Scotiabank cut shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) from an outperform rating to a sector perform rating in a report published on Monday morning.

SQM has been the subject of several other reports. HSBC upgraded shares of Sociedad Quimica y Minera de Chile SA from a hold rating to a buy rating and set a $35.00 price objective for the company in a research report on Wednesday, October 19th. Zacks Investment Research cut shares of Sociedad Quimica y Minera de Chile SA from a hold rating to a strong sell rating in a research report on Friday, September 30th. Deutsche Bank AG initiated coverage on shares of Sociedad Quimica y Minera de Chile SA in a research report on Tuesday, November 15th. They set a buy rating and a $33.00 price objective for the company. TheStreet upgraded shares of Sociedad Quimica y Minera de Chile SA from a hold rating to a buy rating in a research report on Thursday, August 25th. Finally, BMO Capital Markets initiated coverage on shares of Sociedad Quimica y Minera de Chile SA in a research report on Tuesday, November 8th. They set a market perform rating and a $30.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Sociedad Quimica y Minera de Chile SA currently has an average rating of Hold and a consensus target price of $28.62.

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 28.01 on Monday. The stock has a 50 day moving average of $28.19 and a 200 day moving average of $25.65. Sociedad Quimica y Minera de Chile SA has a 12-month low of $14.31 and a 12-month high of $30.06. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 35.59 and a beta of 1.14.

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A number of hedge funds and other institutional investors have recently modified their holdings of SQM. Bamco Inc. NY increased its position in shares of 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 in the last quarter. Panagora Asset Management Inc. boosted 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 $2,690,000. Ardsley Advisory Partners bought a new stake in Sociedad Quimica y Minera de Chile SA during the third quarter worth $1,385,000. Finally, Two Sigma Advisers LP boosted 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 18.88% 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. 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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