Sociedad Quimica y Minera de Chile (SQM) Now Covered by BMO Capital Markets

BMO Capital Markets began coverage on shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set an “outperform” rating on the basic materials company’s stock.

Other equities analysts have also issued reports about the company. TheStreet raised Sociedad Quimica y Minera de Chile from a “c” rating to a “b-” rating in a research note on Monday, October 1st. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Friday, October 5th. Deutsche Bank set a $56.00 price target on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Jefferies Financial Group started coverage on Sociedad Quimica y Minera de Chile in a research note on Wednesday, October 3rd. They set a “hold” rating and a $51.00 price target for the company. Finally, ValuEngine lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Monday, August 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Sociedad Quimica y Minera de Chile has an average rating of “Hold” and a consensus price target of $53.00.

Shares of NYSE SQM opened at $42.21 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.64 and a quick ratio of 2.33. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.05 and a beta of 1.06. Sociedad Quimica y Minera de Chile has a 1 year low of $39.54 and a 1 year high of $64.20.



Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Wednesday, August 22nd. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. The firm had revenue of $638.70 million during the quarter, compared to analyst estimates of $549.92 million. Sociedad Quimica y Minera de Chile had a return on equity of 21.19% and a net margin of 20.56%. Equities research analysts forecast that Sociedad Quimica y Minera de Chile will post 1.92 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SQM. Wells Fargo & Company MN boosted its stake in shares of Sociedad Quimica y Minera de Chile by 41.2% during the 1st quarter. Wells Fargo & Company MN now owns 96,603 shares of the basic materials company’s stock worth $4,748,000 after acquiring an additional 28,198 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Sociedad Quimica y Minera de Chile by 18.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 7,931 shares of the basic materials company’s stock worth $389,000 after acquiring an additional 1,249 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Sociedad Quimica y Minera de Chile during the 1st quarter worth $2,920,000. Legal & General Group Plc boosted its stake in shares of Sociedad Quimica y Minera de Chile by 39.7% during the 1st quarter. Legal & General Group Plc now owns 14,444 shares of the basic materials company’s stock worth $710,000 after acquiring an additional 4,104 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Sociedad Quimica y Minera de Chile by 24.0% during the 1st quarter. Royal Bank of Canada now owns 103,663 shares of the basic materials company’s stock worth $5,095,000 after acquiring an additional 20,072 shares in the last quarter. 9.43% of the stock is owned by institutional investors and hedge funds.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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