Several analysts have recently updated their ratings and price targets for Sociedad Quimica y Minera de Chile (NYSE: SQM):

  • 3/19/2019 – Sociedad Quimica y Minera de Chile was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 3/13/2019 – Sociedad Quimica y Minera de Chile was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Sociedad Quimica Minera Chile SA produces fertilizer and iodine and manufactures industrial chemicals and iodine derivative products. The Company sells its products in over 60 countries throughout the world. “
  • 3/7/2019 – Sociedad Quimica y Minera de Chile was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating.
  • 3/5/2019 – Sociedad Quimica y Minera de Chile was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. They now have a $41.00 price target on the stock, down previously from $53.00.
  • 3/1/2019 – Sociedad Quimica y Minera de Chile was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $43.00 price target on the stock, down previously from $51.00.
  • 2/25/2019 – Sociedad Quimica y Minera de Chile was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating.
  • 2/13/2019 – Sociedad Quimica y Minera de Chile was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Sociedad Quimica Minera Chile SA produces fertilizer and iodine and manufactures industrial chemicals and iodine derivative products. The Company sells its products in over 60 countries throughout the world. “

SQM stock traded up $0.19 during trading on Monday, hitting $38.16. The stock had a trading volume of 5,051 shares, compared to its average volume of 1,028,180. The company has a current ratio of 4.32, a quick ratio of 2.67 and a debt-to-equity ratio of 0.62. Sociedad Quimica y Minera de Chile has a twelve month low of $36.57 and a twelve month high of $58.69. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.31 and a beta of 1.10.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SQM. Jennison Associates LLC increased its holdings in Sociedad Quimica y Minera de Chile by 1.9% in the 4th quarter. Jennison Associates LLC now owns 24,239 shares of the basic materials company’s stock valued at $928,000 after purchasing an additional 461 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Sociedad Quimica y Minera de Chile by 7.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,304 shares of the basic materials company’s stock worth $394,000 after acquiring an additional 681 shares in the last quarter. Krane Funds Advisors LLC grew its stake in shares of Sociedad Quimica y Minera de Chile by 7.9% in the third quarter. Krane Funds Advisors LLC now owns 10,858 shares of the basic materials company’s stock worth $496,000 after acquiring an additional 795 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Sociedad Quimica y Minera de Chile by 18.6% in the fourth quarter. Geode Capital Management LLC now owns 6,198 shares of the basic materials company’s stock worth $237,000 after acquiring an additional 970 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Sociedad Quimica y Minera de Chile in the fourth quarter worth $38,000. 11.09% of the stock is currently owned by institutional investors and hedge funds.

Sociedad QuĂ­mica y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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