Sociedad Quimica y Minera de Chile (NYSE:SQM) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat.com reports.

A number of other equities research analysts have also commented on SQM. BMO Capital Markets reissued a “market perform” rating and set a $50.00 price objective (up previously from $45.00) on shares of Sociedad Quimica y Minera de Chile in a report on Friday, October 6th. lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “reduce” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Saturday, November 18th. ValuEngine lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Scotiabank set a $50.00 target price on shares of Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Sociedad Quimica y Minera de Chile currently has an average rating of “Buy” and a consensus price target of $58.58.

Shares of Sociedad Quimica y Minera de Chile (NYSE SQM) traded down $2.09 during trading hours on Wednesday, reaching $56.93. 1,988,696 shares of the company’s stock were exchanged, compared to its average volume of 1,388,075. Sociedad Quimica y Minera de Chile has a 12-month low of $30.82 and a 12-month high of $64.20. The company has a current ratio of 3.79, a quick ratio of 2.31 and a debt-to-equity ratio of 0.45. The company has a market cap of $15,030.00, a price-to-earnings ratio of 37.70, a P/E/G ratio of 0.93 and a beta of 1.00.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Wednesday, November 22nd. The basic materials company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Sociedad Quimica y Minera de Chile had a net margin of 18.52% and a return on equity of 17.58%. analysts expect that Sociedad Quimica y Minera de Chile will post 1.64 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of SQM. Global X MANAGEMENT CO LLC boosted its stake in shares of Sociedad Quimica y Minera de Chile by 135.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,279,880 shares of the basic materials company’s stock valued at $126,898,000 after purchasing an additional 1,311,641 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in Sociedad Quimica y Minera de Chile during the 2nd quarter worth approximately $36,635,000. Goldman Sachs Group Inc. boosted its stake in Sociedad Quimica y Minera de Chile by 31.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,298,535 shares of the basic materials company’s stock worth $42,877,000 after acquiring an additional 313,786 shares during the last quarter. American Century Companies Inc. bought a new position in Sociedad Quimica y Minera de Chile during the 3rd quarter worth approximately $13,601,000. Finally, Bank of New York Mellon Corp boosted its stake in Sociedad Quimica y Minera de Chile by 75.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 561,964 shares of the basic materials company’s stock worth $31,278,000 after acquiring an additional 241,114 shares during the last quarter. 11.93% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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