Sociedad Quimica y Minera de Chile SA (NYSE:SQM)‘s stock had its “hold” rating reiterated by investment analysts at BMO Capital Markets in a research note issued on Monday.

Several other brokerages have also weighed in on SQM. HSBC raised Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Wednesday, October 19th. 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 objective on the stock. Zacks Investment Research lowered Sociedad Quimica y Minera de Chile SA from a “buy” rating to a “hold” rating in a report on Friday, August 26th. TheStreet raised Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Finally, Scotiabank lowered Sociedad Quimica y Minera de Chile SA from an “outperform” rating to a “sector perform” rating in a report on Monday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $28.62.

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

Sociedad Quimica y Minera de Chile SA (NYSE:SQM) opened at 28.01 on Monday. The stock has a 50 day moving average price of $28.17 and a 200 day moving average price of $25.53. Sociedad Quimica y Minera de Chile SA has a 1-year low of $14.31 and a 1-year high of $30.06. The company has a market cap of $7.37 billion, a PE ratio of 35.59 and a beta of 1.14.

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Several hedge funds have recently made changes to their positions in the company. TD Asset Management Inc. bought a new position in Sociedad Quimica y Minera de Chile SA during the second quarter valued at approximately $1,016,000. SG Americas Securities LLC increased its position in Sociedad Quimica y Minera de Chile SA by 131.9% in the second quarter. SG Americas Securities LLC now owns 13,112 shares of the company’s stock valued at $324,000 after buying an additional 7,459 shares during the period. Emerald Acquisition Ltd. bought a new position in Sociedad Quimica y Minera de Chile SA during the second quarter valued at approximately $10,163,000. Societe Generale bought a new position in Sociedad Quimica y Minera de Chile SA during the second quarter valued at approximately $324,000. Finally, Bank of New York Mellon Corp increased its position in Sociedad Quimica y Minera de Chile SA by 44.4% in the second quarter. Bank of New York Mellon Corp now owns 72,819 shares of the company’s stock valued at $1,800,000 after buying an additional 22,381 shares during the period. 18.88% of the stock is currently owned by institutional investors.

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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