Shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) hit a new 52-week high during trading on Thursday . The company traded as high as $27.23 and last traded at $26.09, with a volume of 1,396,006 shares. The stock had previously closed at $24.93.

A number of analysts have recently commented on the stock. TheStreet upgraded shares of Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating in a research note on Thursday. 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 target for the company in a research note on Thursday, June 23rd. Bank of America Corp. reiterated a “hold” rating and issued a $28.00 price target on shares of Sociedad Quimica y Minera de Chile SA in a research note on Tuesday, July 5th. Citigroup Inc. lowered shares of Sociedad Quimica y Minera de Chile SA from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 13th. Finally, Scotiabank upgraded shares of Sociedad Quimica y Minera de Chile SA from a “sector perform” rating to an “outperform” rating in a research report on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.89.

The firm’s 50-day moving average is $24.99 and its 200 day moving average is $21.86. The stock has a market cap of $6.86 billion and a price-to-earnings ratio of 33.13.

A hedge fund recently raised its stake in Sociedad Quimica y Minera de Chile SA stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,920 shares of the company’s stock after buying an additional 7,840 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Sociedad Quimica y Minera de Chile SA were worth $1,007,000 as of its most recent SEC filing.

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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