Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) have received an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $45.56.

SQM has been the topic of a number of research analyst reports. Scotiabank lowered their target price on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Sociedad Química y Minera de Chile by 11.6% in the 2nd quarter. AQR Capital Management LLC now owns 5,249 shares of the basic materials company’s stock valued at $214,000 after buying an additional 544 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Sociedad Química y Minera de Chile by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 11,020 shares of the basic materials company’s stock valued at $449,000 after acquiring an additional 591 shares during the period. Creative Planning raised its position in Sociedad Química y Minera de Chile by 60.4% in the second quarter. Creative Planning now owns 11,307 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 4,256 shares in the last quarter. Blue Trust Inc. lifted its stake in Sociedad Química y Minera de Chile by 216.6% during the third quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 1,978 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Sociedad Química y Minera de Chile by 2.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 887,342 shares of the basic materials company’s stock valued at $36,984,000 after purchasing an additional 24,999 shares in the last quarter. 12.41% of the stock is owned by institutional investors.

Sociedad Química y Minera de Chile Trading Down 0.4 %

Shares of NYSE:SQM opened at $37.46 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The stock’s 50-day moving average is $38.54 and its 200-day moving average is $38.50. The company has a market cap of $10.70 billion, a P/E ratio of -33.75, a P/E/G ratio of 5.18 and a beta of 1.04. Sociedad Química y Minera de Chile has a 52-week low of $32.24 and a 52-week high of $51.90.

About Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.