Sociedad Quimica y Minera (NYSE:SQM) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Sociedad Quimica y Minera S.A. (NYSE:SQM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $55.78 and traded as high as $71.13. Sociedad Quimica y Minera shares last traded at $70.34, with a volume of 1,280,863 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group set a $79.00 price objective on Sociedad Quimica y Minera in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their price target on shares of Sociedad Quimica y Minera from $79.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $63.00 target price (up previously from $45.00) on shares of Sociedad Quimica y Minera in a report on Thursday, December 4th. Scotiabank upped their price target on shares of Sociedad Quimica y Minera from $80.00 to $90.00 and gave the company a “sector outperform” rating in a research report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Sociedad Quimica y Minera from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.79.

Sociedad Quimica y Minera Trading Down 1.1%

The business has a fifty day moving average of $72.69 and a 200-day moving average of $55.78. The company has a current ratio of 2.82, a quick ratio of 1.88 and a debt-to-equity ratio of 0.68.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings data on Tuesday, November 18th. The basic materials company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Sociedad Quimica y Minera had a return on equity of 9.79% and a net margin of 12.12%.Sociedad Quimica y Minera’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. On average, analysts expect that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current fiscal year.

Sociedad Quimica y Minera Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were given a dividend of $0.1236 per share. The ex-dividend date was Tuesday, December 30th. Sociedad Quimica y Minera’s payout ratio is currently 6.56%.

Institutional Trading of Sociedad Quimica y Minera

Several large investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in Sociedad Quimica y Minera during the 2nd quarter valued at about $32,432,000. RWC Asset Management LLP increased its stake in shares of Sociedad Quimica y Minera by 369.9% during the third quarter. RWC Asset Management LLP now owns 1,113,807 shares of the basic materials company’s stock valued at $47,871,000 after purchasing an additional 876,754 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Sociedad Quimica y Minera by 81.9% during the third quarter. Earnest Partners LLC now owns 1,911,668 shares of the basic materials company’s stock valued at $82,163,000 after purchasing an additional 860,984 shares during the last quarter. RWC Asset Advisors US LLC boosted its position in shares of Sociedad Quimica y Minera by 112.4% in the 3rd quarter. RWC Asset Advisors US LLC now owns 1,232,662 shares of the basic materials company’s stock worth $52,980,000 after purchasing an additional 652,257 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Sociedad Quimica y Minera by 62.4% in the 3rd quarter. Van ECK Associates Corp now owns 1,676,392 shares of the basic materials company’s stock worth $72,051,000 after buying an additional 644,129 shares during the last quarter. 12.41% of the stock is owned by institutional investors.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.