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Sociedad Quimica y Minera de Chile (NYSE:SQM) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Analyst RN reports. The firm currently has a $29.20 target price on the stock. Zacks‘ price objective would suggest a potential upside of 2.42% from the company’s current price.

Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) traded down 3.23% during mid-day trading on Tuesday, hitting $27.59. 760,314 shares of the company’s stock traded hands. Sociedad Quimica y Minera de Chile has a one year low of $22.50 and a one year high of $58.79. The stock’s 50-day moving average is $24.92 and its 200-day moving average is $28.94. The company has a market cap of $7.262 billion and a price-to-earnings ratio of 13.90.

Separately, analysts at HSBC upgraded shares of Sociedad Quimica y Minera de Chile from an “underweight” rating to a “neutral” rating in a research note to investors on Monday, November 4th. They now have a $31.00 price target on the stock, up previously from $26.00. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Sociedad Quimica y Minera de Chile presently has an average rating of “Hold” and a consensus price target of $29.37.

Sociedad Quimica y Minera de Chile SA (NYSE:SQM) is a Chilean producer of specialty plant nutrients and chemicals.

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