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

$37.67
-1.06 (-2.74%)
(As of 02:27 PM 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

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
58.78% 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 58.78% from the current price of $37.67.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
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 Upside58.78% Upside24.71% Upside24.77% Upside12.86% 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.
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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.
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Sociedad Química y Minera de Chile Stock vs. The Competition

TypeSociedad Química y Minera de ChileBasic Materials CompaniesS&P 500
Consensus Rating Score
2.44
2.64
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside54.31% Upside309.84% Upside9.25% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/18/2024Deutsche Bank Aktiengesellschaft
2 of 5 stars
 Lower TargetHold ➝ Hold$45.00 ➝ $36.00-10.29%
6/4/2024Bank of America
4 of 5 stars
 Lower TargetUnderperform ➝ Underperform$48.00 ➝ $47.00+1.27%
5/24/2024BMO Capital Markets
3 of 5 stars
 Lower TargetOutperform ➝ Outperform$70.00 ➝ $65.00+31.63%
4/23/2024The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$54.50 ➝ $46.50+3.73%
4/8/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$52.00 ➝ $62.80+31.91%
3/4/2024Scotiabank
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B. Isaacson
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Lower TargetSector Outperform ➝ Sector Outperform$80.00 ➝ $70.00+45.86%
2/6/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$64.00 ➝ $55.00+36.31%
9/12/2023Citigroup
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 Initiated CoverageBuy$85.00+46.17%
8/28/2023Loop Capital
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 Lower TargetHold ➝ Hold$83.00 ➝ $71.00+11.71%
7/6/2023HSBC
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 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 Wednesday at 02:49 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 twelve months. 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.


This page (NYSE:SQM) was last updated on 7/24/2024 by MarketBeat.com Staff

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