Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Given Average 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 research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $45.56.

Several analysts have weighed in on SQM shares. Deutsche Bank Aktiengesellschaft dropped 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 report on Thursday, November 21st. StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Scotiabank decreased their target price on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. lowered Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $44.00 in a research report on Friday, October 11th.

Sociedad Química y Minera de Chile Price Performance

Shares of NYSE:SQM opened at $40.18 on Friday. Sociedad Química y Minera de Chile has a 1-year low of $32.24 and a 1-year high of $51.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The business has a 50-day moving average price of $38.35 and a two-hundred day moving average price of $38.70.

Institutional Investors Weigh In On Sociedad Química y Minera de Chile

A number of institutional investors and hedge funds have recently made changes to their positions in SQM. Avior Wealth Management LLC raised its stake in Sociedad Química y Minera de Chile by 104.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 1,085 shares during the period. D.B. Root & Company LLC bought a new position in Sociedad Química y Minera de Chile during the 4th quarter worth $252,000. Ballentine Partners LLC increased its position in Sociedad Química y Minera de Chile by 33.6% during the 4th quarter. Ballentine Partners LLC now owns 6,903 shares of the basic materials company’s stock worth $251,000 after buying an additional 1,735 shares during the period. Richard P Slaughter Associates Inc increased its position in Sociedad Química y Minera de Chile by 3.4% during the 4th quarter. Richard P Slaughter Associates Inc now owns 32,950 shares of the basic materials company’s stock worth $1,198,000 after buying an additional 1,093 shares during the period. Finally, BCS Wealth Management bought a new position in Sociedad Química y Minera de Chile during the 4th quarter worth $222,000. Institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Company Profile

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.