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Analysts Offer Insights on Materials Companies: Sociedad Quimica Y Minera SA (SQM) and Vale SA (VALE)

Tipranks - Fri Mar 13, 9:54AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Sociedad Quimica Y Minera SA (SQMResearch Report) and Vale SA (VALEResearch Report) with bullish sentiments.

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Sociedad Quimica Y Minera SA (SQM)

Deutsche Bank analyst Corinne Blanchard reiterated a Buy rating on Sociedad Quimica Y Minera SA today and set a price target of $87.00. The company’s shares closed last Thursday at $75.39.

According to TipRanks.com, Blanchard has 0 stars on 0-5 stars ranking scale with an average return of -9.1% and a 33.0% success rate. Blanchard covers the Basic Materials sector, focusing on stocks such as Lithium Argentina, MP Materials, and Constellium. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sociedad Quimica Y Minera SA with a $86.17 average price target, representing a 14.0% upside. In a report issued on March 4, TipRanks – PerPlexity also upgraded the stock to Buy with a $76.00 price target.

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Vale SA (VALE)

In a report issued on March 10, Marcio Farid from Goldman Sachs maintained a Buy rating on Vale SA, with a price target of $18.00. The company’s shares closed last Thursday at $14.96.

According to TipRanks.com, Farid is a 5-star analyst with an average return of 39.6% and a 62.9% success rate. Farid covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Southern Copper, and Aura Minerals. ;'>

Currently, the analyst consensus on Vale SA is a Moderate Buy with an average price target of $17.10, representing a 12.6% upside. In a report issued on February 27, RBC Capital also maintained a Buy rating on the stock with a $14.50 price target.

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