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

Several research firms have recently weighed in on SQM. Zacks Investment Research raised Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, June 23rd. Scotiabank raised Sociedad Quimica y Minera de Chile SA from a “sector perform” rating to an “outperform” rating in a research note on Monday, June 6th. Bank of America Corp. reissued 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, Citigroup Inc. lowered Sociedad Quimica y Minera de Chile SA from a “neutral” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Sociedad Quimica y Minera de Chile SA currently has an average rating of “Hold” and an average price target of $21.89.

The stock has a market capitalization of $6.70 billion and a price-to-earnings ratio of 32.35. The stock has a 50 day moving average of $24.03 and a 200 day moving average of $19.97.

A hedge fund recently raised its stake in Sociedad Quimica y Minera de Chile SA stock. Dimensional Fund Advisors LP boosted its position in shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) by 14.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 615,037 shares of the company’s stock after buying an additional 77,817 shares during the period. Dimensional Fund Advisors LP owned approximately 0.23% of Sociedad Quimica y Minera de Chile SA worth $11,696,000 as of its most recent filing with the SEC.

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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