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Sociedad Quimica y Minera de Chile SA ADR B (SQM) stock has reached a new 52-week high, peaking at $51.03. This milestone comes amid a notable 27.86% increase in its stock price over the past year. The Chilean chemical company, known for its lithium production, has experienced steady growth, driven by robust demand in the electric vehicle sector and favorable market conditions. Investors have shown increased confidence in SQM’s ability to capitalize on the growing lithium market, propelling its shares to this new high.
In other recent news, Sociedad Quimica y Minera (SQM) reported impressive earnings for the second quarter of 2025, with earnings per share reaching $0.79, surpassing analysts’ expectations of $0.58. The company’s revenue also exceeded forecasts, coming in at $2.08 billion compared to the anticipated $1.08 billion. Despite these strong financial results, various analysts have expressed differing views on the company’s prospects. Jefferies downgraded SQM from Buy to Hold, citing concerns over lithium prices, while Rothschild Redburn initiated coverage with a Neutral rating, pointing to SQM’s exposure to Chilean lithium royalties. In contrast, Itau BBA resumed coverage with an Outperform rating, acknowledging potential volatility due to supply-side developments. BofA Securities raised its price target to $43.50, maintaining an Underperform rating but noting a shift in investor sentiment from bearish to bullish. These developments reflect a mix of optimism and caution among analysts regarding SQM’s future performance.
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