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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Closing prices for crude oil, gold and other commodities
Stock market today: World shares are mixed after a tech-led retreat on Wall Street
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Closing prices for crude oil, gold and other commodities
Stock market today: World shares are mixed after a tech-led retreat on Wall Street
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Closing prices for crude oil, gold and other commodities
Stock market today: World shares are mixed after a tech-led retreat on Wall Street
Prologis Stock Leading U.S. Logistics Boom
NYSE:SQM

Sociedad Química y Minera de Chile (SQM) Stock Price, News & Analysis

$46.02
+0.49 (+1.08%)
(As of 04/17/2024 ET)
Today's Range
$45.82
$47.06
50-Day Range
$39.60
$51.58
52-Week Range
$38.50
$83.67
Volume
1.10 million shs
Average Volume
922,914 shs
Market Capitalization
$13.15 billion
P/E Ratio
6.53
Dividend Yield
2.80%
Price Target
$66.58

Sociedad Química y Minera de Chile MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
44.7% Upside
$66.58 Price Target
Short Interest
Healthy
1.39% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.45mentions of Sociedad Química y Minera de Chile in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
36.03%
From $4.08 to $5.55 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.44 out of 5 stars

Basic Materials Sector

12th out of 170 stocks

Mining & Quarrying Of Nonmetallic Minerals, Except Fuels Industry

1st out of 18 stocks

SQM stock logo

About Sociedad Química y Minera de Chile Stock (NYSE:SQM)

Sociedad Quimica y Minera de Chile, or SQM, is a Chilean-based company primarily producing and distributing fertilizers, lithium, and iodine. The company was founded in 1968 and is headquartered in Santiago, Chile. With operations in Chile, the United States, Argentina, and China, SQM is a global leader in producing and distributing specialty plant nutrition and potassium nitrate products and a key player in the lithium industry.

SQM's management team is led by Ricardo Ramos, who has been Chief Executive Officer since 2018. Ramos joined SQM in 2001 and has held various leadership positions. Before becoming CEO, Ramos served as SQM's Chief Financial Officer. In recent years, SQM has experienced strong financial performance. SQM has reported revenue and earnings increases yearly for the past several years. Earnings per share have also increased yearly.

Additionally, SQM has seen steady profit margins, with a gross profit margin of 35.4% in 2023 and a net profit margin of 18.5%. SQM has a moderate level of debt. In terms of ownership, SQM is primarily owned by various institutional investors, with the largest shareholders including Pampa Calichera and PotashCorp. SQM's valuation metrics compare favorably to industry peers. The company has a price-to-earnings and a price-to-book ratio lower than industry averages.

Regarding market performance, SQM has experienced some volatility in recent years. In Q1 of 2020, the stock saw its five-year low of around $15 per share. However, shortly after hitting that low, the stock started rising, and in Q2 of 2022, it hit an all-time high of around $115 a share. Trading volume has been equally volatile, with an average volume of approximately 1.8 million shares. 

SQM operates in a highly competitive industry, with key competitors including Albemarle Corporation and FMC Corporation. The global fertilizer market is projected to reach $199 billion by 2027, driven by increasing demand for food and agriculture products. Additionally, the lithium market is expected to grow significantly, driven by increasing demand for lithium-ion batteries in electric vehicles and other applications. SQM faces regulatory and political risks, particularly in relation to its lithium operations.

Looking ahead, SQM has identified several growth opportunities. The company plans to increase its specialty plant nutrition product production and expand its lithium market presence. Additionally, SQM has announced plans to invest in new technologies like blockchain to improve supply chain transparency and efficiency.

SQM has achieved a solid financial performance over the past few years, with revenue and earnings growth outpacing the industry average. However, the company's reliance on lithium has become a concern for investors due to potential market fluctuations. Lithium accounts for over half of the company's revenue, and changes in demand or pricing could significantly impact its financial performance. Moreover, the competitive landscape of the lithium industry is rapidly evolving, with new players entering the market and established competitors investing heavily in production capacity. Additionally, regulatory changes, such as new environmental regulations or tariffs, could impact the company's operations and profitability. Furthermore, changing consumer preferences, such as a shift towards electric vehicles, could alter the demand for lithium and other key products, adversely affecting SQM's growth prospects. 

