BNP Paribas Financial Markets Acquires 20,616 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

BNP Paribas Financial Markets increased its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 15.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 152,048 shares of the basic materials company’s stock after acquiring an additional 20,616 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of Sociedad Química y Minera de Chile worth $6,337,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SQM. Richard P Slaughter Associates Inc grew its position in Sociedad Química y Minera de Chile by 9.5% during the second quarter. Richard P Slaughter Associates Inc now owns 30,092 shares of the basic materials company’s stock worth $1,226,000 after buying an additional 2,623 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Sociedad Química y Minera de Chile by 242.5% in the second quarter. SG Americas Securities LLC now owns 37,977 shares of the basic materials company’s stock worth $1,548,000 after purchasing an additional 26,889 shares during the period. Unison Advisors LLC bought a new stake in Sociedad Química y Minera de Chile during the second quarter worth about $2,547,000. Wealth Enhancement Advisory Services LLC grew its stake in Sociedad Química y Minera de Chile by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,037 shares of the basic materials company’s stock worth $531,000 after buying an additional 401 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Sociedad Química y Minera de Chile by 396.2% in the 2nd quarter. Blue Trust Inc. now owns 913 shares of the basic materials company’s stock valued at $37,000 after buying an additional 729 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

SQM has been the topic of a number of recent analyst reports. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Bank of America dropped their price objective on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating for the company in a research report on Wednesday, August 21st. Jefferies Financial Group decreased their target price on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $45.56.

Sociedad Química y Minera de Chile Stock Performance

Shares of SQM opened at $39.84 on Tuesday. The stock has a 50 day moving average of $39.68 and a 200 day moving average of $40.25. The company has a market capitalization of $11.38 billion, a price-to-earnings ratio of -34.41 and a beta of 1.03. Sociedad Química y Minera de Chile S.A. has a 12 month low of $32.24 and a 12 month high of $64.62. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.