Zacks Investment Research upgraded shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Sociedad Quimica Minera Chile SA produces fertilizer and iodine and manufactures industrial chemicals and iodine derivative products. The Company sells its products in over 60 countries throughout the world. “

A number of other brokerages have also weighed in on SQM. Deutsche Bank AG started coverage on shares of Sociedad Quimica y Minera de Chile SA in a report on Tuesday, November 15th. They issued a buy rating and a $33.00 price target on the stock. BMO Capital Markets reiterated a hold rating and issued a $30.00 price target on shares of Sociedad Quimica y Minera de Chile SA in a report on Monday. 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 target on the stock in a report on Wednesday, October 19th. TheStreet upgraded shares of Sociedad Quimica y Minera de Chile SA from a hold rating to a buy rating in a report on Thursday, August 25th. Finally, Scotiabank downgraded shares of Sociedad Quimica y Minera de Chile SA from an outperform rating to a sector perform rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Sociedad Quimica y Minera de Chile SA currently has an average rating of Hold and an average price target of $28.62.

Sociedad Quimica y Minera de Chile SA (NYSE:SQM) opened at 27.48 on Tuesday. The firm has a market cap of $7.30 billion, a P/E ratio of 29.02 and a beta of 1.14. The company’s 50 day moving average is $28.19 and its 200-day moving average is $25.65. Sociedad Quimica y Minera de Chile SA has a 52 week low of $14.31 and a 52 week high of $30.06.

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Several large investors have recently added to or reduced their stakes in SQM. US Bancorp DE increased its stake in Sociedad Quimica y Minera de Chile SA by 272.6% in the second quarter. US Bancorp DE now owns 4,784 shares of the company’s stock valued at $119,000 after buying an additional 3,500 shares during the last quarter. Nordea Investment Management AB raised its position in Sociedad Quimica y Minera de Chile SA by 69.0% in the second quarter. Nordea Investment Management AB now owns 6,522 shares of the company’s stock valued at $161,000 after buying an additional 2,663 shares during the period. World Asset Management Inc acquired a new position in Sociedad Quimica y Minera de Chile SA during the third quarter valued at approximately $217,000. Capital Fund Management S.A. acquired a new position in Sociedad Quimica y Minera de Chile SA during the third quarter valued at approximately $264,000. Finally, Profund Advisors LLC acquired a new position in Sociedad Quimica y Minera de Chile SA during the third quarter valued at approximately $264,000. 18.88% of the stock is 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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