5 Best Lithium Stocks To Buy Now

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

Number of Hedge Fund Holders: 24

Chemical & Mining Co Of Chile Inc (NYSE:SQM) produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. This March, the company reported market-beating earnings for the fiscal fourth quarter of 2021. Chemical & Mining Co Of Chile Inc (NYSE:SQM) generated revenues of $1.08 billion, up 111.04% year over year, and beat estimates by $114.17 million. The company registered an EPS of $1.13, and beat EPS estimates by $0.20.

As of April 26, 2022, Chemical & Mining Co Of Chile Inc (NYSE:SQM) has gained 30.31% over the past twelve months, has a trailing twelve-month dividend yield of 2.63%, and also appears to be undervalued, with a forward price-to-earnings ratio of 12.40.

Chemical & Mining Co Of Chile Inc (NYSE:SQM) is becoming a prominent name in the lithium sector and is attracting bullish views from analysts and investors alike. On April 4, Deutsche Bank analyst Corinne Blanchard raised her price target on Chemical & Mining Co Of Chile Inc (NYSE:SQM) to $98 from $91 and maintained a Buy rating on the shares.

Insider Monkey found Chemical & Mining Co Of Chile Inc (NYSE:SQM) present on 24 hedge fund portfolios at the close of Q4 2021. The total stakes of these funds came to $294.26 million, up from $211.67 million in the prior quarter with 26 positions.

Marshall Wace LLP upped its Q3 stakes in Chemical & Mining Co Of Chile Inc (NYSE:SQM) by 2945% in the fourth quarter of 2021. The fund’s stakes in the company were valued at $89.36 million at the end of last December, making it the most prominent shareholder in Chemical & Mining Co Of Chile Inc (NYSE:SQM).