JP Morgan Maintains Overweight Rating for Sociedad Quimica Y Minera: Here's What You Need To Know

JP Morgan has decided to maintain its Overweight rating of Sociedad Quimica Y Minera SQM and lower its price target from $75.00 to $64.00.

Shares of Sociedad Quimica Y Minera are trading down 0.12% over the last 24 hours, at $50.19 per share.

A move to $64.00 would account for a 27.52% increase from the current share price.

About Sociedad Quimica Y Minera

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality caliche ore and salt brine deposits. SQM is developing a hard rock lithium project in Australia with plans to acquire a second hard rock project there.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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