Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Sociedad Quimica y Minera de Chi (NYSE: SQM) weakened of late. SQM’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/1/24, Sociedad Quimica y Minera de Chi (NYSE: SQM) stock rose modestly by 0.3%, closing at $45.83. However, this advance was accompanied by unusually low trading volume at 53% of normal. The stock has risen 2.3% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SQM is expected to continue to be a major Value Builder.
Sociedad Quimica y Minera de Chi has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Sociedad Quimica y Minera de Chi has a good Appreciation Score of 82 but a very low Power Rating of 3, leading to the Negative Value Trend Rating.
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