Sociedad Quimica y Minera de Chile SA (NYSE:SQM) shares were down 0.9% during trading on Monday . The company traded as low as $25.83 and last traded at $25.84, with a volume of 251,751 shares trading hands. The stock had previously closed at $26.07.

A number of research analysts have recently commented on SQM shares. 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. Citigroup Inc. cut Sociedad Quimica y Minera de Chile SA from a “neutral” rating to a “sell” rating in a research note on Wednesday, July 13th. Zacks Investment Research cut Sociedad Quimica y Minera de Chile SA from a “buy” rating to a “hold” rating in a research note on Friday. 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 research note on Tuesday, July 5th. Finally, TheStreet raised Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Sociedad Quimica y Minera de Chile SA has an average rating of “Hold” and an average price target of $22.20.

The firm has a 50 day moving average price of $24.99 and a 200-day moving average price of $22.04. The company has a market capitalization of $6.64 billion and a P/E ratio of 32.49.

An institutional investor recently raised its position in Sociedad Quimica y Minera de Chile SA stock. Schwab Charles Investment Management Inc. raised its position in Sociedad Quimica y Minera de Chile SA (NYSE:SQM) by 17.4% during the fourth quarter, according to its most recent 13F filing 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 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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