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