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

NYSE: SQM · IEX Real-Time Price · USD
49.16
+0.67 (1.38%)
At close: Mar 28, 2024, 4:00 PM
49.09
-0.07 (-0.14%)
After-hours: Mar 28, 2024, 7:26 PM EDT
1.38%
Market Cap 14.06B
Revenue (ttm) 10.71B
Net Income (ttm) 3.91B
Shares Out 272.42M
EPS (ttm) 13.68
PE Ratio 6.98
Forward PE 12.72
Dividend $1.98 (4.04%)
Ex-Dividend Date Dec 6, 2023
Volume 784,057
Open 49.10
Previous Close 48.49
Day's Range 48.22 - 49.66
52-Week Range 38.50 - 85.03
Beta 1.09
Analysts Buy
Price Target 67.80 (+37.92%)
Earnings Date May 15, 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 37.92% from the latest price.

Price Target
$67.8
(37.92% 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 weeks 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 weeks 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.

5 weeks 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
2 months 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...

2 months ago - Forbes

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...

4 months ago - PRNewsWire

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
5 months ago - Kiplinger

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...

8 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
11 months ago - PRNewsWire

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...

11 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
1 year ago - Invezz

Chile Plans to Nationalize Lithium Production; Miners' Shares Tank

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

Other symbols: ALB
1 year 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
1 year 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
1 year ago - Barrons

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

Albemarle, Lithium Stocks Beat the Market for Years. Until Now.

The lithium sector took a dive on a risk off day for the market. Shares of Livent, SQM, and others dropped a lot.

Other symbols: ALBLACPLL
1 year ago - Barrons

SQM REPORTS EARNINGS FOR THE THIRD QUARTER OF 2022

Highlights SQM reported net income for the nine months ended September 30, 2022 of US$2,755.3 million compared to US$263.9 million for the same period the year before. Earnings per share totaled US$9....

1 year ago - PRNewsWire

Profits for Chile's SQM surge more than ten fold in third quarter

Chilean miner SQM, the world's No. 2 lithium producer, posted on Wednesday a ten-fold jump in third-quarter net profit compared to the year-ago period, landing at $1.1 billion and boosted by sky-rocke...

1 year ago - Reuters

Chile has outperformed other emerging markets and the S&P 500 this year. Here's how

For the most part, stocks around the world have taken a beating this year. But there's one corner of the global market that's bucking that trend: Chile.

Other symbols: ECH
1 year ago - CNBC

GE Healthcare Announces Multi-Year Agreement with SQM to Secure Iodine Supply for Contrast Media

CHALFONT ST GILES, England--(BUSINESS WIRE)--GE Healthcare Announces Multi-Year Agreement with SQM, to Secure Supply of Iodine for its Contrast Media Products and Address Future Demand

Other symbols: GE
1 year ago - Business Wire

Chile's SQM expects lithium sales volumes of at least 145,000 tons in 2022

Chile's SQM expects to reach lithium sales volumes of at least 145,000 tons in 2022, according to a presentation of its second quarter results published on Thursday.

1 year ago - Reuters

SQM REPORTS EARNINGS FOR THE SIX MONTHS ENDED JUNE 30, 2022

Highlights SQM will hold a hybrid Investor Day virtually and at the New York Stock Exchange on September 15, 2022. For more information or to register please visit https://sqm.connectid.cloud/.

1 year ago - PRNewsWire

SQM REPORTS EARNINGS FOR THE THREE MONTHS ENDED MARCH 31, 2022

Highlights SQM reported net income for the three months ended March 31, 2022 of US$796.1 million, compared to US$68.0 million in same period of 2021. Revenues for the three months ended March 31, 2022...

2 years ago - PRNewsWire

SQM REPORTS EARNINGS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2021

SANTIAGO, Chile, March 2, 2022 /PRNewswire/ -- Highlights SQM reported net income for the twelve months ended December 31, 2021 of US$585.5 million. Earnings per share totaled US$2.05 for the twelve m...

2 years ago - PRNewsWire

Rising EV adoption spurs record demand for lithium in 2021

CNBC's Pippa Stevens reports on the rising demand for lithium as electric vehicles grow in popularity. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi  »...

Other symbols: ALB
2 years ago - CNBC Television