Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) - Research analysts at Scotiabank increased their FY2026 EPS estimates for shares of Sociedad Quimica y Minera in a research note issued on Monday, August 24th. Scotiabank analyst B. Isaacson now anticipates that the basic materials company will earn $8.58 per share for the year, up from their previous estimate of $8.21. Scotiabank currently has a "Sector Outperform" rating and a $104.00 target price on the stock. The consensus estimate for Sociedad Quimica y Minera's current full-year earnings is $7.33 per share.
A number of other equities research analysts have also recently weighed in on SQM. Weiss Ratings raised Sociedad Quimica y Minera from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on Sociedad Quimica y Minera from $105.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday, July 14th. The Goldman Sachs Group lifted their target price on Sociedad Quimica y Minera from $64.00 to $82.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. CLSA upgraded shares of Sociedad Quimica y Minera to an "outperform" rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen upgraded shares of Sociedad Quimica y Minera from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $76.27.
Check Out Our Latest Research Report on Sociedad Quimica y Minera
Sociedad Quimica y Minera Trading Up 0.5%
SQM opened at $82.40 on Tuesday. Sociedad Quimica y Minera has a 52 week low of $40.58 and a 52 week high of $98.00. The business has a fifty day simple moving average of $72.97 and a 200-day simple moving average of $77.73. The firm has a market cap of $23.54 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.28 and a beta of 0.98. The company has a quick ratio of 2.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.58.
Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The basic materials company reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.28. The firm had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.24 billion. Sociedad Quimica y Minera had a net margin of 20.62% and a return on equity of 19.08%. The firm's quarterly revenue was up 136.7% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS.
Institutional Trading of Sociedad Quimica y Minera
Large investors have recently modified their holdings of the stock. Legal & General Group Plc raised its position in Sociedad Quimica y Minera by 7,083.3% in the 4th quarter. Legal & General Group Plc now owns 289,701 shares of the basic materials company's stock valued at $19,931,000 after purchasing an additional 285,668 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Sociedad Quimica y Minera by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 649,528 shares of the basic materials company's stock worth $44,688,000 after buying an additional 27,035 shares in the last quarter. Premier Fund Managers Ltd acquired a new position in shares of Sociedad Quimica y Minera during the fourth quarter worth about $9,801,000. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Sociedad Quimica y Minera during the fourth quarter worth approximately $19,488,000. Finally, UBS Group AG increased its stake in shares of Sociedad Quimica y Minera by 6.9% during the fourth quarter. UBS Group AG now owns 420,262 shares of the basic materials company's stock worth $28,914,000 after buying an additional 27,230 shares during the period. Hedge funds and other institutional investors own 12.41% of the company's stock.
Sociedad Quimica y Minera Company Profile
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Get Free Report)
Sociedad Química y Minera de Chile SA NYSE: SQM is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.
SQM's product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.
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