Sociedad Quimica y Minera de Chile (NYSE:SQM) has been given a $50.00 price target by equities research analysts at Scotiabank in a research note issued to investors on Tuesday. The firm presently has a “hold” rating on the basic materials company’s stock. Scotiabank’s price target would suggest a potential downside of 12.05% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Santander raised Sociedad Quimica y Minera de Chile from an “underperform” rating to a “hold” rating in a research report on Wednesday, September 13th. BMO Capital Markets reissued a “market perform” rating and issued a $45.00 price objective (up from $35.00) on shares of Sociedad Quimica y Minera de Chile in a research report on Tuesday, August 29th. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, August 23rd. ValuEngine cut Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Bank of America raised Sociedad Quimica y Minera de Chile from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $50.18.
Shares of Sociedad Quimica y Minera de Chile (NYSE SQM) traded up $4.18 during trading on Tuesday, reaching $56.85. The company’s stock had a trading volume of 3,315,200 shares, compared to its average volume of 985,170. The company has a market capitalization of $13,862.58, a PE ratio of 34.88, a P/E/G ratio of 0.98 and a beta of 1.01. The company has a quick ratio of 2.31, a current ratio of 3.79 and a debt-to-equity ratio of 0.45. Sociedad Quimica y Minera de Chile has a 52-week low of $27.51 and a 52-week high of $63.80.
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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.
