Today: Today, Sociedad Quimica y Minera de Chile SA (SQM) Now Covered by BMO Capital Markets

Today, Sociedad Quimica y Minera de Chile SA (SQM) Now Covered by BMO Capital Markets

Investment analysts at BMO Capital Markets initiated coverage on shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) in a research report issued on Tuesday. The brokerage set a “market perform” rating and a $30.00 price target on the stock. BMO Capital Markets’ price target would suggest a potential upside of 7.10% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. HSBC upgraded shares of Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Wednesday, October 19th. Zacks Investment Research downgraded shares of Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “strong sell” rating in a report on Friday, September 30th. TheStreet upgraded shares of Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Finally, Citigroup Inc. downgraded shares of Sociedad Quimica y Minera de Chile SA from a “neutral” rating to a “sell” rating in a report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $28.62.

Shares of Sociedad Quimica y Minera de Chile SA (NYSE:SQM) opened at 28.01 on Tuesday. Sociedad Quimica y Minera de Chile SA has a 52 week low of $14.31 and a 52 week high of $30.06. The stock has a market capitalization of $7.37 billion, a P/E ratio of 35.59 and a beta of 1.14. The company’s 50-day moving average is $28.17 and its 200 day moving average is $25.53.

Several large investors have recently added to or reduced their stakes in SQM. US Bancorp DE boosted its stake in Sociedad Quimica y Minera de Chile SA by 272.6% in the second quarter. US Bancorp DE now owns 4,784 shares of the company’s stock valued at $119,000 after buying an additional 3,500 shares in the last quarter. Nordea Investment Management AB boosted its stake in Sociedad Quimica y Minera de Chile SA by 69.0% in the second quarter. Nordea Investment Management AB now owns 6,522 shares of the company’s stock valued at $161,000 after buying an additional 2,663 shares in the last quarter. World Asset Management Inc purchased a new stake in Sociedad Quimica y Minera de Chile SA during the third quarter valued at about $217,000. Capital Fund Management S.A. purchased a new stake in Sociedad Quimica y Minera de Chile SA during the third quarter valued at about $264,000. Finally, Profund Advisors LLC purchased a new stake in Sociedad Quimica y Minera de Chile SA during the third quarter valued at about $264,000. 19.80% of the stock is currently owned by institutional investors.

Sociedad Quimica y Minera de Chile SA Company Profile

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