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High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
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After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
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Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
California bill to have human drivers ride in autonomous trucks is vetoed by governor
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
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A 73-Year-Old Market Signal With 95% Accuracy Just Flashed (Ad)
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
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Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
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After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
California bill to have human drivers ride in autonomous trucks is vetoed by governor
Positive News SentimentPositive News
NYSE:SQM

Sociedad Química y Minera de Chile (SQM) Stock Forecast, Price & News

$56.78
-0.73 (-1.27%)
(As of 09/22/2023 ET)
Compare
Today's Range
$56.69
▼
$59.31
50-Day Range
$56.75
▼
$79.84
52-Week Range
$56.69
▼
$112.35
Volume
1.12 million shs
Average Volume
1.39 million shs
Market Capitalization
$16.22 billion
P/E Ratio
4.53
Dividend Yield
3.54%
Price Target
$82.61
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Sociedad Química y Minera de Chile MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
45.5% Upside
$82.61 Price Target
Short Interest
Healthy
1.24% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.80mentions of Sociedad Química y Minera de Chile in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.15%
From $11.06 to $10.38 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.19 out of 5 stars

Basic Materials Sector

9th out of 167 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

2nd out of 17 stocks

See Top Rated MarketRank™ Stocks Here

SQM stock logo

About Sociedad Química y Minera de Chile (NYSE:SQM) Stock

Sociedad Quimica y Minera de Chile, or SQM, is a Chilean-based company primarily producing and distributing fertilizers, lithium, and iodine. The company was founded in 1968 and is headquartered in Santiago, Chile. With operations in Chile, the United States, Argentina, and China, SQM is a global leader in producing and distributing specialty plant nutrition and potassium nitrate products and a key player in the lithium industry.

SQM's management team is led by Ricardo Ramos, who has been Chief Executive Officer since 2018. Ramos joined SQM in 2001 and has held various leadership positions. Before becoming CEO, Ramos served as SQM's Chief Financial Officer. In recent years, SQM has experienced strong financial performance. SQM has reported revenue and earnings increases yearly for the past several years. Earnings per share have also increased yearly.

Additionally, SQM has seen steady profit margins, with a gross profit margin of 35.4% in 2023 and a net profit margin of 18.5%. SQM has a moderate level of debt. In terms of ownership, SQM is primarily owned by various institutional investors, with the largest shareholders including Pampa Calichera and PotashCorp. SQM's valuation metrics compare favorably to industry peers. The company has a price-to-earnings and a price-to-book ratio lower than industry averages.

Regarding market performance, SQM has experienced some volatility in recent years. In Q1 of 2020, the stock saw its five-year low of around $15 per share. However, shortly after hitting that low, the stock started rising, and in Q2 of 2022, it hit an all-time high of around $115 a share. Trading volume has been equally volatile, with an average volume of approximately 1.8 million shares. 

SQM operates in a highly competitive industry, with key competitors including Albemarle Corporation and FMC Corporation. The global fertilizer market is projected to reach $199 billion by 2027, driven by increasing demand for food and agriculture products. Additionally, the lithium market is expected to grow significantly, driven by increasing demand for lithium-ion batteries in electric vehicles and other applications. SQM faces regulatory and political risks, particularly in relation to its lithium operations.

Looking ahead, SQM has identified several growth opportunities. The company plans to increase its specialty plant nutrition product production and expand its lithium market presence. Additionally, SQM has announced plans to invest in new technologies like blockchain to improve supply chain transparency and efficiency.

SQM has achieved a solid financial performance over the past few years, with revenue and earnings growth outpacing the industry average. However, the company's reliance on lithium has become a concern for investors due to potential market fluctuations. Lithium accounts for over half of the company's revenue, and changes in demand or pricing could significantly impact its financial performance. Moreover, the competitive landscape of the lithium industry is rapidly evolving, with new players entering the market and established competitors investing heavily in production capacity. Additionally, regulatory changes, such as new environmental regulations or tariffs, could impact the company's operations and profitability. Furthermore, changing consumer preferences, such as a shift towards electric vehicles, could alter the demand for lithium and other key products, adversely affecting SQM's growth prospects. 

