Scotiabank Has Positive Opinion of SQM FY2026 Earnings

Sociedad Quimica y Minera S.A. (NYSE:SQM) – Equities researchers at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for Sociedad Quimica y Minera in a research report issued to clients and investors on Monday, November 2nd. Scotiabank analyst B. Isaacson now forecasts that the basic materials company will post earnings per share of $8.59 for the year, up from their previous forecast of $8.58. Scotiabank currently has a “Sector Outperform” rating and a $104.00 target price on the stock. The consensus estimate for Sociedad Quimica y Minera’s current full-year earnings is $7.45 per share.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Sociedad Quimica y Minera from $94.00 to $88.00 and set a “neutral” rating on the stock in a research note on Friday, September 18th. Weiss Ratings lowered shares of Sociedad Quimica y Minera from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, October 12th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Sociedad Quimica y Minera from $94.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Zacks Research downgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. Finally, Citigroup raised shares of Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $97.00 to $95.00 in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $82.00.

Sociedad Quimica y Minera Stock Up 7.1%

Shares of Sociedad Quimica y Minera stock opened at $57.54 on Thursday. Sociedad Quimica y Minera has a 1 year low of $46.15 and a 1 year high of $98.00. The company has a market cap of $16.44 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.18 and a beta of 1.10. The company has a current ratio of 2.61, a quick ratio of 1.96 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $66.42 and a 200 day moving average price of $75.13.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings results on Friday, August 14th. The basic materials company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.28. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.24 billion. Sociedad Quimica y Minera had a return on equity of 18.20% and a net margin of 20.62%. Sociedad Quimica y Minera’s quarterly revenue was up 136.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share.

Sociedad Quimica y Minera Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, September 21st. Shareholders of record on Tuesday, September 8th were given a $1.4350 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. Sociedad Quimica y Minera’s dividend payout ratio is presently 34.85%.

Institutional Investors Weigh In On Sociedad Quimica y Minera

A number of hedge funds and other institutional investors have recently made changes to their positions in SQM. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Sociedad Quimica y Minera by 35.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,337,746 shares of the basic materials company’s stock valued at $86,780,000 after buying an additional 350,573 shares during the last quarter. Amundi grew its stake in shares of Sociedad Quimica y Minera by 15.0% in the 1st quarter. Amundi now owns 640,499 shares of the basic materials company’s stock valued at $51,842,000 after buying an additional 83,738 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in Sociedad Quimica y Minera in the first quarter worth approximately $50,183,000. Renaissance Technologies LLC increased its holdings in Sociedad Quimica y Minera by 602.0% in the first quarter. Renaissance Technologies LLC now owns 502,484 shares of the basic materials company’s stock worth $40,671,000 after buying an additional 430,900 shares during the last quarter. Finally, Alps Advisors Inc. increased its holdings in Sociedad Quimica y Minera by 0.5% in the third quarter. Alps Advisors Inc. now owns 347,836 shares of the basic materials company’s stock worth $22,564,000 after buying an additional 1,763 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA (NYSE: SQM), commonly known as SQM, is a Chilean chemical and mining company headquartered in Santiago. Founded in 1968, the company develops and produces specialty chemicals and plant nutrients from mineral resources in northern Chile.

SQM is one of the world’s major producers of lithium compounds, including lithium carbonate and lithium hydroxide, which are used in rechargeable batteries and other industrial applications. The company also produces iodine and iodine derivatives, potassium chloride, potassium sulfate, industrial chemicals, and specialty plant nutrition products.