NYSE:SQM

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

$59.55

+1.31 (+2.25%)

(As of 03:21 PM ET)

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Today's Range: $59.20
▼
$60.58
50-Day Range: $54.84
▼
$75.06
52-Week Range: $54.28
▼
$112.35

Volume: 970,139 shs
Average Volume: 1.62 million shs
Market Capitalization: $17.01 billion

P/E Ratio: 4.75
Dividend Yield: 3.38%
Price Target: $82.61

Sociedad Química y Minera de Chile MarketRank™ Forecast

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 38.4% Upside
$82.61 Price Target
Short Interest: Healthy
1.23% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.75
Based on 3 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.

3.12 out of 5 stars

Basic Materials Sector

8th out of 169 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

1st out of 18 stocks

4.2

Analyst's Opinion

Consensus Rating
Sociedad Química y Minera de Chile has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 4 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $82.61, Sociedad Química y Minera de Chile has a forecasted upside of 38.4% from its current price of $59.71.
Amount of Analyst Coverage
Sociedad Química y Minera de Chile has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.23% of the outstanding shares of Sociedad Química y Minera de Chile have been sold short.
Short Interest Ratio / Days to Cover
Sociedad Química y Minera de Chile has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sociedad Química y Minera de Chile has recently decreased by 0.28%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Sociedad Química y Minera de Chile is a leading dividend payer. It pays a dividend yield of 3.66%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Sociedad Química y Minera de Chile does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Sociedad Química y Minera de Chile is 16.03%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sociedad Química y Minera de Chile will have a dividend payout ratio of 19.36% next year. This indicates that Sociedad Química y Minera de Chile will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SQM.

3.2

News and Social Media Coverage

News Sentiment
Sociedad Química y Minera de Chile has a news sentiment score of 1.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.35 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Sociedad Química y Minera de Chile this week, compared to 6 articles on an average week.
Search Interest
Only 31 people have searched for SQM on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
MarketBeat Follows
31 people have added Sociedad Química y Minera de Chile to their MarketBeat watchlist in the last 30 days. This is an increase of 107% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sociedad Química y Minera de Chile insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 14.94% of the stock of Sociedad Química y Minera de Chile is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Sociedad Química y Minera de Chile are expected to decrease by -6.15% in the coming year, from $11.06 to $10.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sociedad Química y Minera de Chile is 4.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.74.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sociedad Química y Minera de Chile is 4.76, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 92.56.
Price to Earnings Growth Ratio
Sociedad Química y Minera de Chile has a PEG Ratio of 0.34. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Sociedad Química y Minera de Chile has a P/B Ratio of 3.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

SQM Stock News Headlines

September 28, 2023 | finance.yahoo.com

Unveiling Sociedad Quimica Y Minera De Chile SA (SQM)'s Value: Is It Really Priced Right? A ...

September 27, 2023 | finance.yahoo.com

A Look At The Fair Value Of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

September 29, 2023 | Chaikin Analytics (Ad)

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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 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 29, 2023 | Behind the Markets (Ad)

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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?

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)

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: 9/29/2023
Next Earnings (Estimated): 11/15/2023
Fiscal Year End: 12/31/2023

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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: +39.3%
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: 4.73
Forward P/E Ratio: 5.36
P/E Growth: 0.34
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: 1.58
Cash Flow: $14.79 per share
Price / Cash Flow: 4.01
Book Value: $17.27 per share
Price / Book: 3.43

Miscellaneous

Outstanding Shares: 285,640,000
Free Float: N/A
Market Cap: $16.94 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 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 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 Wall Street analysts have issued 12 month target prices for Sociedad Química y Minera de Chile's stock. Their SQM share price forecasts range from $60.00 to $100.00. On average, they expect the company's stock price to reach $82.61 in the next year. This suggests a possible upside of 39.3% 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 beginning of the year. Since then, SQM stock has decreased by 25.7% and is now trading at $59.32.
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 data on Wednesday, August, 16th. The basic materials company reported $2.03 earnings per share (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 analyst estimates of $2.24 billion. Sociedad Química y Minera de Chile had a net margin of 34.41% and a trailing twelve-month return on equity of 71.64%. During the same quarter in the previous year, the company earned $3.01 earnings per share.
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. Shareholders 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 annualized dividend and a yield of 3.45%. 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 3.66%. 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."
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 $59.32.
How much money does Sociedad Química y Minera de Chile make?: Sociedad Química y Minera de Chile (NYSE:SQM) has a market capitalization of $16.94 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 9/29/2023 by MarketBeat.com Staff

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