Sociedad Química y Minera de Chile S.A. (SQM)

NYSE: SQM · IEX Real-Time Price · USD
48.13
-3.30 (-6.42%)
At close: Mar 4, 2024, 4:00 PM
48.12
-0.01 (-0.02%)
After-hours: Mar 4, 2024, 6:30 PM EST
-6.42%
Market Cap 13.71B
Revenue (ttm) 10.71B
Net Income (ttm) 3.91B
Shares Out 295.40M
EPS (ttm) 13.68
PE Ratio 6.81
Forward PE 13.50
Dividend $1.98 (4.12%)
Ex-Dividend Date Dec 6, 2023
Volume 1,879,187
Open 50.61
Previous Close 51.43
Day's Range 47.85 - 50.66
52-Week Range 38.50 - 89.59
Beta 1.09
Analysts Buy
Price Target 67.80 (+40.87%)
Earnings Date Feb 28, 2024

About SQM

Sociedad Química y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers. It also provides iodine and its derivatives for use in medical, pharmaceutical, agricultural, and industrial applications comprising x-ray contrast media, polariz... [Read more]

Sector Materials
IPO Date Sep 20, 1993
Employees 6,997
Stock Exchange NYSE
Ticker Symbol SQM
Full Company Profile

Financial Performance

In 2022, SQM's revenue was $10.71 billion, an increase of 274.19% compared to the previous year's $2.86 billion. Earnings were $3.91 billion, an increase of 567.23%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for SQM stock is "Buy." The 12-month stock price forecast is $67.8, which is an increase of 40.87% from the latest price.

Price Target
$67.8
(40.87% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Lithium miner SQM posts profit down 82% as lithium prices slide

Chile's SQM , the world's second-largest lithium producer, on Wednesday posted a fourth-quarter net profit down 82% from a year earlier, below forecasts as prices for the key battery metal continued t...

4 days ago - Reuters

SQM REPORTS EARNINGS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2023

SANTIAGO, Chile , Feb. 28, 2024 /PRNewswire/ --  Highlights SQM reported net income for the twelve months ended December 31, 2023 of US$2,012.7 million compared to US$3,906.3 million for the same peri...

4 days ago - PRNewsWire

SQM venture arm invests $9.4 mln in UK EV battery recycling firm Altilium

SQM Lithium Ventures has invested $9.4 million in British electric vehicle battery recycler Altilium to help the company scale up its operations, the two firms said on Wednesday.

12 days ago - Reuters

Slowing EV sales sent lithium prices down almost 40% last year. What's next.

Not long ago, lithium prices were skyrocketing on fears of a supply shortfall, as growth in the electric-vehicle market lifted demand for the metal used in lithium-ion rechargeable batteries.

Other symbols: ALBPLL
6 weeks ago - Market Watch

Chile's SQM Falls In Love With Australia's Wild West

Mines can't migrate but capital can and that appears to be what's happening at SQM, Chile's world-class producer of lithium for electric vehicles (EVs), but also a business with an increasing focus on...

7 weeks ago - Forbes

Chilean lithium giant SQM's net income down 56% in Q3 due to lower prices

(Kitco News) - SQM said its lithium carbonate capacity has reached 200,000 metric ton per year and it expects to complete the expansion to 210,000 metric tons in the beginning of 2024, earlier than an...

3 months ago - Kitco

SQM REPORTS EARNINGS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023

Highlights SQM reported net income for the nine months ended September 30, 2023 of US$1,809.5 million compared to US$2,755.3 million for the same period last year. Earnings per share totaled US$6.33 f...

3 months ago - PRNewsWire

Your best bets into China's race for EV takeover

The world of electric vehicle stocks can be reasonably compared to those markets experienced during the meme mania of 2020-2021. Back then, the Federal Reserve was printing money like there was no tom...

Other symbols: BYDDFMCHINIOXPEV
3 months ago - MarketBeat

Catch the dip on Sociedad Quimica before earnings?

There is a power shift in the mining sector, and tons of variables are up in the air for grabs between the world's two economic powerhouses, the United States and China. When mining lithium and other ...

