Scotiabank Has Positive Estimate for SQM FY2026 Earnings

Sociedad Quimica y Minera S.A. (NYSE:SQM) – Stock analysts at Scotiabank increased their FY2026 EPS estimates for Sociedad Quimica y Minera in a research report issued on Monday, August 24th. Scotiabank analyst B. Isaacson now anticipates that the basic materials company will post earnings of $8.58 per share for the year, up from their prior estimate of $8.21. Scotiabank currently has a “Sector Outperform” rating and a $104.00 price target on the stock. The consensus estimate for Sociedad Quimica y Minera’s current full-year earnings is $7.33 per share.

SQM has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Sociedad Quimica y Minera from $105.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. Wall Street Zen upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings raised Sociedad Quimica y Minera from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. The Goldman Sachs Group increased their price target on shares of Sociedad Quimica y Minera from $64.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. cut shares of Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $94.00 to $100.00 in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $76.27.

Sociedad Quimica y Minera Stock Up 0.5%

Shares of NYSE SQM opened at $82.40 on Tuesday. The business has a 50-day moving average of $72.97 and a two-hundred day moving average of $77.73. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 0.28 and a beta of 0.98. Sociedad Quimica y Minera has a 1 year low of $40.58 and a 1 year high of $98.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.76 and a quick ratio of 2.01.

Sociedad Quimica y Minera (NYSE:SQM) last posted its earnings results on Wednesday, August 19th. The basic materials company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.03 by $0.28. Sociedad Quimica y Minera had a return on equity of 19.08% and a net margin of 20.62%.The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. Sociedad Quimica y Minera’s revenue for the quarter was up 136.7% compared to the same quarter last year.

Hedge Funds Weigh In On Sociedad Quimica y Minera

Several hedge funds have recently made changes to their positions in SQM. Castle Hook Partners LP purchased a new stake in shares of Sociedad Quimica y Minera in the 4th quarter valued at about $69,257,000. Altshuler Shaham Ltd purchased a new position in Sociedad Quimica y Minera during the 1st quarter worth approximately $50,183,000. Bank of America Corp DE grew its stake in Sociedad Quimica y Minera by 87.4% during the 3rd quarter. Bank of America Corp DE now owns 1,239,588 shares of the basic materials company’s stock worth $53,278,000 after buying an additional 578,175 shares during the last quarter. Renaissance Technologies LLC increased its position in Sociedad Quimica y Minera by 602.0% during the first quarter. Renaissance Technologies LLC now owns 502,484 shares of the basic materials company’s stock worth $40,671,000 after buying an additional 430,900 shares during the period. Finally, Van ECK Associates Corp increased its position in Sociedad Quimica y Minera by 24.7% during the fourth quarter. Van ECK Associates Corp now owns 2,089,638 shares of the basic materials company’s stock worth $143,767,000 after buying an additional 413,246 shares during the period. Hedge funds and other institutional investors own 12.41% of the company’s stock.

About Sociedad Quimica y Minera

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.