SQM Reports Earnings for the Three Months Ended March 31, 2025 Highlights SQM reported total revenues for the three months ended March 31, 2025 of US$1,036.6 million compared to total revenues of US$1,084.5 million for the same period last year. Net income for the three months ended March 31, 2025 of US$137.5 million or US$0.48 per share, compared to net loss(1) of US$(869.5) million or US$(3.04) per share for the same period last year. Record-high iodine sales price Record first-quarter lithium sales volumes reflect strong market demand SQM will hold a conference call to...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
SOCIED.QM.Y MIDC.SA (US), a company active in the Commodity Chemicals industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date March 15, 2022, the closing price was USD 70.81 and its ...
Volatility & Consolidation Continues Our key "lines in the sand" were tested last week, including 4257 on the S&P 500, $334 on the Nasdaq 100 (QQQ), 33,250 on the Dow Jones Industrial Average, and $102.50 on the S&P 600 Small Caps (IJR). After a brief dip below these levels, buyers immediately stepped up and reclaimed these supports. It was a clear win for the bulls (for now), and we are constructive as long as we are above these levels. Moving forward we continue to expect more volatility and ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Breakaway Gaps In Place Last week we noted some deterioration in market dynamics, all while reiterating our overall constructive outlook looking weeks and months ahead. The fact is, “perfectly bullish” conditions rarely exist, and a weight of the evidence approach is necessary. To that end, the positives continue to outweigh the negatives and our outlook remains constructive. · S&P 500 Breakaway Gap. The S&P 500 broke out to all-time highs this past Thursday, and yesterday displayed so...
Bullish Outlook Intact; Growth vs. Value Stalemate Continues Market dynamics remain positive and there continues to be an absence of breakdowns across the broad indexes and Sectors. As a result we remain bullish and we view any weakness as a buying opportunity. · S&P 500. The S&P 500 is currently testing short-term support in the 3630-3645 zone, which happens to coincide with a multi-week uptrend. If this area fails to hold, the next important support levels to watch would be 3588 foll...
Bullish Outlook Intact Our outlook remains bullish as market dynamics continue to suggest the path of least resistance remains higher for US and foreign equities. Continue to buy dips. · S&P 500. The S&P 500 continues to consolidate/back-and-fill, something we suggested in our 11/10/20 Compass as likely to happen following the ~9% gains in the week surrounding the election which resulted in a bullish reversal. We view recent consolidation following the bullish reversal as healthy as th...
SQM reported detailed first-quarter results that were in line with our expectations as lithium prices fell 11% year on year to roughly $14,600 per metric ton. The company previously reported high-level results on April 26 following the annual shareholders meeting. However, in addition to the financial results, management guided to lithium prices falling to $11,000 to $12,000 per metric ton in the second half of 2019, which is slightly below our expectations for 2019 but is in line with our 2020 ...
SQM reported detailed first-quarter results that were in line with our expectations as lithium prices fell 11% year on year to roughly $14,600 per metric ton. The company previously reported high-level results on April 26 following the annual shareholders meeting. However, in addition to the financial results, management guided to lithium prices falling to $11,000 to $12,000 per metric ton in the second half of 2019, which is slightly below our expectations for 2019 but is in line with our 2020 ...
SQM reported detailed first-quarter results that were in line with our expectations as lithium prices fell 11% year on year to roughly $14,600 per metric ton. The company previously reported high-level results on April 26 following the annual shareholders meeting. However, in addition to the financial results, management guided to lithium prices falling to $11,000 to $12,000 per metric ton in the second half of 2019, which is slightly below our expectations for 2019 but is in line with our 2020 ...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Wide-moat-rated Wesfarmers continues efforts to diversify its portfolio away from retailing with its latest proposed deal. The conglomerate has now attempted two acquisitions of resource companies since Rob Scott took the helm. Unintended or otherwise, both acquisitions would expose Wesfarmers to the high-growth electric vehicle, or EV, market, a move which certainly has strategic merit. We forecast EVs to grow to 15% global penetration of new car sales in 2028 from 1% in 2017. Following the off...
Wide-moat-rated Wesfarmers continues efforts to diversify its portfolio away from retailing with its latest proposed deal. The conglomerate has now attempted two acquisitions of resource companies since Rob Scott took the helm. Unintended or otherwise, both acquisitions would expose Wesfarmers to the high-growth electric vehicle, or EV, market, a move which certainly has strategic merit. We forecast EVs to grow to 15% global penetration of new car sales in 2028 from 1% in 2017. Following the off...
On April 26, SQM's management team provided some high-level commentary on upcoming first-quarter results that were generally consistent with our full-year expectations. With no changes to our outlook, we maintain our $64 per share fair value estimate and narrow moat rating. At current prices, we view SQM as materially undervalued, with the stock trading in 5-star territory. We contend that the market is taking a shortsighted approach when it comes to lithium prices. Although we forecast lower l...
On April 26, SQM's management team provided some high-level commentary on upcoming first-quarter results that were generally consistent with our full-year expectations. With no changes to our outlook, we maintain our $64 per share fair value estimate and narrow moat rating. At current prices, we view SQM as materially undervalued, with the stock trading in 5-star territory. We contend that the market is taking a shortsighted approach when it comes to lithium prices. Although we forecast lower li...
From a valuation standpoint, all three lithium producers we cover are trading at a discount to our fair value estimates. We view SQM and Albemarle as our top picks as they trade at price/fair value ratios of 0.61 and 0.67, respectively. Livent is still attractive but currently trades at a price/fair value ratio of 0.75. Regardless, all three narrow-moat stocks are trading in 4-star territory. Our bullish long-term outlook assumes that lithium prices will recover. Additionally, we assume that th...
From a valuation standpoint, all three lithium producers we cover are trading at a discount to our fair value estimates. We view SQM and Albemarle as our top picks as they trade at price/fair value ratios of 0.61 and 0.67, respectively. Livent is still attractive but currently trades at a price/fair value ratio of 0.75. Regardless, all three narrow-moat stocks are trading in 4-star territory. Our bullish long-term outlook assumes that lithium prices will recover. Additionally, we assume that the...
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