Sociedad Quimica y Minera de Chile (SQM) Receiving Somewhat Favorable News Coverage, Analysis Shows
Headlines about Sociedad Quimica y Minera de Chile (NYSE:SQM) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sociedad Quimica y Minera de Chile earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.9291016350278 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- Lithium Americas Is Unworthy Of Your Investment – Seeking Alpha (seekingalpha.com)
- Hot Mover of the Day – Sociedad Quimica y Minera de Chile SA (NYSE: SQM) – Stocks Pen (stockspen.com)
- Lithium Stocks News: Chile Is Trying to Block Sale of SQM Shares to Chinese Companies – Madison.com (host.madison.com)
- Wired News – FMC Selects CEO for New Planned Lithium Materials Company (finance.yahoo.com)
Sociedad Quimica y Minera de Chile (SQM) traded down $0.43 during trading hours on Tuesday, reaching $50.81. The company had a trading volume of 982,830 shares, compared to its average volume of 1,690,000. The stock has a market cap of $13,200.00, a P/E ratio of 31.36, a PEG ratio of 1.12 and a beta of 1.04. The company has a quick ratio of 2.31, a current ratio of 3.79 and a debt-to-equity ratio of 0.45. Sociedad Quimica y Minera de Chile has a 12-month low of $32.38 and a 12-month high of $64.20.
SQM has been the topic of several research analyst reports. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Saturday, November 18th. Deutsche Bank raised Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and raised their target price for the stock from $52.00 to $70.00 in a research report on Thursday, January 18th. Citigroup raised Sociedad Quimica y Minera de Chile from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 17th. ValuEngine raised Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, HSBC raised Sociedad Quimica y Minera de Chile from a “reduce” rating to a “hold” rating in a research report on Thursday, March 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.65.
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About Sociedad Quimica y Minera de Chile
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.
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