Todays Report: Today: Sociedad Quimica y Minera de Chile SA (SQM) Receives “Hold” Rating from BMO Capital Markets

Today: Sociedad Quimica y Minera de Chile SA (SQM) Receives “Hold” Rating from BMO Capital Markets

Sociedad Quimica y Minera de Chile SA (NYSE:SQM)‘s stock had its “hold” rating reissued by analysts at BMO Capital Markets in a research note issued on Monday.

Several other analysts have also issued reports on SQM. Zacks Investment Research lowered Sociedad Quimica y Minera de Chile SA from a “buy” rating to a “hold” rating in a report on Friday, August 26th. TheStreet upgraded Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. HSBC upgraded Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, October 19th. Deutsche Bank AG initiated coverage on Sociedad Quimica y Minera de Chile SA in a report on Tuesday, November 15th. They set a “buy” rating and a $33.00 target price on the stock. Finally, Scotiabank lowered Sociedad Quimica y Minera de Chile SA from an “outperform” rating to a “sector perform” rating in a report on Monday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.62.

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

A number of hedge funds have recently added to or reduced their stakes in SQM. TD Asset Management Inc. acquired a new stake in Sociedad Quimica y Minera de Chile SA during the second quarter valued at about $1,016,000. SG Americas Securities LLC raised its stake in Sociedad Quimica y Minera de Chile SA by 131.9% in the second quarter. SG Americas Securities LLC now owns 13,112 shares of the company’s stock valued at $324,000 after buying an additional 7,459 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Sociedad Quimica y Minera de Chile SA during the second quarter valued at about $10,163,000. Societe Generale acquired a new stake in Sociedad Quimica y Minera de Chile SA during the second quarter valued at about $324,000. Finally, Bank of New York Mellon Corp raised its stake in Sociedad Quimica y Minera de Chile SA by 44.4% in the second quarter. Bank of New York Mellon Corp now owns 72,819 shares of the company’s stock valued at $1,800,000 after buying an additional 22,381 shares in the last quarter. Hedge funds and other institutional investors own 18.88% of the company’s stock.

Sociedad Quimica y Minera de Chile SA Company Profile

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