Sociedad Quimica Y Minera S.A. Receives a Hold from BMO Capital

By Austin Angelo

BMO Capital analyst Joel Jackson reiterated a Hold rating on Sociedad Quimica Y Minera S.A. (NYSE: SQM) yesterday. The company’s shares closed last Friday at $28.01, close to its 52-week high of $30.06.

According to TipRanks.com, Jackson is a 1-star analyst with an average return of -1.8% and a 48.4% success rate. Jackson covers the Basic Materials sector, focusing on stocks such as Compass Minerals Intl Inc, Rentech Nitrogen, and Israel Chemicals.

Sociedad Quimica Y Minera S.A. has an analyst consensus of Moderate Buy.

Based on Sociedad Quimica Y Minera S.A.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $520 million and quarterly net profit of $57.63 million. In comparison, last year the company earned revenue of $408 million and had a net profit of $12.54 million.

Sociedad Quimica y Minera de Chile SA engages in the production and distribution of fertilizers, potassium nitrate, iodine and lithium chemicals. It operates through the following segments: Specialty Plant Nutrients, Industrial Chemicals, Iodine and Derivatives, Lithium and Derivatives, Potassium, and Other Products and Services. The Specialty Plant Nutrients segment produces potassium nitrate, sodium nitrate, sodium potassium nitrate, and specialty blends. The Industrial Chemicals segment offers industrial chemicals like sodium nitrate, potassium nitrate, and boric acid. The Iodine and Derivatives segment manufactures iodine and iodine derivatives, which are used in a wide range of medical, pharmaceutical, agricultural and industrial applications, including x-ray contrast media, polarizing films for liquid crystal displays, antiseptics, biocides and disinfectants in the synthesis of pharmaceuticals, herbicides, electronics, pigments, and dye components. The Lithium and Derivatives segments covers lithium carbonate, which is used in a variety of applications, including electrochemical materials for batteries, frits for the ceramic and enamel industries, heat-resistant glass (ceramic glass), air conditioning chemicals, continuous casting powder for steel extrusion, primary aluminum smelting process, pharmaceuticals, and lithium derivatives. The Potassium segment develops potassium chloride and potassium sulfate. The Other Products and Services segment produces other fertilizers and blends. The company was founded June 17, 1968 and is headquartered in Santiago, Chile.