Sociedad Quimica y Minera de Chile (ADR) (SQM) Rises A lot Today, Is Now One of The Best Performer

September 17, 2017 - By Louis Casey

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.

Analysts await Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) to report earnings on November, 22. They expect $0.34 EPS, up 61.90 % or $0.13 from last year’s $0.21 per share. SQM’s profit will be $81.46M for 42.69 P/E if the $0.34 EPS becomes a reality. After $0.38 actual EPS 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. HSBC downgraded Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) on Tuesday, November 17 to “Hold” rating. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, September 30 report. The firm has “Sell” rating given on Wednesday, July 13 by Citigroup. The firm earned “Buy” rating on Wednesday, September 13 by Bank of America. 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 earned “Hold” rating on Tuesday, December 8 by Santander. On Wednesday, January 25 the stock rating was upgraded by Citigroup to “Neutral”. The company was upgraded on Wednesday, October 19 by HSBC. BMO Capital Markets maintained Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) on Thursday, August 24 with “Hold” rating.

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