Sociedad Química y Minera de Chile S.A. (NYSE:SQM – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $38.69 and traded as high as $39.05. Sociedad Química y Minera de Chile shares last traded at $38.91, with a volume of 543,857 shares.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on SQM. JPMorgan Chase & Co. cut shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $55.00 to $44.00 in a research report on Friday, October 11th. Scotiabank decreased their price target on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Finally, StockNews.com raised Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $45.56.
Get Our Latest Stock Analysis on SQM
Sociedad Química y Minera de Chile Price Performance
Institutional Investors Weigh In On Sociedad Química y Minera de Chile
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. abrdn plc boosted its holdings in Sociedad Química y Minera de Chile by 2.7% during the 3rd quarter. abrdn plc now owns 1,204,942 shares of the basic materials company’s stock worth $49,668,000 after acquiring an additional 31,955 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Sociedad Química y Minera de Chile by 2.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 887,342 shares of the basic materials company’s stock valued at $36,984,000 after purchasing an additional 24,999 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Sociedad Química y Minera de Chile by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock worth $19,921,000 after purchasing an additional 13,756 shares during the last quarter. Sei Investments Co. grew its position in Sociedad Química y Minera de Chile by 4.9% in the 2nd quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company’s stock worth $17,050,000 after purchasing an additional 19,649 shares in the last quarter. Finally, State Street Corp increased its stake in Sociedad Química y Minera de Chile by 8.9% in the 3rd quarter. State Street Corp now owns 265,545 shares of the basic materials company’s stock valued at $11,068,000 after buying an additional 21,778 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.
About Sociedad Química y Minera de Chile
Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.
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