SQM Price History

SQM Stock News Headlines

September 13, 2023 | finance.yahoo.com
2 Undervalued Lithium Mining Stocks to Consider
September 13, 2023 | msn.com
SQM started with Buy/High Risk rating at Citi as selloff seems excessive
September 24, 2023 | Behind the Markets (Ad)
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September 13, 2023 | finance.yahoo.com
General Motors upgraded, Oracle downgraded: Wall Street's top analyst calls
September 13, 2023 | markets.businessinsider.com
7 Analysts Have This to Say About Sociedad Quimica Y Minera
September 12, 2023 | seekingalpha.com
SQM: Is It Time To Buy The Dip?
September 2, 2023 | msn.com
SQM: Steep Plunge Creating Massive Appeal For The Brave
August 29, 2023 | finance.yahoo.com
Sociedad Química y Minera de Chile S.A.'s (NYSE:SQM) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?
September 24, 2023 | Behind the Markets (Ad)
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August 24, 2023 | finance.yahoo.com
Lithium Stocks: Albemarle vs. SQM -- Whose Lithium Business Did Best in Q2?
August 21, 2023 | finance.yahoo.com
SQM's Earnings Drop as Lithium Revenue Falls 21%
August 20, 2023 | oilprice.com
More Than 50 Mining Companies To Negotiate Lithium Deals With Chile
August 18, 2023 | finance.yahoo.com
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q2 2023 Earnings Call Transcript
August 18, 2023 | markets.businessinsider.com
Sociedad Quimica Y Minera SA (SQM) Receives a Buy from BMO Capital
August 17, 2023 | msn.com
SQM's Q2 profit drops on lower lithium prices; sales volume hits quarterly record
August 17, 2023 | markets.businessinsider.com
Sociedad Quimica Y Minera SA (SQM) Receives a Hold from Bank of America Securities
August 17, 2023 | msn.com
Sociedad Quimica y Minera de Chile misses Q2 top and bottom line estimates
August 16, 2023 | finance.yahoo.com
SQM REPORTS EARNINGS FOR THE SIX MONTHS ENDED JUNE 30, 2023
August 16, 2023 | markets.businessinsider.com
Here's what to expect from Sociedad Quimica y Minera de Chile ADRs's earnings report
August 16, 2023 | msn.com
Azure Minerals snubs $583m buyout bid from SQM
August 15, 2023 | msn.com
Azure Minerals rejects SQM's $585M takeover offer
August 14, 2023 | nasdaq.com
Australia's Azure Minerals rejects $585 mln takeover bid from Chile's SQM
August 14, 2023 | reuters.com
Australia's Azure Minerals rebuffs $585 million bid from Chile's SQM
August 2, 2023 | seekingalpha.com
SQM: A Roughly 30% Geopolitical Discount Compared With Albemarle
July 29, 2023 | seekingalpha.com
SQM: A Promising Long-Term Investment Opportunity (Technical Analysis)
July 27, 2023 | finance.yahoo.com
11 Cheap Lithium Stocks To Buy According To Analysts
July 25, 2023 | finance.yahoo.com
Should Value Investors Buy Sociedad Quimica y Minera (SQM) Stock?
See More Headlines
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SQM Company Calendar

Ex-Dividend for 7/20 Dividend
7/13/2023
Dividend Payable
7/20/2023
Last Earnings
8/16/2023
Today
9/24/2023
Next Earnings (Estimated)
11/15/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Sector
Basic Materials
Current Symbol
NYSE:SQM
CUSIP
N/A
CIK
909037
Web
www.sqm.com
Phone
(622) 425-2000
Fax
56-22425-2268
Employees
6,479
Year Founded
1968

Price Target and Rating

Average Stock Price Forecast
$82.61
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+45.5%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$12.54
Trailing P/E Ratio
4.53
Forward P/E Ratio
5.13
P/E Growth
0.35
Net Income
$3.91 billion
Net Margins
34.41%
Pretax Margin
47.99%
Return on Equity
71.64%
Return on Assets
33.47%

Debt

Debt-to-Equity Ratio
0.51
Current Ratio
2.39
Quick Ratio
1.67

Sales & Book Value

Annual Sales
$10.71 billion
Price / Sales
1.51
Cash Flow
$13.68 per share
Price / Cash Flow
4.15
Book Value
$17.27 per share
Price / Book
3.29

Miscellaneous

Outstanding Shares
285,640,000
Free Float
N/A
Market Cap
$16.22 billion
Optionable
Optionable
Beta
1.02

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Key Executives

  • Mr. Ricardo Ramos Rodríguez
    Chief Exec. Officer
  • Mr. Gerardo Illanes G.
    CFO & VP of Fin.
  • Irina Axenova
    Head of Investor Relations
  • Mr. Gonzalo Aguirre T.
    VP of Legal & Gen. Counsel
  • Ms. Ana Maria Munoz
    Risk, Compliance & Internal Audit Mang.
  • Mr. Carlos Diaz Ortiz
    Exec. VP of Lithium
  • Mr. Pablo C. Altimiras
    Exec. VP of Nitrates Iodine
  • Mr. Jose Miguel Berguno C.
    Sr. VP of Corp. Services
  • Felipe Smith
    Commercial Mang. of Iodine Lithium & Industrial Chemicals

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













SQM Stock - Frequently Asked Questions

Should I buy or sell Sociedad Química y Minera de Chile stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sociedad Química y Minera de Chile in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SQM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SQM, but not buy additional shares or sell existing shares.
View SQM analyst ratings or view top-rated stocks.

