Sociedad Quimica y Minera de Chile (NYSE:SQM) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 7,679,400 shares, a decline of 6.5% from the May 30th total of 8,216,400 shares. Based on an average daily volume of 740,300 shares, the days-to-cover ratio is presently 10.4 days. Currently, 6.4% of the company’s stock are sold short.
Several equities research analysts have issued reports on the company. Morgan Stanley upgraded to an “overweight” rating and set a GBX 400 ($5.23) price objective on the stock in a report on Friday. Deutsche Bank assumed coverage on So-Young International in a report on Tuesday, May 28th. They set a “buy” rating on the stock. Santander downgraded Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, TheStreet upgraded TerraForm Power from a “c” rating to a “b-” rating in a report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Sociedad Quimica y Minera de Chile currently has a consensus rating of “Hold” and an average target price of $38.00.
Shares of NYSE SQM traded up $0.59 during trading on Friday, reaching $30.14. The stock had a trading volume of 994,272 shares, compared to its average volume of 703,745. Sociedad Quimica y Minera de Chile has a one year low of $28.30 and a one year high of $49.21. The company has a current ratio of 3.92, a quick ratio of 2.42 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $7.93 billion, a PE ratio of 18.05, a PEG ratio of 1.31 and a beta of 1.09. The stock has a 50 day simple moving average of $30.78.
Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its quarterly earnings results on Wednesday, May 22nd. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). Sociedad Quimica y Minera de Chile had a return on equity of 19.01% and a net margin of 18.06%. The business had revenue of $504.20 million for the quarter, compared to analyst estimates of $487.04 million. On average, sell-side analysts expect that Sociedad Quimica y Minera de Chile will post 1.4 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were given a dividend of $0.1989 per share. The ex-dividend date was Thursday, June 6th. This represents a yield of 3.3%. Sociedad Quimica y Minera de Chile’s dividend payout ratio (DPR) is presently 59.28%.
Hedge funds have recently made changes to their positions in the business. Osborn Williams & Donohoe LLC bought a new stake in shares of Sociedad Quimica y Minera de Chile in the 1st quarter worth $45,000. Capital Investment Advisory Services LLC raised its stake in shares of Sociedad Quimica y Minera de Chile by 413.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 2,055 shares of the basic materials company’s stock worth $79,000 after buying an additional 1,655 shares in the last quarter. Toroso Investments LLC bought a new stake in shares of Sociedad Quimica y Minera de Chile in the 4th quarter worth $162,000. Financial Gravity Wealth Inc. bought a new stake in shares of Sociedad Quimica y Minera de Chile in the 1st quarter worth $196,000. Finally, Pinnacle Associates Ltd. bought a new stake in shares of Sociedad Quimica y Minera de Chile in the 1st quarter worth $210,000. Institutional investors own 10.52% of the company’s stock.
Sociedad Quimica y Minera de Chile Company Profile
Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.
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