BNP Paribas Financial Markets Purchases 20,616 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

BNP Paribas Financial Markets raised its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 15.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,048 shares of the basic materials company's stock after buying an additional 20,616 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of Sociedad Química y Minera de Chile worth $6,337,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Sociedad Química y Minera de Chile by 1,076.3% in the third quarter. FMR LLC now owns 18,726 shares of the basic materials company's stock valued at $781,000 after purchasing an additional 17,134 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Sociedad Química y Minera de Chile by 19.3% in the third quarter. The Manufacturers Life Insurance Company now owns 13,148 shares of the basic materials company's stock valued at $548,000 after acquiring an additional 2,128 shares during the period. Bank of Montreal Can grew its position in Sociedad Química y Minera de Chile by 19.7% in the third quarter. Bank of Montreal Can now owns 109,286 shares of the basic materials company's stock valued at $4,555,000 after acquiring an additional 18,001 shares during the period. Mirabella Financial Services LLP bought a new stake in Sociedad Química y Minera de Chile in the third quarter valued at $1,116,000. Finally, Banco Santander S.A. grew its position in Sociedad Química y Minera de Chile by 24.2% in the third quarter. Banco Santander S.A. now owns 18,270 shares of the basic materials company's stock valued at $761,000 after acquiring an additional 3,555 shares during the period. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Price Performance

Shares of NYSE SQM traded down $0.69 during mid-day trading on Tuesday, reaching $39.15. 1,045,701 shares of the company's stock were exchanged, compared to its average volume of 1,172,505. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile S.A. has a twelve month low of $32.24 and a twelve month high of $64.62. The business has a fifty day simple moving average of $39.71 and a 200 day simple moving average of $40.19.

Analysts Set New Price Targets

SQM has been the topic of a number of analyst reports. Jefferies Financial Group lowered their price target on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a "buy" rating on the stock in a research report on Monday, August 26th. Scotiabank decreased their price target on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a "sector outperform" rating on the stock in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft decreased their price target on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, November 21st. The Goldman Sachs Group raised Sociedad Química y Minera de Chile from a "neutral" rating to a "buy" rating in a research note on Friday, August 9th. Finally, Bank of America cut their target price on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an "underperform" rating on the stock in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Sociedad Química y Minera de Chile has a consensus rating of "Hold" and an average price target of $45.56.

Sociedad Química y Minera de Chile Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.