Sociedad QuÃmica y Minera de Chile S.A. 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 worldwide. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers for crops, such as vegetables, fruits, and industrial crops. It also provides iodine and its derivatives for use in medical, pharmaceutical, agricultural, and industrial applications comprising x-ray contrast media, polarizing films for LCD and LED, antiseptics, biocides and disinfectants, pharmaceutical synthesis, electronics, pigments, and dye components. In addition, the company offers lithium carbonates for various applications that include electrochemical materials for batteries, frits for the ceramic and enamel industries, heat-resistant glass, air conditioning chemicals, continuous casting powder for steel extrusion, primary aluminum smelting process, pharmaceuticals, and lithium derivatives. Further, it supplies lithium hydroxide for the lubricating greases industry, as well as cathodes for batteries. Additionally, it offers potassium chloride and potassium sulfate for various crops, including corn, rice, sugar, soybean, and wheat; industrial chemicals, including sodium nitrate, potassium nitrate, potassium chloride, and solar salts; and other fertilizers and blends. The company was founded in 1968 and is headquartered in Santiago, Chile.
IPO Year: 1993
Exchange: NYSE
Website: sqm.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2024 | $55.00 → $44.00 | Overweight → Neutral | JP Morgan |
| 8/9/2024 | Neutral → Buy | Goldman | |
| 7/31/2024 | $35.00 | Hold | Berenberg |
| 4/8/2024 | $52.00 → $62.80 | Hold → Buy | Jefferies |
| 1/11/2024 | $58.00 → $52.00 | Buy → Hold | Deutsche Bank |
| 12/15/2023 | Sell → Neutral | Goldman | |
| 10/26/2023 | $84.00 | Sector Perform → Sector Outperform | Scotiabank |
| 10/18/2023 | $69.00 → $59.00 | Neutral → Underperform | BofA Securities |
| 9/13/2023 | $85.00 | Buy | Citigroup |
| 5/19/2023 | $60.00 | Sell | Goldman |
JP Morgan downgraded Sociedad Quimica y Minera from Overweight to Neutral and set a new price target of $44.00 from $55.00 previously
Goldman upgraded Sociedad Quimica y Minera from Neutral to Buy
Berenberg initiated coverage of Sociedad Quimica y Minera with a rating of Hold and set a new price target of $35.00
Jefferies upgraded Sociedad Quimica y Minera from Hold to Buy and set a new price target of $62.80 from $52.00 previously
Deutsche Bank downgraded Sociedad Quimica y Minera from Buy to Hold and set a new price target of $52.00 from $58.00 previously
Goldman upgraded Sociedad Quimica y Minera from Sell to Neutral
Scotiabank upgraded Sociedad Quimica y Minera from Sector Perform to Sector Outperform and set a new price target of $84.00
BofA Securities downgraded Sociedad Quimica y Minera from Neutral to Underperform and set a new price target of $59.00 from $69.00 previously
Citigroup initiated coverage of Sociedad Quimica y Minera with a rating of Buy and set a new price target of $85.00
Goldman initiated coverage of Sociedad Quimica y Minera with a rating of Sell and set a new price target of $60.00