The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) is a huge mover today! About 500,089 shares traded hands or 10.08% up from the average. Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) has risen 41.07% since March 16, 2016 and is uptrending. It has outperformed by 35.52% the S&P500.
The move comes after 5 months positive chart setup for the $8.46B company. It was reported on Oct, 19 by Barchart.com. We have $41.80 PT which if reached, will make NYSE:SQM worth $3.81 billion more.
Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) Ratings Coverage
Out of 5 analysts covering Sociedad Quimica y Minera de Chile (NYSE:SQM), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Sociedad Quimica y Minera de Chile has been the topic of 10 analyst reports since August 28, 2015 according to StockzIntelligence Inc. Bank of America upgraded the stock to “Buy” rating in Friday, December 18 report. The rating was downgraded by Citigroup to “Sell” on Wednesday, July 13. The stock has “Neutral” rating given by JP Morgan on Wednesday, September 30. HSBC downgraded the stock to “Hold” rating in Tuesday, November 17 report. The rating was upgraded by Santander on Tuesday, December 8 to “Hold”. The firm has “Hold” rating given on Friday, August 28 by Zacks.
According to Zacks Investment Research, “Sociedad Quimica Minera Chile SA produces fertilizer and iodine and manufactures industrial chemicals and iodine derivative products. The Company sells its products in over 60 countries throughout the world.”
More recent Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) news were published by: Marketwatch.com which released: “Sociedad Quimica y Minera De Chile SA ADR” on December 21, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. Investorplace.com‘s news article titled: “3 Chemicals Stocks to Buy Now” with publication date: October 14, 2016 was also an interesting one.
SQM Company Profile
Sociedad Quimica y Minera de Chile S.A. (SQM), incorporated on June 29, 1968, is a producer of potassium nitrate and iodine. The Firm produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals (including industrial nitrates and solar salts). The Company’s divisions include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other services and products.
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