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

$52.70
+0.70 (+1.35%)
(As of 10:51 AM ET)
Compare
Today's Range
$52.45
▼
$53.63
50-Day Range
$46.84
▼
$59.70
52-Week Range
$44.86
▼
$98.66
Volume
717,764 shs
Average Volume
1.62 million shs
Market Capitalization
$15.05 billion
P/E Ratio
5.08
Dividend Yield
2.47%
Price Target
$76.61
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media

Sociedad Química y Minera de Chile MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
47.2% Upside
$76.61 Price Target
Short Interest
Bearish
2.13% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.79mentions of Sociedad Química y Minera de Chile in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-13.42%
From $8.05 to $6.97 Per Share

Overall MarketRank™

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

2.47 out of 5 stars

Basic Materials Sector

49th out of 171 stocks

Specialty Chemicals Industry

2nd out of 7 stocks

See Top Rated MarketRank™ Stocks Here

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

November 15, 2023 | marketbeat.com
Your best bets into China's race for EV takeover (SQM)
In the Chinese race to take the EV crown, there is one name that stands out head and shoulders above any other competitor. Markets and analysts know and love it
December 5, 2023 | msn.com
Sociedad Quimica y Minera de Chile goes ex dividend tomorrow
December 8, 2023 | Edge On The Street (Ad)
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
November 30, 2023 | seekingalpha.com
SQM: A Very Cheap 10%-Yielder
November 27, 2023 | seekingalpha.com
SQM: Oversupply Is Good - EV Parity Nears
November 18, 2023 | seekingalpha.com
SQM: The Recovery Could Shock You
November 18, 2023 | seekingalpha.com
Sociedad Química y Minera de Chile: Bottom Setting In
November 17, 2023 | finance.yahoo.com
Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q3 2023 Earnings Call Transcript
December 8, 2023 | Edge On The Street (Ad)
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
November 17, 2023 | markets.businessinsider.com
Analyst Expectations for Sociedad Quimica Y Minera's Future
November 17, 2023 | finance.yahoo.com
Sociedad Quimica (SQM) Earnings and Sales Lag Estimates in Q3
November 17, 2023 | seekingalpha.com
SQM: We Are Not There Yet
November 17, 2023 | fool.com.au
Azure share price lifts amid Mineral Resources boss declaring SQM takeover is 'dead in the water'
November 17, 2023 | markets.businessinsider.com
Bank of America Recommends ‘Sell’ on Sociedad Quimica Y Minera SA Following Poor Q3 Results and Lithium Surplus
November 16, 2023 | finance.yahoo.com
Sociedad Química y Minera de Chile S.A.: SQM Earnings: Profits Plunge on Lower Lithium Prices
November 16, 2023 | seekingalpha.com
Sociedad Química y Minera de Chile S.A. 2023 Q3 - Results - Earnings Call Presentation
November 16, 2023 | msn.com
Sociedad Quimica y Minera de Chile misses Q3 top and bottom line estimates
November 15, 2023 | markets.businessinsider.com
SQM Q3 Profit Drops - Quick Facts
November 15, 2023 | finance.yahoo.com
SQM REPORTS EARNINGS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023
November 15, 2023 | msn.com
Sociedad Quimica y Minera de Chile Q3 2023 Earnings Preview
November 15, 2023 | finance.yahoo.com
Is Now An Opportune Moment To Examine Sociedad Química y Minera de Chile S.A. (NYSE:SQM)?
November 13, 2023 | finance.yahoo.com
The Lithium Market Is Expected to Boom in 2024: 3 Picks to Profit
November 10, 2023 | thestreet.com
Sociedad Quimica Y Minera de Chile S.A. Tradeable Rights (ADR - Mar 2021)
November 1, 2023 | finance.yahoo.com
Sociedad Quimica Y Minera De Chile SA's Dividend Analysis
November 1, 2023 | finance.yahoo.com
Bear of the Day: Sociedad Quimica y Minera de Chile (SQM)
November 1, 2023 | finance.yahoo.com
The Gap and Sociedad Quimica y Minera de Chile have been highlighted as Zacks Bull and Bear of the Day
October 27, 2023 | reuters.com
SQM deal values Australian lithium developer at $1 billion
See More Headlines
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Company Calendar

Ex-Dividend for 11/2 Dividend
11/02/2023
Dividend Payable
11/02/2023
Last Earnings
11/15/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/07/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Specialty Chemicals
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
7,591
Year Founded
1968

Price Target and Rating

Average Stock Price Target
$76.61
High Stock Price Target
$90.50
Low Stock Price Target
$59.00
Potential Upside/Downside
+47.2%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$10.37
Trailing P/E Ratio
5.02
Forward P/E Ratio
6.46
P/E Growth
N/A
Net Income
$3.91 billion
Net Margins
31.87%
Pretax Margin
44.55%
Return on Equity
57.40%
Return on Assets
27.21%

Debt

Debt-to-Equity Ratio
0.47
Current Ratio
2.28
Quick Ratio
1.60

Sales & Book Value

Annual Sales
$9.29 billion
Price / Sales
1.60
Cash Flow
$13.17 per share
Price / Cash Flow
3.95
Book Value
$17.27 per share
Price / Book
3.01

Miscellaneous

Outstanding Shares
285,638,000
Free Float
N/A
Market Cap
$14.86 billion
Optionable
Optionable
Beta
1.04

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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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions














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 year. There are currently 2 sell ratings, 1 hold rating and 5 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 equities research analysts have issued 1 year price targets for Sociedad Química y Minera de Chile's stock. Their SQM share price targets range from $59.00 to $90.50. On average, they predict the company's stock price to reach $76.61 in the next year. This suggests a possible upside of 47.2% 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 beginning of 2023. Since then, SQM shares have decreased by 34.8% and is now trading at $52.04.
View the best growth stocks for 2023 here.

Are investors shorting Sociedad Química y Minera de Chile?

Sociedad Química y Minera de Chile saw a increase in short interest in November. As of November 15th, there was short interest totaling 6,070,000 shares, an increase of 38.3% from the October 31st total of 4,390,000 shares. Based on an average daily volume of 1,530,000 shares, the days-to-cover ratio is currently 4.0 days.
View Sociedad Química y Minera de Chile's Short Interest.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
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 quarterly 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 the consensus estimate of $1.96 billion. Sociedad Química y Minera de Chile had a net margin of 31.87% and a trailing twelve-month return on equity of 57.40%. During the same quarter last year, the business earned $3.85 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, November 1st. Stockholders of record on Friday, January 1st will be paid a dividend of $0.6094 per share on Thursday, November 2nd. This represents a $2.44 annualized dividend and a dividend yield of 4.68%. 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 $1.30 per share and currently has a dividend yield of 2.94%. The dividend payout ratio is 12.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SQM will have a dividend payout ratio of 18.65% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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 institutional and retail investors. Top institutional investors include abrdn plc (0.93%), Lazard Asset Management LLC (0.80%), Mirae Asset Global Investments Co. Ltd. (0.64%), Grantham Mayo Van Otterloo & Co. LLC (0.61%), CI Investments Inc. (0.53%) and Robeco Schweiz AG (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.

This page (NYSE:SQM) was last updated on 12/8/2023 by MarketBeat.com Staff

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