Why Lithium Stock SQM Dropped 8.4% in November
Shares of specialty chemical company Sociedad Quimica y Minera de Chile (NYSE: SQM) or SQM, which is the world's second-largest lithium producer, declined 8.4% in November, according to data from S&P Global Market Intelligence.
For context, shares of the world's largest lithium producer, Albemarle, declined 4.6%, and the S&P 500 returned 3.1% in the month.
SQM stock has returned a scorching 95.9% so far in 2017, through Nov. 30, crushing the broader market's 20.5% return over this period.
Source: Fool.com
Sociedad Quimica y Minera de Chile SA ADR Stock
€62.60
2.960%
We see a rather positive sentiment for Sociedad Quimica y Minera de Chile SA ADR with 9 Buy predictions and 2 Sell predictions.
As a result the target price of 77 € shows a positive potential of 23.0% compared to the current price of 62.6 € for Sociedad Quimica y Minera de Chile SA ADR.
