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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
15 A.I. Trading Opportunities a Day (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
15 A.I. Trading Opportunities a Day (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
15 A.I. Trading Opportunities a Day (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
15 A.I. Trading Opportunities a Day (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
15 A.I. Trading Opportunities a Day (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
15 A.I. Trading Opportunities a Day (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
15 A.I. Trading Opportunities a Day (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
NYSE:SQM

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

$68.31
+2.14 (+3.23%)
(As of 06/2/2023 ET)
Compare
Today's Range
$67.53
▼
$69.08
50-Day Range
$63.44
▼
$83.35
52-Week Range
$60.21
▼
$115.72
Volume
1.11 million shs
Average Volume
1.65 million shs
Market Capitalization
$19.51 billion
P/E Ratio
5.05
Dividend Yield
11.97%
Price Target
$88.25
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Sociedad Química y Minera de Chile MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
29.2% Upside
$88.25 Price Target
Short Interest
Healthy
1.42% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.87mentions 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
-19.68%
From $12.45 to $10.00 Per Share

Overall MarketRank™

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

2.79 out of 5 stars

Basic Materials Sector

28th out of 163 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

2nd out of 19 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. 

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SQM Stock News Headlines

May 30, 2023 | americanbankingnews.com
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Given Average Rating of "Hold" by Analysts
May 27, 2023 | americanbankingnews.com
Research Analysts Set Expectations for Sociedad Química y Minera de Chile S.A.'s Q2 2023 Earnings (NYSE:SQM)
June 4, 2023 | Behind the Markets (Ad)
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May 26, 2023 | americanbankingnews.com
BMO Capital Markets Cuts Sociedad Química y Minera de Chile (NYSE:SQM) Price Target to $105.00
May 25, 2023 | finance.yahoo.com
15 Largest Potash Producing Countries in the World
May 24, 2023 | seekingalpha.com
SQM Vs. Albemarle: Which Is The Better Buy?
May 24, 2023 | markets.businessinsider.com
Sociedad Quimica Y Minera SA (SQM) Gets a Buy from BMO Capital
May 24, 2023 | americanbankingnews.com
Sociedad Química y Minera de Chile (NYSE:SQM) versus Atlas Energy Solutions (NYSE:AESI) Head-To-Head Survey
June 4, 2023 | Behind the Markets (Ad)
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May 22, 2023 | nasdaq.com
SQM Announces Long-Term Lithium Supply Agreement With Ford
May 22, 2023 | marketwatch.com
Sociedad Química y Minera de Chile to Supply Ford with Lithium
May 22, 2023 | msn.com
SQM, Albemarle to supply Ford with lithium products for EVs
May 22, 2023 | finance.yahoo.com
SQM Announces Long-Term Lithium Supply Agreement with Ford Motor Company
May 22, 2023 | americanbankingnews.com
The Goldman Sachs Group Begins Coverage on Sociedad Química y Minera de Chile (NYSE:SQM)
May 22, 2023 | finance.yahoo.com
Lithium Stocks: Albemarle vs. SQM -- Whose Lithium Business Did Best in Q1?
May 19, 2023 | msn.com
SQM started with Sell at Goldman as fully exposed to lithium price weakness
May 19, 2023 | seekingalpha.com
SQM Stock: Still At Bargain Levels
May 19, 2023 | finance.yahoo.com
SQM Stock Holds Steady Despite Lithium Sales Volume Drop in Q1
May 19, 2023 | finance.yahoo.com
Sociedad Química y Minera de Chile's (NYSE:SQM) investors will be pleased with their stellar 255% return over the last three years
May 19, 2023 | markets.businessinsider.com
Sociedad Quimica Y Minera SA (SQM) Gets a Sell from Goldman Sachs
May 18, 2023 | markets.businessinsider.com
Sociedad Quimica y Minera de Chile ADRs
May 18, 2023 | finance.yahoo.com
Sociedad Química y Minera de Chile S.A.: SQM Earnings: Lithium Demand Slowdown Will Prove Temporary, Keeping Market Undersupplied
May 18, 2023 | msn.com
SQM's Q1 profit drops as high stockpiles across battery supply chain hit demand
May 18, 2023 | finance.yahoo.com
Sociedad Quimica (SQM) Q1 Earnings and Sales Miss Estimates
May 18, 2023 | es-us.finanzas.yahoo.com
Gigante chilena del litio SQM registra caída de ganancias pese a alza de precios
May 18, 2023 | seekingalpha.com
Sociedad Quimica y Minera de Chile misses Q1 estimates
May 18, 2023 | finance.yahoo.com
SQM REPORTS EARNINGS FOR THE THREE MONTHS ENDED MARCH 31, 2023
See More Headlines