What is Sociedad Química y Minera de Chile's stock price forecast for 2023?

8 brokers have issued 1-year price targets for Sociedad Química y Minera de Chile's stock. Their SQM share price forecasts range from $60.00 to $100.00. On average, they anticipate the company's stock price to reach $82.61 in the next year. This suggests a possible upside of 45.5% from the stock's current price.
View analysts price targets for SQM or view top-rated stocks among Wall Street analysts.

How have SQM shares performed in 2023?

Sociedad Química y Minera de Chile's stock was trading at $79.84 at the start of the year. Since then, SQM shares have decreased by 28.9% and is now trading at $56.78.
View the best growth stocks for 2023 here.

When is Sociedad Química y Minera de Chile's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our SQM earnings forecast.

How were Sociedad Química y Minera de Chile's earnings last quarter?

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) posted its quarterly earnings results on Wednesday, August, 16th. The basic materials company reported $2.03 EPS for the quarter, missing analysts' consensus estimates of $2.62 by $0.59. The basic materials company earned $2.05 billion during the quarter, compared to analysts' expectations of $2.24 billion. Sociedad Química y Minera de Chile had a trailing twelve-month return on equity of 71.64% and a net margin of 34.41%. During the same quarter in the previous year, the company earned $3.01 EPS.

How often does Sociedad Química y Minera de Chile pay dividends? What is the dividend yield for Sociedad Química y Minera de Chile?

Sociedad Química y Minera de Chile declared a quarterly dividend on Wednesday, July 12th. Investors of record on Friday, January 1st will be given a dividend of $0.5119 per share on Thursday, July 20th. This represents a $2.05 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Thursday, July 13th.
Read our dividend analysis for SQM.

What ETFs hold Sociedad Química y Minera de Chile's stock?

ETFs with the largest weight of Sociedad Química y Minera de Chile (NYSE:SQM) stock in their portfolio include Sprott Lithium Miners ETF (LITP), iShares Lithium Miners and Producers ETF (ILIT), Sprott Energy Transition Materials ETF (SETM), Optica Rare Earths & Critical Materials ETF (CRIT), ProShares S&P Global Core Battery Metals ETF (ION), Global X Lithium & Battery Tech ETF (LIT), Alpha Architect Freedom 100 Emerging Market ETF (FRDM) and Subversive Food Security ETF (KCAL).

Is Sociedad Química y Minera de Chile a good dividend stock?

Sociedad Química y Minera de Chile (NYSE:SQM) pays an annual dividend of $2.01 per share and currently has a dividend yield of 3.54%. The dividend payout ratio is 16.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SQM will have a dividend payout ratio of 19.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SQM.

What is Patricio Contesse González's approval rating as Sociedad Química y Minera de Chile's CEO?

7 employees have rated Sociedad Química y Minera de Chile Chief Executive Officer Patricio Contesse González on Glassdoor.com. Patricio Contesse González has an approval rating of 59% among the company's employees. This puts Patricio Contesse González in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Sociedad Química y Minera de Chile own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sociedad Química y Minera de Chile investors own include Albemarle (ALB), Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Energy Transfer (ET), Intel (INTC), Advanced Micro Devices (AMD), QUALCOMM (QCOM) and Tesla (TSLA).

What is Sociedad Química y Minera de Chile's stock symbol?

Sociedad Química y Minera de Chile trades on the New York Stock Exchange (NYSE) under the ticker symbol "SQM."

Who are Sociedad Química y Minera de Chile's major shareholders?

Sociedad Química y Minera de Chile's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (1.28%), Capital International Investors (1.23%), abrdn plc (0.88%), Lazard Asset Management LLC (0.86%), Mirae Asset Global Investments Co. Ltd. (0.67%) and State Street Corp (0.51%).

How do I buy shares of Sociedad Química y Minera de Chile?

Shares of SQM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sociedad Química y Minera de Chile's stock price today?

One share of SQM stock can currently be purchased for approximately $56.78.

How much money does Sociedad Química y Minera de Chile make?

Sociedad Química y Minera de Chile (NYSE:SQM) has a market capitalization of $16.22 billion and generates $10.71 billion in revenue each year. The basic materials company earns $3.91 billion in net income (profit) each year or $12.54 on an earnings per share basis.

How many employees does Sociedad Química y Minera de Chile have?

The company employs 6,479 workers across the globe.

How can I contact Sociedad Química y Minera de Chile?

Sociedad Química y Minera de Chile's mailing address is EL TROVADOR 4285 6TH FLOOR, SANTIAGO F3, . The official website for the company is www.sqm.com. The basic materials company can be reached via phone at (622) 425-2000, via email at ir@sqm.com, or via fax at 56-22425-2268.

This page (NYSE:SQM) was last updated on 9/24/2023 by MarketBeat.com Staff

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