Scotiabank Lowers Sociedad Química y Minera de Chile (NYSE:SQM) Price Target to $45.00

Sociedad Química y Minera de Chile (NYSE:SQM - Free Report) had its price target lowered by Scotiabank from $50.00 to $45.00 in a research note issued to investors on Friday,Benzinga reports. Scotiabank currently has a sector outperform rating on the basic materials company's stock. Scotiabank also issued estimates for Sociedad Química y Minera de Chile's Q2 2025 earnings at $0.56 EPS, FY2025 earnings at $2.63 EPS and FY2026 earnings at $3.76 EPS.

Separately, BMO Capital Markets decreased their price objective on shares of Sociedad Química y Minera de Chile from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $41.86.

Sociedad Química y Minera de Chile Trading Down 3.3%

Shares of SQM traded down $1.03 during trading hours on Friday, hitting $30.43. The company had a trading volume of 1,405,118 shares, compared to its average volume of 1,070,065. Sociedad Química y Minera de Chile has a 52-week low of $30.18 and a 52-week high of $47.60. 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 stock's 50 day moving average price is $35.08 and its 200 day moving average price is $37.88. The firm has a market cap of $8.69 billion, a P/E ratio of -27.41, a P/E/G ratio of 5.00 and a beta of 1.11.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.15). Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned ($3.04) earnings per share. Sociedad Química y Minera de Chile's revenue was down 4.4% compared to the same quarter last year. On average, research analysts predict that Sociedad Química y Minera de Chile will post -1.31 EPS for the current year.

Institutional Investors Weigh In On Sociedad Química y Minera de Chile

Hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group lifted its holdings in shares of Sociedad Química y Minera de Chile by 61,700.0% during the first quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 617 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Sociedad Química y Minera de Chile in the 1st quarter worth approximately $34,000. Kestra Investment Management LLC bought a new position in Sociedad Química y Minera de Chile during the 4th quarter valued at approximately $39,000. Jones Financial Companies Lllp raised its stake in Sociedad Química y Minera de Chile by 803.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company's stock valued at $39,000 after buying an additional 956 shares during the last quarter. Finally, Grove Bank & Trust bought a new stake in Sociedad Química y Minera de Chile in the first quarter worth $46,000. Institutional investors own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Company Profile

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.