BMO Capital Sticks to Its Hold Rating for Sociedad Quimica Y Minera SA

By Jason Carr

BMO Capital analyst Joel Jackson reiterated a Hold rating on Sociedad Quimica Y Minera SA (NYSE: SQM) today and set a price target of $30. The company’s shares opened today at $33.55.

According to, Jackson is a 4-star analyst with an average return of 6.2% and a 58.1% success rate. Jackson covers the Basic Materials sector, focusing on stocks such as Compass Minerals International Inc, Israel Chemicals, and Intrepid Potash.

Sociedad Quimica Y Minera SA has an analyst consensus of Hold, with a price target consensus of $33.

Sociedad Quimica Y Minera SA’s market cap is currently $4.24B and has a P/E ratio of 31.65. The company has a book value ratio of 4.0140.

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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.