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

$38.32

+0.87 (+2.32%)

(As of 07/26/2024 ET)

Sociedad Química y Minera de Chile - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 9 Analyst Ratings

Based on 9 Wall Street analysts who have issued ratings for Sociedad Química y Minera de Chile in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 3 have given a hold rating, and 5 have given a buy rating for SQM.

Consensus Price Target

$59.81
56.08% Upside

High Forecast	$85.00
Average Forecast	$59.81
Low Forecast	$36.00

According to the 9 analysts' twelve-month price targets for Sociedad Química y Minera de Chile, the average price target is $59.81. The highest price target for SQM is $85.00, while the lowest price target for SQM is $36.00. The average price target represents a forecasted upside of 56.08% from the current price of $38.32.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$59.81	$63.78	$65.18	$87.69
Forecasted Upside	56.08% Upside	24.71% Upside	24.77% Upside	12.86% Upside

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SQM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SQM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sociedad Química y Minera de Chile Stock vs. The Competition

Type	Sociedad Química y Minera de Chile	Basic Materials Companies	S&P 500
Consensus Rating Score	2.44	2.64	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	56.08% Upside	306.53% Upside	9.17% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/18/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Lower Target	Hold ➝ Hold	$45.00 ➝ $36.00	-10.29%
6/4/2024	Bank of America 4 of 5 stars		Lower Target	Underperform ➝ Underperform	$48.00 ➝ $47.00	+1.27%
5/24/2024	BMO Capital Markets 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$70.00 ➝ $65.00	+31.63%
4/23/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$54.50 ➝ $46.50	+3.73%
4/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$52.00 ➝ $62.80	+31.91%
3/4/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Isaacson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Outperform ➝ Sector Outperform	$80.00 ➝ $70.00	+45.86%
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2/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$64.00 ➝ $55.00	+36.31%
9/12/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$85.00	+46.17%
8/28/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$83.00 ➝ $71.00	+11.71%
7/6/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$134.00 ➝ $90.50	+18.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:37 PM ET.

SQM Forecast - Frequently Asked Questions

What is Sociedad Química y Minera de Chile's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Sociedad Química y Minera de Chile is $59.81, with a high forecast of $85.00 and a low forecast of $36.00.
Should I buy or sell Sociedad Química y Minera de Chile stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sociedad Química y Minera de Chile in the last year. There is currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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.
Does Sociedad Química y Minera de Chile's stock price have much upside?: According to analysts, Sociedad Química y Minera de Chile's stock has a predicted upside of 22.78% based on their 12-month stock forecasts.
What analysts cover Sociedad Química y Minera de Chile?: Sociedad Química y Minera de Chile has been rated by research analysts at Bank of America, BMO Capital Markets, and Deutsche Bank Aktiengesellschaft in the past 90 days.
Do Wall Street analysts like Sociedad Química y Minera de Chile more than its competitors?: Analysts like Sociedad Química y Minera de Chile less than other "basic materials" companies. The consensus rating for Sociedad Química y Minera de Chile is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how SQM compares to other companies.