07 September, 2017
Basic Materials (:Sociedad Quimica y Minera de Chile S.A.) shares are holding above their moving averages, indicating a postitive uptrend for Chemicals - Major Diversified company. The firm owned 30,195 shares of the basic materials company's stock after purchasing an additional 10,570 shares during the period. Trading volume for Sociedad Quimica y Minera S.A. was 1,176K by the end of trading on Friday.
A number of other institutional investors have also added to or reduced their stakes in the business. Invictus RG raised its stake in Sociedad Quimica y Minera by 164.1% during the first quarter. The stock rose 1.60% or $0.77 reaching $48.79 per share. Tower Research Capital LLC TRC lifted its position in Sociedad Quimica y Minera by 2,557.6% in the first quarter. Nomura Asset Management Co. Goldman Sachs Group Inc. boosted its stake in Sociedad Quimica y Minera by 31.9% in the second quarter. The firm owned 110,729 shares of the basic materials company's stock after selling 8,394 shares during the period. As of the end of the quarter Sailingstone Capital Partners LLC had disposed of a total of 9,142,267 shares trimming its holdings by 77.4%. The Horseman Capital Management Ltd holds 87,300 shares with $2.50M value, down from 157,200 last quarter.
Shares of the company are trading at $48.04 much higher than the 50 day moving average of $42.12 and which is quite a bit higher than the 200 day moving average of $36.44. The 50 day moving average was up $5.92 or +14.05% and the 200 day average moved up $11.60. Sociedad Quimica y Minera S.A. The current price change puts the market capitalization at $11.99 bln. Santander upgraded Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) rating on Tuesday, December 8. The dividend payment will be $0.193 per share for the quarter which comes to $0.77 on an annualized basis. Sociedad Quimica y Minera had a return on equity of 14.81% and a net margin of 16.28%. The firm had revenue of $505.70 million for the quarter, compared to analyst estimates of $500.49 million. On average, equities analysts anticipate that Sociedad Quimica y Minera S.A. will post $1.57 earnings per share for the current fiscal year. The company announced a dividend for shareholders that will be paid on Monday the 25th of September 2017. The ex-dividend date is Thursday, September 7th. Sociedad Quimica y Minera's payout ratio is presently 89.92%. The rating was upgraded by HSBC on Wednesday, October 19 to "Buy".
Tide Point Capital Management Lp increased Sociedad Quimica Minera De C (Call) (SQM) stake by 221.47% reported in 2016Q4 SEC filing. The firm has "Hold" rating given on Thursday, July 6 by BMO Capital Markets. Finally, Deutsche Bank AG upped their price target on shares of Sociedad Quimica y Minera from $36.00 to $38.00 and gave the company a "hold" rating in a research report on Monday, May 22nd. The company has an average rating of "Buy" and a consensus target price of $41.18.
TRADEMARK VIOLATION WARNING: "Pinnacle Associates Ltd". Sociedad Quimica y Minera now has an average rating of "Buy" and an average price target of $41.18. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of worldwide copyright laws. The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) has "Sell" rating given on Wednesday, July 13 by Citigroup.
The company has its hands in many pies, including potassium products for fertilizers and plant nutrition, iodine products used in everything from LCD screens to sanitizers, and industrial chemicals that are used in glass, metal, water treatment and more.
