abrdn Investments Ltd. has recently announced that it has increased stake in Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE:SQM) by 5.18%. After grabbing 2.12 million shares, the institutional investor is now in possession of 0.1 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 1.48% having worth around $106.27 million. Moreover, Grantham, Mayo, Van Otterloo & Co increased its share by 0.47 million to have a control over 1.75 million shares. And CI Investments, Inc. raised its holdings to 79369.0 shares by acquiring 1.48 million shares or 1.03% of the stake.
Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) concluded trading on 12/28/23 at a closing price of $61.91, with 2.36 million shares of worth about $145.92 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.38% during that period and on Thursday the price saw a gain of about 1.54%. Currently the company’s common shares owned by public are about 142.82M shares, out of which, 142.79M shares are available for trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the SQM stock and their offered price forecasts bring an average price target of $64263.48. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $80412.15 and could fall to a lowest price of $45143.80. The stock’s current price level is 15.25% above of average price target set by the analysts, while a rise to estimated low would result in gain of 99.86% for the stock. However, touching the estimated high of $80412.15 would mean a gain of 99.92% for the stock.
Global X Lithium & Battery Tech E, Stichting Pensioenfonds ABP, and BlackRock Global Funds – Future o are the top 3 mutual funds which are holding stakes in Sociedad Quimica Y Minera de Chile S.A. ADR Global X Lithium & Battery Tech E is currently holding 1.85 million shares of worth totaling $92.9 million. The company recently came buying 0.0 shares which brought its stake up to 1.30% of the company’s outstanding shares. Stichting Pensioenfonds ABP sold -0.45 million shares, after which its hold over company’s outstanding shares shrunk to 0.73%, leaving 1.04 million shares with the mutual fund that have a worth of about $52.38 million. BlackRock Global Funds – Future o, after selling 1.01 million shares, have now control over 0.71% of the stake in the company. It holds 7192.0 shares of worth $50.73 million.
Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) started trading at $64.09, above $3.12 from concluding price of the previous day. However, the stock later moved at a day high price of 64.62, or with a gain of 1.54%. Stock saw a price change of 10.36% in past 5 days and over the past one month there was a price change of 23.60%. Year-to-date (YTD), SQM shares are showing a performance of -22.46% which decreased to -20.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $44.86 but also hit the highest price of $98.66 during that period. The average intraday trading volume for Sociedad Quimica Y Minera de Chile S.A. ADR shares is 1.67 million. The stock is currently trading 13.98% above its 20-day simple moving average (SMA20), while that difference is up 19.20% for SMA50 and it goes to -4.59% lower than SMA200.
abrdn Investments Ltd. acquired 2.12 million shares of Sociedad Quimica Y Minera de Chile S.A. ADR having value of about $106.27 million. Data submitted at the U.S SEC by abrdn Investments Ltd. revealed that the firm now holds 0.1 million shares in the company valued at close to $6445140.55, or have control over 5.18% stake in the company. Sociedad Quimica Y Minera de Chile S.A. ADR (NYSE: SQM) currently have 142.82M outstanding shares and institutions hold larger chunk of about 27.84% of that. Holding of mutual funds in the company is about 13.12% while other institutional holders and individual stake holders have control over 14.71% and — of the stake respectively.
The stock has a current market capitalization of $8.84B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 5.97, while it has posted earnings per share of $10.36 in the same period. It has Quick Ratio of 1.60 while making debt-to-equity ratio of 0.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SQM, volatility over the week remained 2.82% while standing at 3.98% over the month.
Analysts are in expectations that Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) stock would likely to be making an EPS of $1.48 in the current quarter, while forecast for next quarter EPS is $1.6 and it is $5.88 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.89 which is $2.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -37.34% while it is estimated to decrease by -24.22% in next year. EPS is likely to shrink at an annualized rate of -13.60% for next 5-years, compared to annual growth of 53.56% made by the stock over the past 5-years.
Analysts at 14 brokerage firms have issued recommendations for the Sociedad Quimica Y Minera de Chile S.A. ADR (SQM)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.64. Out of those 14 Wall Street analysts, 9 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
