Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) have been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $45.56.

SQM has been the subject of several research reports. StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Scotiabank lowered their price objective on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, November 21st.

Institutional Trading of Sociedad Química y Minera de Chile

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Investment Management LLC acquired a new position in Sociedad Química y Minera de Chile in the fourth quarter valued at approximately $39,000. Jones Financial Companies Lllp lifted its stake in shares of Sociedad Química y Minera de Chile by 803.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 956 shares during the period. R Squared Ltd purchased a new stake in Sociedad Química y Minera de Chile during the fourth quarter worth $58,000. National Bank of Canada FI purchased a new stake in Sociedad Química y Minera de Chile during the fourth quarter worth $68,000. Finally, Avior Wealth Management LLC grew its position in Sociedad Química y Minera de Chile by 104.0% during the fourth quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock valued at $77,000 after buying an additional 1,085 shares during the period. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Stock Performance

Sociedad Química y Minera de Chile stock opened at $38.87 on Thursday. Sociedad Química y Minera de Chile has a fifty-two week low of $32.24 and a fifty-two week high of $51.90. The company has a market capitalization of $11.10 billion, a PE ratio of -35.02, a P/E/G ratio of 4.85 and a beta of 1.04. The company has a 50 day moving average price of $38.51 and a 200-day moving average price of $38.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94.

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.