Sociedad Quimica y Minera de Chile SA (SQM) Sets New 1-Year High at $27.23
Shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) reached a new 52-week high on Thursday . The stock 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.
SQM has been the subject of several recent analyst reports. Scotiabank raised shares of Sociedad Quimica y Minera de Chile SA from a “sector perform” rating to an “outperform” rating in a report on Monday, June 6th. Zacks Investment Research raised shares of 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 report on Thursday, June 23rd. Bank of America Corp. reaffirmed a “hold” rating and set a $28.00 price objective on shares of Sociedad Quimica y Minera de Chile SA in a report on Tuesday, July 5th. Finally, Citigroup Inc. lowered shares of Sociedad Quimica y Minera de Chile SA from a “neutral” rating to a “sell” rating in a report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.89.
The company has a market cap of $6.88 billion and a price-to-earnings ratio of 33.23. The company’s 50 day moving average is $24.94 and its 200-day moving average is $21.75.
A hedge fund recently raised its stake in Sociedad Quimica y Minera de Chile SA stock. Schwab Charles Investment Management Inc. raised its position 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. The institutional investor 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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