Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM – Get Rating) have received an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $94.86.
A number of analysts have commented on SQM shares. StockNews.com raised Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating in a report on Tuesday, May 31st. Jefferies Financial Group boosted their price objective on Sociedad Química y Minera de Chile from $78.00 to $91.00 in a report on Thursday, June 16th. Morgan Stanley lowered Sociedad Química y Minera de Chile from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $58.00 to $70.00 in a report on Thursday, March 31st. BMO Capital Markets upped their target price on Sociedad Química y Minera de Chile from $100.00 to $125.00 in a report on Monday, May 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Sociedad Química y Minera de Chile from $122.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday.
Slaving away for 70 hrs a week as a lawyer in Chicago, I was miserable.
I ran into guys who worked the trading floor at the local exchange. I began trading the same way they did. I started out with $50K (much more than I needed, actually).
I grew my $50K into $5.3M
SQM stock opened at $86.49 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.86 and a current ratio of 2.37. The stock’s 50 day simple moving average is $90.82 and its 200 day simple moving average is $75.17. The company has a market cap of $22.76 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 0.44 and a beta of 0.83. Sociedad Química y Minera de Chile has a fifty-two week low of $45.77 and a fifty-two week high of $115.76.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Shareholders of record on Friday, June 3rd were given a dividend of $2.7872 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $11.15 annualized dividend and a dividend yield of 12.89%. This is an increase from Sociedad Química y Minera de Chile’s previous quarterly dividend of $0.06. Sociedad Química y Minera de Chile’s dividend payout ratio is currently 201.09%.
Several large investors have recently bought and sold shares of the business. Wetherby Asset Management Inc. lifted its position in shares of Sociedad Química y Minera de Chile by 1.8% during the first quarter. Wetherby Asset Management Inc. now owns 7,123 shares of the basic materials company’s stock worth $610,000 after acquiring an additional 124 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Sociedad Química y Minera de Chile by 1.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,000 shares of the basic materials company’s stock worth $857,000 after buying an additional 200 shares in the last quarter. Profund Advisors LLC raised its position in shares of Sociedad Química y Minera de Chile by 2.4% in the first quarter. Profund Advisors LLC now owns 9,958 shares of the basic materials company’s stock worth $852,000 after buying an additional 233 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Sociedad Química y Minera de Chile in the first quarter worth $26,000. Finally, American Century Companies Inc. increased its stake in Sociedad Química y Minera de Chile by 4.7% in the fourth quarter. American Century Companies Inc. now owns 7,204 shares of the basic materials company’s stock valued at $363,000 after acquiring an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 19.99% of the company’s stock.
About Sociedad Química y Minera de Chile (Get Rating)
Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.
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