What is Scotiabank’s Forecast for SQM Q4 Earnings?

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) – Analysts at Scotiabank issued their Q4 2024 earnings estimates for 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 target on the stock. The consensus estimate for Sociedad Química y Minera de Chile’s current full-year earnings is ($1.12) per share.

A number of other brokerages also recently weighed in on SQM. Jefferies Financial Group lowered their target price on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating for the company in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Berenberg Bank started coverage on shares of Sociedad Química y Minera de Chile in a report on Wednesday, July 31st. They issued a “hold” rating and a $35.00 price target for the company. Bank of America dropped their price objective on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a report on Wednesday, August 21st. Finally, StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Sociedad Química y Minera de Chile presently has a consensus rating of “Hold” and a consensus price target of $45.56.

Sociedad Química y Minera de Chile Stock Down 2.1 %

SQM stock opened at $38.03 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The stock has a 50-day moving average price of $39.63 and a 200-day moving average price of $40.52. Sociedad Química y Minera de Chile has a 1-year low of $32.24 and a 1-year high of $64.62.

Institutional Trading of Sociedad Química y Minera de Chile

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in shares of Sociedad Química y Minera de Chile by 396.2% during the second quarter. Blue Trust Inc. now owns 913 shares of the basic materials company’s stock valued at $37,000 after buying an additional 729 shares during the last quarter. Signaturefd LLC boosted its holdings in Sociedad Química y Minera de Chile by 204.9% during the 2nd quarter. Signaturefd LLC now owns 2,061 shares of the basic materials company’s stock worth $84,000 after acquiring an additional 1,385 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sociedad Química y Minera de Chile by 47.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company’s stock worth $87,000 after acquiring an additional 683 shares in the last quarter. MML Investors Services LLC bought a new position in shares of Sociedad Química y Minera de Chile during the third quarter valued at about $202,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Sociedad Química y Minera de Chile by 216.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,968 shares of the basic materials company’s stock worth $207,000 after purchasing an additional 3,398 shares during the last quarter. 12.41% of the stock is 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.