química y Minera de Chile

A number of large investors have recently made changes to their positions in SQM. MFA Wealth Advisors LLC lifted its stake in Sociedad Química y Minera de Chile by 4.7% in the third quarter. MFA Wealth Advisors LLC now owns 7,006 shares of the basic materials company’s stock worth $292,000 after purchasing an additional 313 shares during the last quarter. Saturna Capital Corp raised its holdings in shares of Sociedad Química y Minera de Chile by 0.8% in the third quarter. Saturna Capital Corp now owns 49,407 shares of the basic materials company’s stock worth $2,059,000 after buying an additional 407 shares during the period. Rakuten Securities Inc. lifted its stake in shares of Sociedad Química y Minera de Chile by 11.2% during the 4th quarter. Rakuten Securities Inc. now owns 4,119 shares of the basic materials company’s stock worth $150,000 after acquiring an additional 415 shares during the last quarter. Signaturefd LLC boosted its holdings in Sociedad Química y Minera de Chile by 21.3% during the 3rd quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 439 shares during the period. Finally, Vontobel Holding Ltd. grew its position in Sociedad Química y Minera de Chile by 1.1% in the 4th quarter. Vontobel Holding Ltd. now owns 40,589 shares of the basic materials company’s stock valued at $1,476,000 after acquiring an additional 452 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Price Performance

Shares of Sociedad Química y Minera de Chile stock opened at $38.87 on Thursday. The firm has a market cap of $11.10 billion, a PE ratio of -35.02, a PEG ratio of 4.85 and a beta of 1.04. The stock has a 50 day moving average of $38.51 and a 200 day moving average of $38.56. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile has a 12 month low of $32.24 and a 12 month high of $51.90.

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.