Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) have been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $36.57.

A number of brokerages recently weighed in on SQM. Bank of America cut shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating in a report on Thursday, March 7th. ValuEngine cut shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “sell” rating in a report on Saturday, May 18th. Deutsche Bank set a $32.00 price objective on shares of Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. cut shares of Sociedad Quimica y Minera de Chile from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $51.00 to $43.00 in a report on Friday, March 1st. Finally, Santander cut shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

A number of institutional investors have recently modified their holdings of SQM. Oppenheimer Asset Management Inc. purchased a new position in Sociedad Quimica y Minera de Chile in the fourth quarter worth approximately $150,000. Advisors Asset Management Inc. lifted its stake in Sociedad Quimica y Minera de Chile by 8.0% in the fourth quarter. Advisors Asset Management Inc. now owns 45,988 shares of the basic materials company’s stock worth $1,761,000 after acquiring an additional 3,405 shares during the last quarter. TD Asset Management Inc. lifted its stake in Sociedad Quimica y Minera de Chile by 181.3% in the fourth quarter. TD Asset Management Inc. now owns 93,402 shares of the basic materials company’s stock worth $3,577,000 after acquiring an additional 60,202 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in Sociedad Quimica y Minera de Chile in the fourth quarter worth approximately $112,000. Finally, Daiwa Securities Group Inc. purchased a new position in Sociedad Quimica y Minera de Chile in the fourth quarter worth approximately $38,000. Institutional investors own 10.52% of the company’s stock.

Shares of SQM opened at $31.22 on Monday. Sociedad Quimica y Minera de Chile has a 1-year low of $28.30 and a 1-year high of $50.21. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a quick ratio of 2.67, a current ratio of 4.32 and a debt-to-equity ratio of 0.62.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Wednesday, May 22nd. The basic materials company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $504.20 million during the quarter, compared to analyst estimates of $487.04 million. Sociedad Quimica y Minera de Chile had a net margin of 18.06% and a return on equity of 19.01%. As a group, equities research analysts predict that Sociedad Quimica y Minera de Chile will post 1.43 earnings per share for the current fiscal year.

The company also recently declared a semiannual dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be paid a $0.1989 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a yield of 3.3%. Sociedad Quimica y Minera de Chile’s dividend payout ratio is currently 47.90%.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad QuĂ­mica y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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Analyst Recommendations for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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