Scotiabank Brokers Decrease Earnings Estimates for SQM

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) – Scotiabank lowered their FY2024 earnings per share estimates for Sociedad Química y Minera de Chile in a research note issued on Monday, November 25th. Scotiabank analyst B. Isaacson now expects that the basic materials company will post earnings per share of ($1.37) for the year, down from their prior estimate of ($0.86). 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. Scotiabank also issued estimates for Sociedad Química y Minera de Chile’s FY2025 earnings at $3.92 EPS.

SQM has been the topic of several other reports. Berenberg Bank assumed coverage on Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They set a “hold” rating and a $35.00 price objective on the stock. JPMorgan Chase & Co. lowered shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $44.00 in a report on Friday, October 11th. 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. The Goldman Sachs Group raised shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a report on Friday, August 9th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.56.

Sociedad Química y Minera de Chile Trading Up 1.5 %

NYSE:SQM opened at $38.59 on Thursday. Sociedad Química y Minera de Chile has a 52 week low of $32.24 and a 52 week high of $64.62. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. The company has a market cap of $11.02 billion, a PE ratio of -34.77 and a beta of 1.03. The business’s 50 day moving average is $39.62 and its two-hundred day moving average is $40.46.

Institutional Investors Weigh In On Sociedad Química y Minera de Chile

A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its position in Sociedad Química y Minera de Chile by 396.2% in the 2nd quarter. Blue Trust Inc. now owns 913 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 729 shares during the period. Signaturefd LLC increased its holdings in shares of Sociedad Química y Minera de Chile by 204.9% during the second quarter. Signaturefd LLC now owns 2,061 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 1,385 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sociedad Química y Minera de Chile by 47.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 683 shares in the last quarter. MML Investors Services LLC acquired a new stake in Sociedad Química y Minera de Chile in the third quarter worth about $202,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Sociedad Química y Minera de Chile by 216.4% in 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 period. Institutional investors own 12.41% of the company’s stock.

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.