SQM Price History

SQM Company Calendar

Last Earnings
11/17/2021
Ex-Dividend for 5/11 Dividend
5/11/2023
Dividend Payable
5/11/2023
Today
6/03/2023
Next Earnings (Estimated)
8/16/2023
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
$88.25
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+29.2%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$13.52
Trailing P/E Ratio
5.05
Forward P/E Ratio
5.49
P/E Growth
0.36
Net Income
$3.91 billion
Net Margins
35.24%
Pretax Margin
49.37%
Return on Equity
82.96%
Return on Assets
37.19%

Debt

Debt-to-Equity Ratio
0.44
Current Ratio
2.48
Quick Ratio
1.81

Sales & Book Value

Annual Sales
$10.71 billion
Price / Sales
1.82
Cash Flow
$14.11 per share
Price / Cash Flow
4.84
Book Value
$19.13 per share
Price / Book
3.57

Miscellaneous

Outstanding Shares
285,640,000
Free Float
N/A
Market Cap
$19.51 billion
Optionable
Optionable
Beta
0.95

Social Links


Key Executives

  • Ricardo Ramos Rodríguez
    Chief Executive Officer
  • Gerardo Andrés Illanes González
    Chief Financial Officer
  • José Francisco Sánchez Figueroa
    Risk Management & Compliance Officer
  • Jose Miguel Berguño C.
    Senior Vice President-Corporate Services
  • Rodrigo Vera
    Vice President-Mining Operations

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?

7 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 3 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?

7 brokerages have issued 12 month price objectives for Sociedad Química y Minera de Chile's shares. Their SQM share price forecasts range from $60.00 to $105.00. On average, they expect the company's share price to reach $88.25 in the next year. This suggests a possible upside of 29.2% 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 stock has decreased by 14.4% and is now trading at $68.31.
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, August 16th 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) announced its earnings results on Wednesday, November, 17th. The basic materials company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.50 by $0.13. The basic materials company had revenue of $661.60 million for the quarter, compared to analyst estimates of $672.17 million. Sociedad Química y Minera de Chile had a trailing twelve-month return on equity of 82.96% and a net margin of 35.24%. During the same quarter in the previous year, the business earned $0.28 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 announced a quarterly dividend on Wednesday, May 10th. Shareholders of record on Friday, May 12th will be paid a dividend of $3.2237 per share on Thursday, May 11th. This represents a $12.89 dividend on an annualized basis and a yield of 18.88%. The ex-dividend date is Thursday, May 11th. This is a positive change from the stock's previous quarterly dividend of $1.20.
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), Alpha Architect Freedom 100 Emerging Market ETF (FRDM), Grizzle Growth ETF (GRZZ), Optica Rare Earths & Critical Materials ETF (CRIT), Amplify Natural Resources Dividend Income ETF (NDIV), Sprott Energy Transition Materials ETF (SETM), Global X Lithium & Battery Tech ETF (LIT) and ProShares S&P Global Core Battery Metals ETF (ION).

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

Sociedad Química y Minera de Chile (NYSE:SQM) pays an annual dividend of $8.18 per share and currently has a dividend yield of 12.36%. SQM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 60.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, SQM will have a dividend payout ratio of 81.80% in the coming year. This indicates that the company may not be able to sustain their current 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (0.98%), Mirae Asset Global Investments Co. Ltd. (0.67%), abrdn plc (0.66%), FMR LLC (0.63%), State Street Corp (0.53%) and Bank of America Corp DE (0.42%).

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 $68.31.

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

Sociedad Química y Minera de Chile (NYSE:SQM) has a market capitalization of $19.51 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 $13.52 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 6/4/2023 by MarketBeat.com Staff

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