Sociedad Quimica y Minera upgraded by Goldman
$SQM
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industrials
Goldman upgraded Sociedad Quimica y Minera from Neutral to Buy
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2024 | $55.00 → $44.00 | Overweight → Neutral | JP Morgan |
| 8/9/2024 | Neutral → Buy | Goldman | |
| 7/31/2024 | $35.00 | Hold | Berenberg |
| 4/8/2024 | $52.00 → $62.80 | Hold → Buy | Jefferies |
| 1/11/2024 | $58.00 → $52.00 | Buy → Hold | Deutsche Bank |
| 12/15/2023 | Sell → Neutral | Goldman | |
| 10/26/2023 | $84.00 | Sector Perform → Sector Outperform | Scotiabank |
| 10/18/2023 | $69.00 → $59.00 | Neutral → Underperform | BofA Securities |
Highlights SQM reported total revenues for the nine months ended September 30, 2024 of US$3,455.0 million compared to total revenues of US$6,155.9 million for the same period last year. Net loss(1),(2) for the nine months ended September 30, 2024 of (US$524.5) million or (US$1.84) per share, compared to net income(2) of US$1,809.5 million or US$6.33 per share for the same period last year. Solid sales volumes in lithium, iodine, and fertilizer businesses. SPN and Potassium businesses posted healthy growth showing market recovery. Slight increase in iodine prices, due to strong market demand and limited supply. First lithium sales from the SQM International lithium division.SQM wi
Highlights • SQM reported total revenues for the six months ended June 30, 2024 of US$2,378.1 million compared to total revenues of US$4,315.6 million for the same period last year. • Net loss for the six months ended June 30, 2024 of (US$655.9) million or (US$2.30) per share, compared to net income of US$1,330.1 million or US$4.66 per share for the same period last year. • Strong sales volumes growth in lithium, iodine and fertilizer businesses. • Record-high quarterly sales volumes in lithium and iodine businesses, surpassing 52,000 metric tons and 4,000 metric tons, respectively. • Signed definitive partnership agreement with Codelco to j
Highlights • SQM reported total revenues for the three months ended March 31, 2024 of US$1,084.5 million compared to total revenues of US$2,263.9 million for the same period last year. • Net loss(1) for the three months ended March 31, 2024 of (US$869.5) million or (US$3.04) per share, compared to net income of US$749.9 million, US$2.63 per share for the same period last year. • Over 30% year-on-year higher sales volumes in lithium business, surpassing 43,000 metric tons in 1Q2024. • Revised and increased FY2024 lithium sales volumes guidance. • Record-high quarterly sales volumes in iodine business, over 3,700 metric tons in 1Q2024. •
Highlights SQM reported total revenues for the nine months ended September 30, 2024 of US$3,455.0 million compared to total revenues of US$6,155.9 million for the same period last year. Net loss(1),(2) for the nine months ended September 30, 2024 of (US$524.5) million or (US$1.84) per share, compared to net income(2) of US$1,809.5 million or US$6.33 per share for the same period last year. Solid sales volumes in lithium, iodine, and fertilizer businesses. SPN and Potassium businesses posted healthy growth showing market recovery. Slight increase in iodine prices, due to strong market demand and limited supply. First lithium sales from the SQM International lithium division.SQM wi
VANCOUVER, BC, Sept. 23, 2024 /PRNewswire/ - LiTHOS Group Ltd. ("LiTHOS" or the "Company") (CBOE CA: LITS), a leader in sustainable lithium brine production technologies, is pleased to provide shareholders with a Q3 corporate and operational update highlighting significant advances in the company's AcQUA™ and TiERRA™ technologies, and new strategic partnerships with major lithium producers. Scott Taylor, CEO of LiTHOS, shared his enthusiasm about the company's recent progress: "Our AcQUA™ technology continues to prove its effectiveness, especially in our collaboration with Soc
Highlights • SQM reported total revenues for the six months ended June 30, 2024 of US$2,378.1 million compared to total revenues of US$4,315.6 million for the same period last year. • Net loss for the six months ended June 30, 2024 of (US$655.9) million or (US$2.30) per share, compared to net income of US$1,330.1 million or US$4.66 per share for the same period last year. • Strong sales volumes growth in lithium, iodine and fertilizer businesses. • Record-high quarterly sales volumes in lithium and iodine businesses, surpassing 52,000 metric tons and 4,000 metric tons, respectively. • Signed definitive partnership agreement with Codelco to j
JP Morgan downgraded Sociedad Quimica y Minera from Overweight to Neutral and set a new price target of $44.00 from $55.00 previously
Goldman upgraded Sociedad Quimica y Minera from Neutral to Buy
Berenberg initiated coverage of Sociedad Quimica y Minera with a rating of Hold and set a new price target of $35.00
Deutsche Bank analyst Corinne Blanchard maintains Sociedad Quimica Y Minera (NYSE:SQM) with a Hold and lowers the price target from $45 to $36.
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