Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) traded at a new 52-week high today of $81.97. So far today approximately 251,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.
Over the past year, Sociedad Quimica y Minera S.A. has traded in a range of $40.53 to $81.97 and is now at $79.90, 97% above that low.
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 also developing a hard rock lithium project in Australia.
Potential upside of 1.3% exists for Sociedad Quimica y Minera S.A., based on a current level of $79.90 and analysts’ average consensus price target of $80.94.
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