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New Buy Rating for Sociedad Quimica Y Minera SA (SQM), the Basic Materials Giant

Tipranks - Tipranks - Wed Jun 10, 8:12AM CDT

In a report released today, Ben Isaacson from Scotiabank maintained a Buy rating on Sociedad Quimica Y Minera SA, with a price target of $105.00.

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According to TipRanks, Isaacson is a 4-star analyst with an average return of 7.0% and a 47.73% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Methanex, and Mosaic Co.

Sociedad Quimica Y Minera SA has an analyst consensus of Hold, with a price target consensus of $84.50.

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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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