Shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) rose 1.7% during trading on Tuesday . The stock traded as high as $26.33 and last traded at $25.71, with a volume of 668,771 shares. The stock had previously closed at $25.28.

SQM has been the topic of several analyst reports. Bank of America Corp. reaffirmed a “hold” rating and set a $28.00 target price on shares of Sociedad Quimica y Minera de Chile SA in a report on Tuesday. Scotiabank raised Sociedad Quimica y Minera de Chile SA from a “sector perform” rating to an “outperform” rating in a report on Monday, June 6th. Finally, Zacks Investment Research raised Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, June 23rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Sociedad Quimica y Minera de Chile SA has a consensus rating of “Hold” and an average target price of $21.89.

The firm has a market cap of $6.64 billion and a P/E ratio of 32.07. The company’s 50 day moving average is $23.46 and its 200 day moving average is $19.69.

An institutional investor recently bought a new position in Sociedad Quimica y Minera de Chile SA stock. Oxford Asset Management bought a new stake in shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) during the fourth quarter, Holdings Channel reports. The institutional investor bought 174,708 shares of the company’s stock, valued at approximately $3,353,000. Oxford Asset Management owned about 0.07% of Sociedad Quimica y Minera de Chile SA at the end of the most recent reporting period.

Sociedad Quimica y Minera de Chile SA (SQM) is a producer of potassium nitrate and iodine chemicals. The Company operates in six segments: specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. It produces four types of specialty plant nutrients: potassium nitrate, sodium nitrate, sodium potassium nitrate and specialty blends.

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