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Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) was downgraded by stock analysts at Credit Suisse from a “neutral” rating to an “underperform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $27.00 price target on the stock, down from their previous price target of $34.00. Credit Suisse’s price target would suggest a potential downside of 6.67% from the stock’s previous close.

A number of other firms have also recently commented on SQM. Analysts at Zacks downgraded shares of Sociedad Quimica y Minera de Chile (ADR) from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $28.90 price target on the stock. Separately, analysts at HSBC downgraded shares of Sociedad Quimica y Minera de Chile (ADR) from a “neutral” rating to an “underweight” rating in a research note on Monday, April 28th. Finally, analysts at Bank of America raised their price target on shares of Sociedad Quimica y Minera de Chile (ADR) from $25.00 to $34.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.11.

Sociedad Quimica y Minera de Chile (NYSE:SQM) traded down 5.46% during mid-day trading on Wednesday, hitting $28.93. The stock had a trading volume of 1,785,541 shares. Sociedad Quimica y Minera de Chile has a one year low of $22.50 and a one year high of $48.67. The stock has a 50-day moving average of $30.99 and a 200-day moving average of $27.99. The company has a market cap of $7.614 billion and a price-to-earnings ratio of 17.24.

Sociedad Quimica y Minera de Chile SA (NYSE:SQM) is a Chile-based company engaged in the production of specialty plant nutrients and chemicals commodities.

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