5 Undervalued Lithium Stocks to Buy Now

3. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Latest P/E Ratio: 5.57

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is a Chilean company headquartered in Santiago de Chile, Chile. The firm was set up in 1968, and alongside lithium, it also provides plant nutrients, iodine, and other products. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)’s lithium operations are focused primarily in a desert in Northern Chile. The site is a money maker for the firm, having generated close to a billion dollars in revenue in 2021.

25 of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had bought Sociedad Química y Minera de Chile S.A. (NYSE:SQM)’s shares in Q4 2022. The firm’s largest investor is Israel Englander’s Millennium Management with a $138 million stake.

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