ValuEngine cut shares of Sociedad Quimica y Minera (NYSE:SQM) from a buy rating to a hold rating in a research note released on Friday morning.
Several other research firms have also commented on SQM. Bank of America upgraded shares of Sociedad Quimica y Minera from a neutral rating to a buy rating in a research report on Wednesday, September 13th. BMO Capital Markets reiterated a market perform rating and issued a $45.00 price target (up from $35.00) on shares of Sociedad Quimica y Minera in a research report on Tuesday, August 29th. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera from a hold rating to a buy rating and set a $64.00 target price on the stock in a research report on Saturday, November 18th. lowered shares of Sociedad Quimica y Minera from a buy rating to a reduce rating in a research report on Wednesday, October 11th. Finally, Santander upgraded shares of Sociedad Quimica y Minera from an underperform rating to a hold rating in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $50.22.
Sociedad Quimica y Minera (NYSE SQM) traded up $0.13 during mid-day trading on Friday, hitting $52.70. 242,731 shares of the stock traded hands, compared to its average volume of 1,300,000. The firm has a market capitalization of $14,120.00, a price-to-earnings ratio of 36.03, a PEG ratio of 1.01 and a beta of 1.01. Sociedad Quimica y Minera has a twelve month low of $26.68 and a twelve month high of $63.80. The company has a quick ratio of 2.31, a current ratio of 3.79 and a debt-to-equity ratio of 0.45.
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Sociedad Quimica y Minera 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.
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