SQM Stock Price History

SQM Stock News Headlines

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Company Calendar

Last Earnings
2/28/2024
Today
4/17/2024
Next Earnings (Estimated)
5/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Mining & quarrying of nonmetallic minerals, except fuels
Sub-Industry
N/A
Employees
6,479
Year Founded
1968

Price Target and Rating

Average Stock Price Target
$66.58
High Stock Price Target
$90.50
Low Stock Price Target
$48.00
Potential Upside/Downside
+44.7%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$2.01 billion
Pretax Margin
37.59%

Debt

Sales & Book Value

Annual Sales
$7.47 billion
Book Value
$19.49 per share

Miscellaneous

Free Float
N/A
Market Cap
$13.15 billion
Optionable
Optionable
Beta
1.07

Social Links

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Key Executives

  • Mr. Ricardo Ramos Rodríguez
    Chief Executive Officer
  • Mr. Gerardo Illanes G.
    CFO & VP of Finance
  • Irina Axenova
    Head of Investor Relations
  • Mr. Gonzalo Aguirre T.
    VP of Legal & General Counsel
  • Ms. Ana Maria Munoz
    Risk, Compliance & Internal Audit Manager
  • Mr. Carlos Diaz Ortiz
    Executive Vice President of Lithium
  • Mr. Pablo C. Altimiras
    Executive Vice President of Nitrates Iodine
  • Mr. Jose Miguel Berguno C.
    Senior Vice President of Corporate Services
  • Felipe Smith
    Commercial Manager of Iodine Lithium & Industrial Chemicals

SQM Stock Analysis - Frequently Asked Questions

Should I buy or sell Sociedad Química y Minera de Chile stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sociedad Química y Minera de Chile in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SQM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SQM, but not buy additional shares or sell existing shares.
View SQM analyst ratings
or view top-rated stocks.

What is Sociedad Química y Minera de Chile's stock price target for 2024?

9 brokerages have issued 1-year price objectives for Sociedad Química y Minera de Chile's shares. Their SQM share price targets range from $48.00 to $90.50. On average, they anticipate the company's share price to reach $66.58 in the next twelve months. This suggests a possible upside of 44.7% from the stock's current price.
View analysts price targets for SQM
or view top-rated stocks among Wall Street analysts.

How have SQM shares performed in 2024?

Sociedad Química y Minera de Chile's stock was trading at $60.22 at the beginning of the year. Since then, SQM stock has decreased by 23.6% and is now trading at $46.02.
View the best growth stocks for 2024 here
.

Are investors shorting Sociedad Química y Minera de Chile?

Sociedad Química y Minera de Chile saw a drop in short interest in March. As of March 15th, there was short interest totaling 4,040,000 shares, a drop of 17.2% from the February 29th total of 4,880,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the short-interest ratio is currently 2.6 days.
View Sociedad Química y Minera de Chile's Short Interest
.

When is Sociedad Química y Minera de Chile's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our SQM earnings forecast
.

How were Sociedad Química y Minera de Chile's earnings last quarter?

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) released its earnings results on Wednesday, February, 28th. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by $0.51. The basic materials company earned $1.31 billion during the quarter, compared to analyst estimates of $1.36 billion. Sociedad Química y Minera de Chile had a net margin of 26.95% and a trailing twelve-month return on equity of 37.86%. During the same quarter in the prior year, the company earned $4.03 EPS.

How often does Sociedad Química y Minera de Chile pay dividends? What is the dividend yield for Sociedad Química y Minera de Chile?

Sociedad Química y Minera de Chile declared a quarterly dividend on Wednesday, November 1st. Shareholders of record on Friday, January 1st will be paid a dividend of $0.6094 per share on Thursday, November 2nd. This represents a $2.44 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend is Thursday, November 2nd. This is an increase from the stock's previous quarterly dividend of $0.51.
Read our dividend analysis for SQM
.

Is Sociedad Química y Minera de Chile a good dividend stock?

Sociedad Química y Minera de Chile (NYSE:SQM) pays an annual dividend of $1.29 per share and currently has a dividend yield of 2.69%. The dividend payout ratio is 18.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SQM will have a dividend payout ratio of 23.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SQM.

What is Patricio Contesse González's approval rating as Sociedad Química y Minera de Chile's CEO?

7 employees have rated Sociedad Química y Minera de Chile Chief Executive Officer Patricio Contesse González on Glassdoor.com. Patricio Contesse González has an approval rating of 59% among the company's employees. This puts Patricio Contesse González in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Sociedad Química y Minera de Chile own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sociedad Química y Minera de Chile investors own include Albemarle (ALB), Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Energy Transfer (ET), Intel (INTC), Advanced Micro Devices (AMD), QUALCOMM (QCOM) and Tesla (TSLA).

Who are Sociedad Química y Minera de Chile's major shareholders?

Sociedad Química y Minera de Chile's stock is owned by many different institutional and retail investors. Top institutional investors include Richard P Slaughter Associates Inc (0.01%), Banque Cantonale Vaudoise (0.01%), Hennion & Walsh Asset Management Inc. (0.01%), Wealth Enhancement Advisory Services LLC (0.00%), Harbour Capital Advisors LLC (0.00%) and Ridgewood Investments LLC (0.00%).

How do I buy shares of Sociedad Química y Minera de Chile?

Shares of SQM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SQM) was last updated on 4/18/2024 by MarketBeat.com Staff

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