Profile
Sector:
Basic MaterialsIndustry:
Specialty ChemicalsCountry:
ChileIPO:
21 September 1993Website:
http://www.sqm.comNext earnings report:
15 November 2024Last dividends:
09 May 2024Next dividends:
N/APrice
after hours | Fri, 25 Oct 2024 23:29:03 GMTAnalysts recommendations
Institutional Ownership
SQM Latest News
Two of these lithium stocks look a lot riskier than the third.
VANCOUVER, BC , Sept. 23, 2024 /PRNewswire/ - LiTHOS Group Ltd.
Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) has partnered with Chile-based SQM (NYSE:SQM), one of the world's largest lithium chemicals producers, to develop its Lithium Ridge prospect at Uis in Namibia. In a three-stage deal, SQM (NYSE:SQM) can take a 50% stake in Grace Simba Investments (GSI), the Andrada subsidiary with the Lithium Ridge licence.
SQM posted a mixed earnings release. However, there are reasons to be optimistic. Lithium prices have plummeted, impacting SQM's revenue and earnings markedly. SQM's low-cost position, places it well as it attempts to gain market share by not curtailing production.
Sociedad Quimica's (SQM) earnings miss estimates, while sales beat the same in Q2 amid lower average selling prices in lithium and SPN units.
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.
Chilean lithium miner SQM said on Monday that it had reached a long-term supply deal with Hyundai and Kia to provide the carmakers with the white metal, key for the production of electric vehicle batteries.
Sociedad Quimica (SQM) beats first-quarter estimates on higher sales volumes amid headwinds from lower prices.
Sociedad Química y Minera de Chile S.A. (NYSE:SQM ) Q1 2024 Earnings Conference Call May 23, 2024 12:00 PM ET Company Participants Irina Axenova - Head of IR Gerardo Illanes - Chief Financial Officer Carlos Diaz - Executive Vice President of Lithium Mark Fones - Vice President of Lithium Development and M&A Juan Pablo Bellolio - Commercial Vice President of Iodine & Industrial Chemicals Conference Call Participants Ben Isaacson - Scotiabank Joel Jackson - BMO Capital Markets Corinne Blanchard - Deutsche Bank Cesar Perez-Novoa - BTG Pactual Operator Good day, and welcome to the SQM First Quarter 2024 Earnings Conference Call.
Analysts' average price target for SQM suggests a 26.6% potential upside in the stock. Although this metric may not always be reliable, the consensus among analysts in increasing earnings estimates does suggest a positive outlook for the stock.
What type of business is Sociedad Química y Minera de Chile SA?
Sociedad Química y Minera de Chile S.A. operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders. In addition, the company produces lithium carbonate and lithium hydroxide which are used in the production of cathode material for secondary batteries; lithium chloride; and basic lithium chemicals and lithium derivatives used in lubricating greases for heat-resistant glass, chips for the ceramic and glazing industry, and air conditioning chemicals, as well as other pharmaceutical syntheses and metal alloys. Further, it produces potassium sulfate; and potassium chloride which is used as a fertilizer for the application of potassium to different crops. Additionally, the company produces and markets industrial chemicals, such as sodium nitrate mainly used in the production of glass and explosives, metal processing and recycling, and production of insulating materials and adhesives; potassium nitrate used as a raw material to produce frits and special glass, as well as in the enamel, metal treatment, and pyrotechnic sectors; solar salts used as a thermal storage medium in solar power generation plants; and potassium chloride as an additive in oil drilling and food processing sectors. Furthermore, it is involved in the commercialization of third-party fertilizers; and exploration of copper, gold, and silver deposits. The company was founded in 1926 and is headquartered in Santiago, Chile.
What sector is Sociedad Química y Minera de Chile SA in?
Sociedad Química y Minera de Chile SA is in the Basic Materials sector
What industry is Sociedad Química y Minera de Chile SA in?
Sociedad Química y Minera de Chile SA is in the Specialty Chemicals industry
What country is Sociedad Química y Minera de Chile SA from?
Sociedad Química y Minera de Chile SA is headquartered in Chile
When did Sociedad Química y Minera de Chile SA go public?
Sociedad Química y Minera de Chile SA initial public offering (IPO) was on 21 September 1993
What is Sociedad Química y Minera de Chile SA website?
https://www.sqm.com
Is Sociedad Química y Minera de Chile SA in the S&P 500?
No, Sociedad Química y Minera de Chile SA is not included in the S&P 500 index
Is Sociedad Química y Minera de Chile SA in the NASDAQ 100?
No, Sociedad Química y Minera de Chile SA is not included in the NASDAQ 100 index
Is Sociedad Química y Minera de Chile SA in the Dow Jones?
No, Sociedad Química y Minera de Chile SA is not included in the Dow Jones index
When was Sociedad Química y Minera de Chile SA the previous earnings report?
No data
When does Sociedad Química y Minera de Chile SA earnings report?
The next expected earnings date for Sociedad Química y Minera de Chile SA is 15 November 2024