Price Action To Observe: Sociedad Quimica y Minera de Chile (ADR)’s Stock Is Buy After Today’s Huge Increase

Price Action To Observe: Sociedad Quimica y Minera de Chile (ADR)'s Stock Is Buy After Today's Huge Increase

The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) is a huge mover today! The stock increased 3.31% or $0.89 on October 3, hitting $27.79. About 712,233 shares traded hands or 19.05% up from the average. Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) has risen 56.17% since February 29, 2016 and is uptrending. It has outperformed by 43.95% the S&P500.
The move comes after 9 months positive chart setup for the $7.64B company. It was reported on Oct, 4 by Barchart.com. We have $38.35 PT which if reached, will make NYSE:SQM worth $2.90 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. The company was downgraded on Wednesday, July 13 by Citigroup. On Friday, August 28 the stock rating was downgraded by Zacks to “Hold”. The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) earned “Hold” rating by HSBC on Tuesday, November 17. The firm has “Neutral” rating given on Wednesday, September 30 by JP Morgan. The rating was upgraded by Bank of America on Friday, December 18 to “Buy”. The rating was upgraded by Santander to “Hold” on Tuesday, December 8.

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 notable 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 with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 12, 2011, Reuters.com published: “BRIEF-Sociedad Quimica Y Minera De Chile SA reports Q2 net income $0.32 pe…” on August 25, 2016. More interesting news about Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) were released by: Benzinga.com and their article: “Mid-Morning Market Update: Markets Open Lower; Cal-Maine Posts Wider-Than …” published on September 26, 2016 as well as Fool.com‘s news article titled: “Why SQM’s Shares Plunged 32% Today” with publication date: March 18, 2015.

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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