Scotiabank Cuts Sociedad Quimica y Minera (NYSE:SQM) Price Target to $93.00

Sociedad Quimica y Minera (NYSE:SQM) had its price objective lowered by Scotiabank from $105.00 to $93.00 in a research report report published on Tuesday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the basic materials company’s stock. Scotiabank also issued estimates for Sociedad Quimica y Minera’s FY2026 earnings at $8.21 EPS.

Several other equities analysts have also recently issued reports on the stock. CLSA upgraded shares of Sociedad Quimica y Minera to an “outperform” rating in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Sociedad Quimica y Minera from $105.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, June 24th. The Goldman Sachs Group raised their target price on shares of Sociedad Quimica y Minera from $64.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen raised shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $73.58.

Sociedad Quimica y Minera Stock Up 1.5%

SQM stock opened at $68.55 on Tuesday. Sociedad Quimica y Minera has a 1-year low of $35.67 and a 1-year high of $98.00. The business has a fifty day moving average price of $75.23 and a 200-day moving average price of $78.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.76 and a quick ratio of 2.01. The stock has a market capitalization of $19.58 billion, a P/E ratio of 24.05, a P/E/G ratio of 0.18 and a beta of 0.97.

Sociedad Quimica y Minera (NYSE:SQM) last announced its quarterly earnings results on Saturday, May 16th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter. Sociedad Quimica y Minera had a return on equity of 11.99% and a net margin of 15.38%.The firm had revenue of $1.76 billion for the quarter. Equities analysts forecast that Sociedad Quimica y Minera will post 7.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sociedad Quimica y Minera

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Sociedad Quimica y Minera by 18.5% in the first quarter. Royal Bank of Canada now owns 198,789 shares of the basic materials company’s stock worth $7,898,000 after purchasing an additional 31,066 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Sociedad Quimica y Minera by 53.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 358,646 shares of the basic materials company’s stock valued at $14,249,000 after buying an additional 125,506 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Sociedad Quimica y Minera by 20.4% during the 2nd quarter. Cetera Investment Advisers now owns 20,886 shares of the basic materials company’s stock valued at $737,000 after buying an additional 3,545 shares in the last quarter. Invesco Ltd. boosted its holdings in Sociedad Quimica y Minera by 38.3% in the 2nd quarter. Invesco Ltd. now owns 159,027 shares of the basic materials company’s stock worth $5,609,000 after buying an additional 44,062 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Sociedad Quimica y Minera by 3.0% in the 2nd quarter. First Trust Advisors LP now owns 124,575 shares of the basic materials company’s stock worth $4,394,000 after buying an additional 3,634 shares during the period. Hedge funds and other institutional investors own 12.41% of the company’s stock.

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.