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Wednesday, September 27, 2023

The Question Is Whether To Buy Or Not To Buy Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Sociedad Quimica y Minera de Chile S.A. (SQM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.35, or 0.57%, to $61.24. The Sociedad Quimica y Minera de Chile S.A. has recorded 11,165 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that SQM REPORTS EARNINGS FOR THE SIX MONTHS ENDED JUNE 30, 2023.

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Stocks Info

Sociedad Quimica y Minera de Chile S.A. is listed on the NYSE as a member of the Basic Materials sector and is a part of the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $60.89 and fluctuated between $62.17 as its day high and $60.55 as its day low. The current market capitalization of Sociedad Quimica y Minera de Chile S.A. is $16.59B. A total of 1.0 million shares were traded on the day, compared to an average of 1.31M shares.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Sociedad Quimica y Minera de Chile S.A. pays an annual dividend of $8.74, resulting in a dividend yield of 14.36%, and it has a price to earnings (P/E) ratio of 4.86. SQM’s most recent ex-dividend date was 7/13/2023 when it declared a $0.5119 quarterly dividend that was paid in cash on 7/20/2023. Previously, the company paid the dividend on 5/11/2023 with an ex-dividend date of 5/11/2023. The SQM stock dividend was $3.2237 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SQM in the last 3 months, the mean price target is $86.72 with high estimates of $136.00 and low estimates of $62.80. In terms of 52-week highs and lows, SQM has a high of $115.72 and a low of $60.21.

As of this writing, SQM has an earnings estimate of $2.48 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $3.57 per share and a lower estimate of $2.2. The company reported an EPS of $2.63 in the last quarter, which was -13.80% lower than expectations of $3.05.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SQM’s latest balance sheet shows that the firm has $2.42B in Cash & Short Term Investments as of fiscal 2021. There were $2.61B in debt and $991.71M in liabilities at the time. Its Book Value Per Share was $17.20, while its Total Shareholder’s Equity was $3.22B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SQM is Buy with a score of 3.44.

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