What’s Propelling Sociedad Quimica y Minera de Chile (ADR) (SQM) to Increase So Much?

September 17, 2017 - By Marry Poplack

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 2.41 million 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.

Analysts await Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) to report earnings on November, 22. They expect $0.34 earnings per share, up 61.90 % or $0.13 from last year’s $0.21 per share. SQM’s profit will be $81.46 million for 42.69 P/E if the $0.34 EPS becomes a reality. After $0.38 actual earnings per share reported by Sociedad Quimica y Minera de Chile (ADR) for the previous quarter, Wall Street now forecasts -10.53 % negative EPS growth.

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 “Buy” rating by Bank of America on Wednesday, September 13. The firm earned “Hold” rating on Friday, August 28 by Zacks. The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) has “Hold” rating given on Tuesday, December 8 by Santander. The firm earned “Hold” rating on Thursday, August 24 by BMO Capital Markets. The stock of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) has “Neutral” rating given on Wednesday, January 25 by Citigroup. The firm has “Sell” rating given on Wednesday, July 13 by Citigroup. The rating was upgraded by Bank of America on Friday, December 18 to “Buy”. The firm has “Hold” rating given on Thursday, July 6 by BMO Capital Markets. The firm has “Market Perform” rating given on Tuesday, August 29 by BMO Capital Markets. HSBC upgraded Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) on Wednesday, October 19 to “Buy” rating.

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