Sociedad Quimica y Minera de Chile (SQM) Hits New 12-Month Low at $30.09

Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $30.09 and last traded at $31.14, with a volume of 8671 shares traded. The stock had previously closed at $32.69.

SQM has been the topic of a number of analyst reports. Vertical Group initiated coverage on shares of Sociedad Quimica y Minera de Chile in a research report on Monday, April 22nd. They set a “sell” rating and a $23.00 target price on the stock. JPMorgan Chase & Co. downgraded shares of Sociedad Quimica y Minera de Chile from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $51.00 to $43.00 in a research note on Friday, March 1st. Santander downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Bank of America downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating in a research note on Thursday, March 7th. Finally, Deutsche Bank downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Sociedad Quimica y Minera de Chile currently has an average rating of “Hold” and a consensus target price of $42.63.

The company has a current ratio of 4.32, a quick ratio of 2.67 and a debt-to-equity ratio of 0.62. The company has a market cap of $8.10 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.42 and a beta of 1.02.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its earnings results on Thursday, February 28th. The basic materials company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). Sociedad Quimica y Minera de Chile had a net margin of 19.41% and a return on equity of 20.29%. The business had revenue of $565.20 million during the quarter, compared to analysts’ expectations of $560.66 million. Analysts anticipate that Sociedad Quimica y Minera de Chile will post 1.54 earnings per share for the current year.

The firm also recently announced a dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, May 3rd were paid a $0.268 dividend. The ex-dividend date was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s dividend payout ratio is presently 64.07%.

Several hedge funds have recently modified their holdings of SQM. Two Sigma Advisers LP increased its stake in Sociedad Quimica y Minera de Chile by 0.8% during the 4th quarter. Two Sigma Advisers LP now owns 443,274 shares of the basic materials company’s stock worth $16,977,000 after buying an additional 3,700 shares during the period. Scotia Capital Inc. boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 31.4% in the 4th quarter. Scotia Capital Inc. now owns 25,319 shares of the basic materials company’s stock valued at $970,000 after buying an additional 6,048 shares during the period. Deltec Asset Management LLC boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 43.5% in the 1st quarter. Deltec Asset Management LLC now owns 16,500 shares of the basic materials company’s stock valued at $634,000 after buying an additional 5,000 shares during the period. FMR LLC boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 106.9% in the 4th quarter. FMR LLC now owns 2,126,310 shares of the basic materials company’s stock valued at $81,438,000 after buying an additional 1,098,410 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 8.0% in the 4th quarter. Advisors Asset Management Inc. now owns 45,988 shares of the basic materials company’s stock valued at $1,761,000 after buying an additional 3,405 shares during the period. 10.03% of the stock is currently owned by institutional investors and hedge funds.

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About Sociedad Quimica y Minera de Chile (NYSE:SQM)

Sociedad Química 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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