Stock Impressing Investors: Sociedad Quimica y Minera de Chile SA (NYSE:SQM)

Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) shares ended at $49.6 with 1.15 mln shares exchanging hands. Short shares grew from 1,984,077 to 2,400,053 over that period.

August 29 investment analysts at BMO Capital held the company rating at “Market Perform” and raised the price expectation to $45.00 from $30.00.

Several research analysts have commented on SQM shares. Deutsche Bank AG upped the price target on stocks of Sociedad Quimica y Minera from $36.00 to $38.00 and issued the shares a hold recommendation in a note on Mon, May 22nd.

A number of hedge funds have recently modified their holdings of the business. FMR LLC boosted its position in shares of Sociedad Quimica y Minera by 325.9% in the second quarter. For the past month, Sociedad Quimica y Minera de Chile S.A.’s stock has been 14.76%, 36.72% for the last quarter, 46.83% for the past six months and 76.79% for the past 52 weeks. Over the last five trading sessions, the stock has moved 3.22%. Vanguard Group Inc. now owns 1,330,104 shares of the basic materials company’s stock worth $43,920,000 after purchasing an additional 99,529 shares during the last quarter. Comerica Bank increased its stake in Sociedad Quimica y Minera by 1.3% during the 1st quarter. Pacad Investment Ltd. now owns 3,500 shares worth $116,000. Finally, Capstone Asset Management Co. increased its stake in Sociedad Quimica y Minera by 2.7% during the 2nd quarter. Shares saw a steep increase in trading volume of 69.89% over the normal average daily volume.

Sociedad Quimica y Minera de Chile (ADR) has PE ratio of 37.38 with a one year low of $24.75 and a one year high of $50.55 and has a market capitalization of $0. The 50 day moving average was up $5.20 or +12.02% whereas the 200 day average was up by +31.64%. The company has market cap of $13.00 billion. BidaskClub lifted shares of Sociedad Quimica y Minera from a sell recommendation to a hold recommendation in a note on Thurs, Jun 29th. crowd sourced stock rating company Vetr lifted shares of Sociedad Quimica y Minera from a buy recommendation to a strong-buy recommendation and fixed a $38.88 target price for The corporation in a note on Wed, May 3rd. The business had revenue of $505.70 million for the quarter, compared to the consensus estimate of $500.49 million. Sociedad Quimica y Minera’s yield is 89.92%.

Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM)’s EPS growth this year is 30.50% and the trailing 12-month EPS is $1.30.

The firm also recently disclosed a dividend, which will be paid on Thursday, September 14th. The dividend payment will be $0.193 per share for the quarter which comes to $0.77 on an annualized basis. The ex-dividend date is Thursday the 7th of September 2017. Price to sales ratio was 2.50 while 90.00% of stock was owned by Institutional investors. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of USA and global copyright & trademark laws. It has been assigned a low target price of $20 and a high target price of $25.

Sociedad Quimica y Minera (NYSE:SQM) previously released its fiscal periodic earnings information on early Wed, Aug 23rd. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals (including industrial nitrates and solar salts).

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