Shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $28.94.

A number of equities analysts recently issued reports on the company. Deutsche Bank AG assumed coverage on Sociedad Quimica y Minera de Chile SA in a report on Tuesday, November 15th. They set a “buy” rating and a $33.00 price target on the stock. BMO Capital Markets assumed coverage on Sociedad Quimica y Minera de Chile SA in a report on Tuesday, November 8th. They set a “market perform” rating and a $30.00 price target on the stock. HSBC raised Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Wednesday, October 19th. Zacks Investment Research lowered Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “strong sell” rating in a report on Friday, September 30th. Finally, TheStreet raised Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating in a report on Thursday, August 25th.

Large investors have recently bought and sold shares of the stock. Bamco Inc. NY increased its stake in Sociedad Quimica y Minera de Chile SA by 16.3% in the third quarter. Bamco Inc. NY now owns 1,035,000 shares of the company’s stock worth $27,841,000 after buying an additional 145,000 shares during the last quarter. Panagora Asset Management Inc. increased its stake in Sociedad Quimica y Minera de Chile SA by 13.9% in the third quarter. Panagora Asset Management Inc. now owns 30,867 shares of the company’s stock worth $830,000 after buying an additional 3,760 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Sociedad Quimica y Minera de Chile SA during the third quarter worth about $2,690,000. Ardsley Advisory Partners bought a new stake in Sociedad Quimica y Minera de Chile SA during the third quarter worth about $1,385,000. Finally, Two Sigma Advisers LP increased its stake in Sociedad Quimica y Minera de Chile SA by 66.0% in the third quarter. Two Sigma Advisers LP now owns 268,474 shares of the company’s stock worth $7,222,000 after buying an additional 106,700 shares during the last quarter. Institutional investors own 19.80% of the company’s stock.

Shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) traded up 0.0132% during trading on Tuesday, hitting $27.9737. The company’s stock had a trading volume of 297,049 shares. The company has a 50-day moving average price of $28.13 and a 200-day moving average price of $25.41. The stock has a market cap of $7.36 billion, a PE ratio of 35.5447 and a beta of 1.14. Sociedad Quimica y Minera de Chile SA has a one year low of $14.31 and a one year high of $30.06.

Sociedad Quimica y Minera de Chile SA Company Profile

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

5 Day Chart for NYSE:SQM

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