Sociedad Quimica y Minera S.A. (SQM) : 3 analysts are covering Sociedad Quimica y Minera S.A. (SQM) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sociedad Quimica y Minera S.A. (SQM) : The highest level Sociedad Quimica y Minera S.A. (SQM) is projected to reach is $28 for the short term and the lowest estimate is at $19. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $24.18 and the possibility the share price can swing is $3.99.
Also, Citigroup downgrades their rating on the shares of Sociedad Quimica y Minera S.A. (NYSE:SQM). The current rating of the shares is Sell. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 13, 2016.
Sociedad Quimica y Minera S.A. (NYSE:SQM): The stock opened in the green at $25.78 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $26.045 and a low of $25.51 for the day. The stock did not find buyers even at the lows and closed at $25.59 recording a loss of -0.78%. 487,344 shares exchanged hands during the trading day. The stock had closed at $25.79 in the previous days trading.
Sociedad Quimica y Minera de Chile S.A. (SQM) is a producer of potassium nitrate and iodine chemicals. The Company operates in six segments: specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. It produces four types of specialty plant nutrients: potassium nitrate, sodium nitrate, sodium potassium nitrate and specialty blends. It produces iodine and iodine derivatives, which are used in a range of medical, pharmaceutical, agricultural and industrial applications. It is also a producer of lithium carbonate, which is used in a range of applications. SQM produces potassium chloride and potassium sulfate from brines extracted from the Salar de Atacama. It produces four industrial chemicals: sodium nitrate, potassium nitrate, boric acid and potassium chloride. In addition, it sells other fertilizers and blends, some of which it does not produce.