Sociedad Quimica y Minera S.A. $SQM Holdings Increased by Kopernik Global Investors LLC

Kopernik Global Investors LLC lifted its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 20.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,842,113 shares of the basic materials company’s stock after purchasing an additional 318,445 shares during the period. Sociedad Quimica y Minera comprises 7.1% of Kopernik Global Investors LLC’s portfolio, making the stock its 7th largest position. Kopernik Global Investors LLC’s holdings in Sociedad Quimica y Minera were worth $64,971,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of Sociedad Quimica y Minera by 51.2% during the first quarter. Cetera Investment Advisers now owns 17,341 shares of the basic materials company’s stock worth $689,000 after buying an additional 5,873 shares in the last quarter. US Bancorp DE boosted its stake in Sociedad Quimica y Minera by 6.0% during the 1st quarter. US Bancorp DE now owns 9,315 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 526 shares during the last quarter. Vanguard Group Inc. grew its holdings in Sociedad Quimica y Minera by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 573,467 shares of the basic materials company’s stock worth $22,784,000 after acquiring an additional 7,302 shares in the last quarter. Deutsche Bank AG increased its position in shares of Sociedad Quimica y Minera by 84.5% in the 1st quarter. Deutsche Bank AG now owns 81,422 shares of the basic materials company’s stock worth $3,235,000 after purchasing an additional 37,300 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Sociedad Quimica y Minera by 55.9% in the 1st quarter. National Bank of Canada FI now owns 2,915 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 1,045 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Quimica y Minera Stock Up 1.7%

SQM stock opened at $64.00 on Thursday. The stock has a market cap of $18.28 billion, a PE ratio of 34.97 and a beta of 0.99. The firm’s 50-day simple moving average is $51.84 and its 200 day simple moving average is $43.64. Sociedad Quimica y Minera S.A. has a fifty-two week low of $29.36 and a fifty-two week high of $65.65. The company has a quick ratio of 1.88, a current ratio of 2.82 and a debt-to-equity ratio of 0.68.

Sociedad Quimica y Minera (NYSE:SQM) last released its quarterly earnings results 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). Sociedad Quimica y Minera had a net margin of 12.12% and a return on equity of 9.79%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.46 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts predict that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SQM. Zacks Research upgraded Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. BMO Capital Markets upped their price target on Sociedad Quimica y Minera from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Rothschild Redb upgraded Sociedad Quimica y Minera to a “hold” rating in a research note on Friday, October 24th. Bank of America boosted their target price on shares of Sociedad Quimica y Minera from $36.50 to $43.50 and gave the company an “underperform” rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Monday. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.81.

Sociedad Quimica y Minera 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.