8 Best Fertilizer Stocks To Buy Now

2. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Average Upside Potential According to Analysts: 34.23%

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is a Chilean company that offers a variety of products for different industries, including agriculture, health, nutrition, and renewable energy. The company is well-known for its fertilizers, particularly potassium nitrate and sodium nitrate, which are essential for enhancing crop yields. Sociedad Química y Minera de Chile S.A. (NYSE:SQM) also produces lithium and iodine.

In the first half of 2024, SQM reported revenues of $2.37 billion, a decrease from $4.31 billion in the same quarter last year. Despite this drop, the company experienced strong sales growth in its lithium, iodine, and fertilizer segments, with fertilizer demand increasing by over 20% compared to last year.

Although Sociedad Química y Minera de Chile S.A.’s (NYSE:SQM) performance in its recent quarter was less than ideal, it has demonstrated resilience with a compound annual growth rate of 10% in revenue over the past decade.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the best fertilizer stocks to buy now. Analysts are optimistic about SQM’s future. The 12-month median price target for the stock set by analysts indicates a potential upside of 34% from the current stock price.

With ongoing demand for both lithium and fertilizers expected to rise, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) presents a compelling investment opportunity.