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Berenberg Bank Sticks to Its Hold Rating for Sociedad Quimica Y Minera SA (SQM)

Tipranks - Tipranks - Wed Jun 10, 5:00AM CDT

In a report released today, Andres Castanos-Mollor from Berenberg Bank maintained a Hold rating on Sociedad Quimica Y Minera SA, with a price target of $66.00.

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In addition to Berenberg Bank, Sociedad Quimica Y Minera SA also received a Hold from J.P. Morgan’s Lucas Ferreira in a report issued on June 2. However, on May 27, Scotiabank maintained a Buy rating on Sociedad Quimica Y Minera SA (NYSE: SQM).

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Based on Sociedad Quimica Y Minera SA’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.76 billion and a net profit of $364.7 million. In comparison, last year the company earned a revenue of $1.04 billion and had a net profit of $137.53 million

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