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An announcement from Sociedad Quimica Y Minera SA ( (SQM) ) is now available.
On January 27, 2025, SQM announced it had signed a definitive collaboration and exploration agreement with Ivanhoe Electric to explore 2,002 km² of SQM-owned mining property in northern Chile for copper, marking a notable expansion of its resource exploration beyond its core lithium and specialty fertilizer business. SQM will invest US$9 million over an initial three-year exploration phase, using Ivanhoe Electric’s Typhoon geophysical surveying technology and CGI’s data inversion software to identify potential copper deposits, with the deal structured so that a successful exploration campaign could lead to a 50/50 joint venture in which SQM would have the option to operate and appoint the JV’s CEO, potentially strengthening its long-term presence in Chile’s copper sector and diversifying its portfolio for shareholders.
The most recent analyst rating on (SQM) stock is a Hold with a $91.00 price target. To see the full list of analyst forecasts on Sociedad Quimica Y Minera SA stock, see the SQM Stock Forecast page.
Spark’s Take on SQM Stock
According to Spark, TipRanks’ AI Analyst, SQM is a Neutral.
The score is led by mixed financial performance—solid balance sheet but pressured profitability and notably weak free cash flow—while technicals show a strong trend but overbought momentum risk. Valuation is demanding due to a high P/E, partly offset by an elevated dividend yield. Earnings call commentary was a relative positive with record volumes and constructive pricing/demand guidance, though volatility and CapEx adjustments add risk.
To see Spark’s full report on SQM stock, click here.
More about Sociedad Quimica Y Minera SA
Sociedad Química y Minera de Chile (SQM) is a global chemicals and mining company listed in New York and Santiago that develops and produces products for industries including health, nutrition, renewable energy and technology, and seeks to maintain leading positions in the global markets for lithium, potassium nitrate and iodine.
Average Trading Volume: 1,619,843
Technical Sentiment Signal: Buy
Current Market Cap: $23.39B
Learn more about SQM stock on TipRanks’ Stock Analysis page.