Sociedad Química y Minera de Chile: Analyst Ratings, Price Target
Sociedad Química y Minera de Chile (SQM) has had a stellar performance so far in 2017. On December 13, 2017, it closed at $111.90, a YTD (year-to-date) rise of 86%.
FMC (FMC) was among the top agribusiness stocks YTD (year-to-date). On December 13, 2017, it closed at $90.70.
Monsanto (MON) has delivered a positive return of 12% so far in 2017, but it has underperformed the S&P 500, which has risen 18% YTD.
Scotts Miracle-Gro (SMG), like PotashCorp (POT) and other agribusiness stocks (XLB) (MOO), has reported a positive return YTD (year-to-date) in 2017.
CF Industries (CF) had one of the best performances in 2017 compared to peers (XLB) PotashCorp (POT), Mosaic (MOS), and Agrium (AGU).
Mosaic (MOS) has had a disappointing year so far compared to PotashCorp (POT) and Agrium (AGU). MOS stock significantly underperformed the S&P 500.
Agrium’s (AGU) performance mirrored PotashCorp’s (POT) for most of 2017. AGU stock outperformed PotashCorp’s 10% returns.
PotashCorp (POT) has had a weak 2017, with negative returns most of the year. However, the stock recovered toward the end of the year.
In this series, we’ll look primarily at analysts’ ratings and give a price target update compared to a month ago.
In this concluding part of the series, we’ll filter down to the top four dividend stocks in this industry (XLB).
In this part of the series, we’ll look at the dividend yield trends for PotashCorp (POT), Monsanto (MON), Mosaic (MOS), and FMC (FMC).
Three stocks—Compass Minerals International, Agrium, and CF Industries—have stable dividend yields, while Israel Chemicals’ yield is more volatile.
Perhaps dividend yield is one of the most common starting points when screening for dividend stocks.
Among the companies that operate within the agriculture sector, FMC (FMC) has outperformed its peers with a total one-year return of 53.2% as of December 11, 2017.
Last week, which ended December 8, 2017, saw a slight rise in the Fertilizer Affordability Index issued by Mosaic (MOS).
Last week, which ended December 8, 2017, overall potash prices were broadly flat to positive at the four locations we’re covering in this series.
Last week, which ended December 8, 2017, MAP prices in Brazil fell week-over-week by 25 basis points to $402 per metric ton, from $403 per metric ton.
Last week, which ended December 8, 2017, was broadly mixed for movements in DAP (diammonium phosphate) prices. Some regions saw weekly gains, and others moved sideways to negative.
According to the EIA (U.S Energy Information Administration), natural gas prices were broadly mixed from November 29 to December 6, 2017.
Last week, which ended December 8, 2017, proved highly favorable for granular urea prices but not so much for prilled urea.