Sociedad Quimica y Minera de Chile (ADR) (SQM)’s Stock Is Buy After Today’s Big Increase

September 17, 2017 - By Dolores Ford

The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) is a huge mover today! The stock increased 4.88% or $2.7 on September 15, reaching $58.06. About 2.41M shares traded or 136.27% up from the average. Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) has risen 69.80% since September 17, 2016 and is uptrending. It has outperformed by 53.10% the S&P500.
The move comes after 9 months positive chart setup for the $13.91B company. It was reported on Sep, 17 by Barchart.com. We have $62.12 PT which if reached, will make NYSE:SQM worth $973.70 million more.

Investors wait Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) to report on November, 22. its quarterly earnings Wall Street analysts expect $0.34 EPS, up $0.13 or 61.90 % from last year’s $0.21 same quarter earnings. This translates into $81.46M profit for SQM giving the stock a 42.69 P/E. This is assuming the current $0.34 EPS is accurate. Sociedad Quimica y Minera de Chile (ADR)’s Wall Street analysts see -10.53 % negative EPS growth, taking into account the $0.38 EPS reproted in the previous quarter,

Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) Ratings Coverage

Among 7 analysts covering Sociedad Quimica y Minera de Chile (NYSE:SQM), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Sociedad Quimica y Minera de Chile had 18 analyst reports since August 28, 2015 according to SRatingsIntel. The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) earned “Hold” rating by BMO Capital Markets on Thursday, August 24. On Wednesday, January 25 the stock rating was upgraded by Citigroup to “Neutral”. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, September 30 report. The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) has “Hold” rating given on Tuesday, December 8 by Santander. BMO Capital Markets maintained Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) on Thursday, July 6 with “Hold” rating. The firm has “Hold” rating by Zacks given on Friday, August 28. The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) has “Buy” rating given on Wednesday, October 19 by HSBC. The firm has “Hold” rating by HSBC given on Tuesday, November 17. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, August 29. Bank of America upgraded Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) on Friday, December 18 to “Buy” rating.

More recent Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) news were published by: Midasletter.com which released: “Lithium Americas Corp’s David Deak on Sociedad Quimica y Minera de Chile (NYSE …” on February 21, 2017. Also Marketwatch.com published the news titled: “58.10” on December 21, 2009. Quotes.Wsj.com‘s news article titled: “Sociedad Quimica y Minera De Chile SA ADR” with publication date: February 12, 2011 was also an interesting one.

Sociedad Quimica y Minera de Chile S.A. , is a producer of potassium nitrate and iodine. The company has market cap of $13.91 billion. The Firm produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. It has a 44.8 P/E ratio. 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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