Shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $26.33 and last traded at $26.08, with a volume of 301,359 shares changing hands. The stock had previously closed at $25.60.

A number of research firms have recently issued reports on SQM. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, June 23rd. Bank of America Corp. reiterated a “hold” rating and set a $28.00 price objective on shares of Sociedad Quimica y Minera de Chile SA in a research note on Tuesday, July 5th. Finally, Scotiabank upgraded shares of Sociedad Quimica y Minera de Chile SA from a “sector perform” rating to an “outperform” rating in a research note on Monday, June 6th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.89.

The stock has a 50 day moving average price of $23.83 and a 200 day moving average price of $19.87. The company has a market capitalization of $6.88 billion and a price-to-earnings ratio of 33.23.

A hedge fund recently bought a new stake in Sociedad Quimica y Minera de Chile SA stock. Oxford Asset Management purchased a new stake in shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 174,708 shares of the company’s stock, valued at approximately $3,353,000. Oxford Asset Management owned 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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