5 Best Lithium And Battery Stocks To Buy Now

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In this article, we will look at the 5 best lithium and battery stocks to buy now. If you want to explore similar stocks, you can go to 12 Best Lithium And Battery Stocks To Buy Now.

5. Sociedad Quimica y Minera (NYSE:SQM)

Number of Hedge Fund Holders: 25

Sociedad Quimica y Minera (NYSE:SQM) is a premier producer of battery-grade lithium. The stock is placed fifth on our list of the best lithium and battery stocks to buy now according to hedge funds. As of March 9, Sociedad Quimica y Minera (NYSE:SQM) has returned 4.87% to investors year to date.

On March 3, Sociedad Quimica y Minera (NYSE:SQM) posted market-beating earnings for the fourth quarter of fiscal 2022. The company reported an EPS of $4.03 and outperformed EPS estimates by $0.22. The company’s revenue for the quarter amounted to $3.13 billion, up 189% year over year and ahead of Wall Street estimates by $114.39 million.

As of January 10, Deutsche Bank analyst Corinne Blanchard has a $95 price target and Buy rating on Sociedad Quimica y Minera (NYSE:SQM).

Sociedad Quimica y Minera (NYSE:SQM) was spotted on 25 investors’ portfolios at the close of Q4 2022. These funds held collective positions worth $543.2 million in the company. As of December 31, Ken Griffin’s Citadel Investment Group is the largest shareholder in the company and has disclosed a position worth $94.2 million.

Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)

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