Sociedad Quimica y Minera de Chile (NYSE:SQM) has received an average recommendation of “Hold” from the nine ratings firms that are covering the stock. Six analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.58.

A number of research firms recently commented on SQM. Deutsche Bank AG cut Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research note on Monday, April 17th. BMO Capital Markets reissued a “hold” rating and issued a $30.00 target price on shares of Sociedad Quimica y Minera de Chile in a research note on Thursday. Zacks Investment Research cut Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. Citigroup Inc raised Sociedad Quimica y Minera de Chile from a “sell” rating to a “neutral” rating in a research note on Wednesday, January 25th. Finally, Vetr raised Sociedad Quimica y Minera de Chile from a “buy” rating to a “strong-buy” rating and set a $38.88 target price on the stock in a research note on Wednesday, May 3rd.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SQM. Invictus RG boosted its position in Sociedad Quimica y Minera de Chile by 164.1% in the first quarter. Invictus RG now owns 3,072 shares of the basic materials company’s stock worth $106,000 after buying an additional 1,909 shares in the last quarter. Financial Architects Inc boosted its position in Sociedad Quimica y Minera de Chile by 18,723.8% in the first quarter. Financial Architects Inc now owns 3,953 shares of the basic materials company’s stock worth $136,000 after buying an additional 3,932 shares in the last quarter. Quantbot Technologies LP purchased a new position in Sociedad Quimica y Minera de Chile during the first quarter worth approximately $136,000. Dumac Inc. purchased a new position in Sociedad Quimica y Minera de Chile during the fourth quarter worth approximately $149,000. Finally, Tower Research Capital LLC TRC boosted its position in Sociedad Quimica y Minera de Chile by 2,557.6% in the first quarter. Tower Research Capital LLC TRC now owns 4,385 shares of the basic materials company’s stock worth $151,000 after buying an additional 4,220 shares in the last quarter. 18.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) traded up 3.65% during midday trading on Friday, reaching $35.81. The company had a trading volume of 1,344,417 shares. Sociedad Quimica y Minera de Chile has a one year low of $20.92 and a one year high of $37.24. The company has a market capitalization of $9.48 billion, a PE ratio of 29.14 and a beta of 1.10. The company has a 50 day moving average of $35.21 and a 200 day moving average of $31.96.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its earnings results on Wednesday, March 1st. The basic materials company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. The business had revenue of $553.80 million for the quarter, compared to analysts’ expectations of $480.35 million. Sociedad Quimica y Minera de Chile had a return on equity of 10.19% and a net margin of 13.47%. Analysts predict that Sociedad Quimica y Minera de Chile will post $1.44 EPS for the current fiscal year.

Sociedad Quimica y Minera de Chile 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.

5 Day Chart for NYSE:SQM

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