Stock analysts at Deutsche Bank AG started coverage on shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.

A number of other research analysts have also weighed in on the stock. BMO Capital Markets began coverage on shares of Sociedad Quimica y Minera de Chile SA in a report on Tuesday, November 8th. They issued a “market perform” rating and a $30.00 target price for the company. HSBC upgraded Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Wednesday, October 19th. Zacks Investment Research downgraded Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “strong sell” rating in a research report on Friday, September 30th. Finally, TheStreet upgraded Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating in a research report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Sociedad Quimica y Minera de Chile SA presently has an average rating of “Hold” and an average target price of $27.74.

Analyst Recommendations for Sociedad Quimica y Minera de Chile SA (NYSE:SQM)

Shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) opened at 26.51 on Tuesday. The stock has a 50 day moving average of $27.99 and a 200-day moving average of $25.08. The stock has a market capitalization of $6.98 billion, a P/E ratio of 33.68 and a beta of 1.14. Sociedad Quimica y Minera de Chile SA has a 52-week low of $14.31 and a 52-week high of $30.06.

Hedge funds have recently added to or reduced their stakes in the company. HBK Investments L P acquired a new stake in Sociedad Quimica y Minera de Chile SA during the first quarter valued at $711,000. Robecosam AG increased its stake in Sociedad Quimica y Minera de Chile SA by 21.9% in the first quarter. Robecosam AG now owns 294,000 shares of the company’s stock valued at $6,136,000 after buying an additional 52,789 shares during the period. Dorsey Wright & Associates acquired a new stake in Sociedad Quimica y Minera de Chile SA during the second quarter valued at $389,000. CIBC World Markets Inc. acquired a new stake in Sociedad Quimica y Minera de Chile SA during the second quarter valued at $1,794,000. Finally, BARING ASSET MANAGEMENT Ltd acquired a new stake in Sociedad Quimica y Minera de Chile SA during the second quarter valued at $4,113,000. Institutional investors and hedge funds own 20.37% of the company’s stock.

About Sociedad Quimica y Minera de Chile SA

Sociedad Quimica y Minera de Chile SA (SQM) is a producer of potassium nitrate and iodine chemicals. The Company operates in six segments: specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. It produces four types of specialty plant nutrients: potassium nitrate, sodium nitrate, sodium potassium nitrate and specialty blends.

5 Day Chart for NYSE:SQM

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