AI Trading NYSE Mon, 11 Sep

Dear Reader,

SQM, or Sociedad Quimica y Minera de Chile SA ADR B, is a strong buy according to an AI trading strategy. If invested between 2021-01-12 and 2023-05-15, there is potential to make a 375.42% return with an average trade of 41.71% and a total of 9.0 positions taken over the period. The analyst consensus price target is 111.61. The model used to predict the upward trend has an overall accuracy of 0.69 in the following 2 weeks.

Sociedad Quimica y Minera de Chile SA (SQM) is a leading global producer and distributor of specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals and other products and services. The company is headquartered in Santiago, Chile and is listed on the New York Stock Exchange (NYSE).

Company Overview

Sociedad Quimica y Minera de Chile SA is a leading global producer of specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals and other products and services. The company’s main markets are in Europe, Asia and the Americas. In addition to its core activities, the company also provides technical consulting services and operates a research and development center. It is a vertically integrated company that is involved in the production, marketing and distribution of its products.

Historic Company Performance

SQM has seen strong growth since it was founded in 1968. The company has grown to become a global leader in its industry and has established itself as one of the largest producers and distributors of specialty plant nutrients and industrial chemicals. Over the last few years, the company has seen strong revenue growth, with revenues increasing from $1.5 billion in 2015 to $8.7 billion in 2020. The company has also seen strong earnings growth, with earnings increasing from $376 million in 2015 to $1.2 billion in 2020.

Share Price Performance

Shares of SQM have performed well in recent years, with the stock price increasing from $45.00 in March 2017 to a high of $109.81 in August 2020. The stock has since pulled back and is currently trading at $62.44 as of September 8, 2023. Despite the pullback, the company still has a market capitalization of $26.5 billion and a price-to-earnings ratio of 8.64. The company also has a price-to-sales ratio of 2.762 and a price-to-book ratio of 5.58.

Conclusion

Sociedad Quimica y Minera de Chile SA is a leading global producer and distributor of specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals and other products and services. The company has seen strong growth in recent years, and its shares have performed well, with the stock price increasing from $45.00 in March 2017 to a high of $109.81 in August 2020. Despite the recent pullback, the stock is still trading at a price-to-earnings ratio of 8.64 and a price-to-sales ratio of 2.762, making it an attractive investment opportunity.

Symbol: SQM
AssetType: Common Stock
Name: Sociedad Quimica y Minera de Chile SA ADR B
Description: Sociedad Qumica y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals and other products and services worldwide. The company is headquartered in Santiago, Chile.
CIK: 909037
Exchange: NYSE
Currency: USD
Country: USA
Sector: ENERGY & TRANSPORTATION
Industry: MINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS)
Address: EL TROVADOR 4285, 6TH FLOOR, LAS CONDES, SANTIAGO CHILE, CL
FiscalYearEnd: December
LatestQuarter: 2022-09-30
MarketCapitalization: 26575761000
EBITDA: 4704999000
PERatio: 8.64
PEGRatio: 0.142
BookValue: 16.14
DividendPerShare: 4.733
DividendYield: 0.0829
EPS: 10.77
RevenuePerShareTTM: 30.32
ProfitMargin: 0.355
OperatingMarginTTM: 0.518
ReturnOnAssetsTTM: 0.329
ReturnOnEquityTTM: 0.774
RevenueTTM: 8661271000
GrossProfitTTM: 1090107000
DilutedEPSTTM: 10.77
QuarterlyEarningsGrowthYOY: 9.37
QuarterlyRevenueGrowthYOY: 3.472
AnalystTargetPrice: 111.61
TrailingPE: 8.64
ForwardPE: 5.15
PriceToSalesRatioTTM: 2.762
PriceToBookRatio: 5.58
EVToRevenue: 2.831
EVToEBITDA: 5.52
Beta: 1.004
52WeekHigh: 109.81
52WeekLow: 51.6
50DayMovingAverage: 88.53
200DayMovingAverage: 92.87
SharesOutstanding: 285638000
DividendDate: 2022-12-27
ExDividendDate: 2022-12-08

Date	Symbol	Prediction	Model Accuracy	Price Target	Analyst Target
2023-09-08	SQM	STRONGBUY	0.69	62.44	111.61
2023-08-24	SQM	WEAKBUY	0.69	65.61	111.61
2023-08-22	SQM	MEDIUMBUY	0.69	65.10	111.61

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The Third Perspective Team