S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Critical asset just had biggest fall on record (Ad)
Best Buy reports lower 4Q sales and profits as shoppers remain cautious
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands
NYSE:SQM

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

$49.72
+3.70 (+8.04%)
(As of 02/29/2024 ET)
Today's Range
$47.55
$51.55
50-Day Range
$39.35
$61.93
52-Week Range
$38.50
$90.82
Volume
3.30 million shs
Average Volume
1.58 million shs
Market Capitalization
$14.20 billion
P/E Ratio
4.79
Dividend Yield
2.59%
Price Target
$69.11

Sociedad Química y Minera de Chile MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
39.0% Upside
$69.11 Price Target
Short Interest
Healthy
1.63% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.48mentions of Sociedad Química y Minera de Chile in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-38.49%
From $7.56 to $4.65 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.55 out of 5 stars

Basic Materials Sector

67th out of 171 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

5th out of 15 stocks


SQM stock logo

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

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 Stock Price History

SQM Stock News Headlines

3 lithium stocks to ride a multi-year cycle (SQM)
This is why lithium stocks could be the best place to consider deploying some of your buying power; in that space, three stocks stand out as double-digit upside
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
3 Top Lithium Stocks to Watch for the Coming Quarter
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Sociedad Quimica y Minera de Chile ADRs earnings: here's what to expect
Sociedad Quimica Y Minera de Chile S.A. - ADR
3 Stocks Set to Capitalize on Emerging Market Trends
A Closer Look at 6 Analyst Recommendations For Sociedad Quimica Y Minera
Sociedad Quimica y Minera S.A.
SQM: A Lithium Major With Long-Term Prospects
See More Headlines
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Company Calendar

Last Earnings
11/15/2023
Today
2/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
6,479
Year Founded
1968

Price Target and Rating

Average Stock Price Target
$69.11
High Stock Price Target
$90.50
Low Stock Price Target
$52.00
Potential Upside/Downside
+39.0%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$3.91 billion
Pretax Margin
44.55%

Debt

Sales & Book Value

Annual Sales
$10.71 billion
Cash Flow
$14.89 per share
Book Value
$17.27 per share

Miscellaneous

Free Float
N/A
Market Cap
$14.20 billion
Optionable
Optionable
Beta
1.03

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Key Executives

  • Mr. Ricardo Ramos Rodríguez
    Chief Executive Officer
  • Mr. Gerardo Illanes G.
    CFO & VP of Finance
  • Irina Axenova
    Head of Investor Relations
  • Mr. Gonzalo Aguirre T.
    VP of Legal & General Counsel
  • Ms. Ana Maria Munoz
    Risk, Compliance & Internal Audit Manager
  • Mr. Carlos Diaz Ortiz
    Executive Vice President of Lithium
  • Mr. Pablo C. Altimiras
    Executive Vice President of Nitrates Iodine
  • Mr. Jose Miguel Berguno C.
    Senior Vice President of Corporate Services
  • Felipe Smith
    Commercial Manager of Iodine Lithium & Industrial Chemicals














SQM Stock Analysis - 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 target for 2024?

8 brokerages have issued twelve-month price objectives for Sociedad Química y Minera de Chile's stock. Their SQM share price targets range from $52.00 to $90.50. On average, they anticipate the company's stock price to reach $69.11 in the next year. This suggests a possible upside of 39.0% 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 2024?

Sociedad Química y Minera de Chile's stock was trading at $60.22 at the start of the year. Since then, SQM shares have decreased by 17.4% and is now trading at $49.72.
View the best growth stocks for 2024 here
.

Are investors shorting Sociedad Química y Minera de Chile?

Sociedad Química y Minera de Chile saw a decline in short interest during the month of January. As of January 31st, there was short interest totaling 5,340,000 shares, a decline of 7.9% from the January 15th total of 5,800,000 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is presently 3.0 days.
View Sociedad Química y Minera de Chile's Short Interest
.

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

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) released its earnings results on Wednesday, November, 15th. The basic materials company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $2.52 by $0.84. The basic materials company earned $1.84 billion during the quarter, compared to analyst estimates of $1.96 billion. Sociedad Química y Minera de Chile had a trailing twelve-month return on equity of 57.40% and a net margin of 31.87%. During the same quarter in the prior year, the business earned $3.85 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, November 1st. Stockholders of record on Friday, January 1st will be given a dividend of $0.6094 per share on Thursday, November 2nd. This represents a $2.44 annualized dividend and a yield of 4.90%. The ex-dividend date is Thursday, November 2nd. This is a positive change from the stock's previous quarterly dividend of $0.51.
Read our dividend analysis for SQM
.

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

Sociedad Química y Minera de Chile (NYSE:SQM) pays an annual dividend of $1.29 per share and currently has a dividend yield of 2.83%. The dividend payout ratio is 12.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SQM will have a dividend payout ratio of 27.74% 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).

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

Sociedad Química y Minera de Chile's stock is owned by many different retail and institutional investors. Top institutional shareholders include abrdn plc (0.88%), Mirae Asset Global Investments Co. Ltd. (0.70%), Robeco Schweiz AG (0.40%), Allspring Global Investments Holdings LLC (0.35%), Price T Rowe Associates Inc. MD (0.32%) and Price T Rowe Associates Inc. MD (0.32%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SQM) was last updated on 3/1/2024 by MarketBeat.com Staff