Today, Sociedad Quimica y Minera de Chile SA (SQM) Raised to “Hold” at The Zacks Investment Research

Today, Sociedad Quimica y Minera de Chile SA (SQM) Raised to “Hold” at The Zacks Investment Research

Sociedad Quimica y Minera de Chile SA (NYSE:SQM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

A number of other research firms have also recently commented on SQM. Deutsche Bank AG initiated coverage on Sociedad Quimica y Minera de Chile SA in a research report on Tuesday, November 15th. They set a “buy” rating and a $33.00 target price on the stock. BMO Capital Markets reiterated a “hold” rating on shares of Sociedad Quimica y Minera de Chile SA in a report on Monday. HSBC upgraded Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Wednesday, October 19th. TheStreet upgraded Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Finally, Scotiabank cut Sociedad Quimica y Minera de Chile SA from an “outperform” rating to a “sector perform” rating in a report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Sociedad Quimica y Minera de Chile SA presently has an average rating of “Hold” and an average price target 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 one year low of $14.31 and a one year high of $30.06. The stock has a 50 day moving average price of $28.19 and a 200 day moving average price of $25.65. The stock has a market capitalization of $7.37 billion, a P/E ratio of 35.59 and a beta of 1.14.

Several hedge funds and other institutional investors have recently modified their holdings of SQM. US Bancorp DE boosted its position in shares of 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 position in shares of 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 bought a new position in shares of Sociedad Quimica y Minera de Chile SA during the third quarter valued at $217,000. Advisory Services Network LLC bought a new position in shares of Sociedad Quimica y Minera de Chile SA during the second quarter valued at $247,000. Finally, Capital Fund Management S.A. bought a new position in shares of Sociedad Quimica y Minera de Chile SA during the third quarter valued at $264,000. Institutional investors and hedge funds own 18.88% of the company’s stock.

Sociedad Quimica y Minera de Chile SA Company Profile

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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Today, Sociedad Quimica y Minera de Chile SA (SQM) Raised to “Hold” at The Zacks Investment Research

Today, Sociedad Quimica y Minera de Chile SA (SQM) Raised to “Hold” at The Zacks Investment Research

Sociedad Quimica y Minera de Chile SA (NYSE:SQM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

A number of other research firms have also recently commented on SQM. Deutsche Bank AG initiated coverage on Sociedad Quimica y Minera de Chile SA in a research report on Tuesday, November 15th. They set a “buy” rating and a $33.00 target price on the stock. BMO Capital Markets reiterated a “hold” rating on shares of Sociedad Quimica y Minera de Chile SA in a report on Monday. HSBC upgraded Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Wednesday, October 19th. TheStreet upgraded Sociedad Quimica y Minera de Chile SA from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Finally, Scotiabank cut Sociedad Quimica y Minera de Chile SA from an “outperform” rating to a “sector perform” rating in a report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Sociedad Quimica y Minera de Chile SA presently has an average rating of “Hold” and an average price target 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 one year low of $14.31 and a one year high of $30.06. The stock has a 50 day moving average price of $28.19 and a 200 day moving average price of $25.65. The stock has a market capitalization of $7.37 billion, a P/E ratio of 35.59 and a beta of 1.14.

Several hedge funds and other institutional investors have recently modified their holdings of SQM. US Bancorp DE boosted its position in shares of 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 position in shares of 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 bought a new position in shares of Sociedad Quimica y Minera de Chile SA during the third quarter valued at $217,000. Advisory Services Network LLC bought a new position in shares of Sociedad Quimica y Minera de Chile SA during the second quarter valued at $247,000. Finally, Capital Fund Management S.A. bought a new position in shares of Sociedad Quimica y Minera de Chile SA during the third quarter valued at $264,000. Institutional investors and hedge funds own 18.88% of the company’s stock.

Sociedad Quimica y Minera de Chile SA Company Profile

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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