4 months ago - MarketBeat

5 Best Lithium Stocks to Buy Now

Lithium prices have pulled back, but rising demand for electric vehicle batteries could create tailwinds. These top-rated lithium stocks can help investors capitalize on the growth.

Other symbols: ALBLACSGML
4 months ago - Kiplinger

SQM acquires Azure Minerals for about $1.03 billion

(Kitco News) - Azure Managing Director Tony Rovira said the transaction de-risks the project.

4 months ago - Kitco

Sociedad Quimica y Minera de Chile Well Positioned Lithium Stock

For a minute, people rushed into lithium at a pace that made the chemical seem more critical than water. What is the reason?

5 months ago - MarketBeat

Chilean lithium giant SQM's net income down in Q2 due to lower lithium prices

(Kitco News) - SQM said its second quarter 2023 results were lower when compared to the same period last year primarily due to the lower realized average sales prices in the lithium business.

7 months ago - Kitco

SQM REPORTS EARNINGS FOR THE SIX MONTHS ENDED JUNE 30, 2023

Highlights SQM reported net income for the six months ended June 30, 2023 of US$1,330.1 million compared to US$1,655.4 million for the same period last year. Earnings per share totaled US$4.66 for the...

7 months ago - PRNewsWire

SQM Announces Long-Term Lithium Supply Agreement with Ford Motor Company

SANTIAGO, Chile , May 22, 2023 /PRNewswire/ -- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) and Ford Motor Company have announced a long-term strate...

Other symbols: F
10 months ago - PRNewsWire

Chilean lithium giant SQM reports net income of $750M in Q1, expects demand to grow 20% in 2023

(Kitco News) - Chilean lithium giant Sociedad Quimica y Minera de Chile (NYSE: SQM) yesterday reported net income of US$749.9 million in Q1 2023, a decline of 6% compared to a net income of US$796.1 m...

10 months ago - Kitco

SQM REPORTS EARNINGS FOR THE THREE MONTHS ENDED MARCH 31, 2023

Highlights   ·  SQM reported net income(1) for the three months ended March 31, 2023 of US$749.9 million compared to US$796.1 million for the same period the year before. Earnings per share totaled US...

10 months ago - PRNewsWire

Lithium stocks rebound strongly as fears around Chile's nationalization strategy recede

Last week, President Gabriel Boric of Chile announced the launch of the country's new national lithium strategy to usher in the age of electrification and decarbonization, ensure environmental sustain...

Other symbols: ALB
11 months ago - Invezz

Nationalisation plan hammers lithium miners

(Kitco News) - The lithium space has been rocked by falling lithium prices, which Benchmark Metals says is down by half since the start of the year.

Other symbols: ALB
11 months ago - Kitco

Chile Plans to Nationalize Lithium Production; Miners' Shares Tank

Producers' shares decline; price impact on recently volatile commodity less clear

Other symbols: ALB
11 months ago - Investopedia

Lithium Miners Slump as Chile Unveils State-Led Policy

President Gabriel Boric's plan to create a state-owned lithium company comes as Chile faces pressure for more public spending.

Other symbols: ALB
11 months ago - WSJ

Lithium Stocks Are Getting Crushed Again. Here's Why.

Chile plans to nationalize its lithium industry over time. That's a big deal because the country accounts for roughly 30% of the world's supply of lithium raw materials.

Other symbols: ALB
11 months ago - Barrons

Chilean lithium giant SQM boosts net income 567% to $3.9B in 2022 on record lithium sales and prices

(Kitco News) - SQM reported net income for the twelve months ended December 31, 2022 of US$3,906.3 million, an increase of 567% compared to US$585.5 million for the same period the year before.

1 year ago - Kitco

SQM REPORTS EARNINGS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2022

Highlights SQM reported net income(1) for the twelve months ended December 31, 2022 of US$3,906.3 million compared to US$585.5 million for the same period the year before. Earnings per share totaled U...

1 year ago - PRNewsWire

3 Lithium Stocks Powering Up For Big 2023 Gains

Despite a decrease in lithium demand from China as EV sales slow, big producers such as Albemarle Corporation (NYSE: ALB) believe business will remain robust.

Other symbols: ALBPLLSGMLTSLA
1 year ago - MarketBeat