NEW YORK (

TheStreet

) --

Sociedad Quimica Y Minera De Chile

(NYSE:

SQM

) hit a new 52-week high Friday as it is currently trading at $60.53, above its previous 52-week high of $60.33 with 412,535 shares traded as of 3:37 p.m. ET. Average volume has been 485,800 shares over the past 30 days.

Sociedad Quimica Y Minera De Chile has a market cap of $15.3 billion and is part of the

basic materials

sector and

chemicals

industry. Shares are down 0.9% year to date as of the close of trading on Thursday.

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Chemical & Mining Co. of Chile Inc. engages in the production and sale of fertilizers and specialty chemicals in Chile and internationally. The company has a P/E ratio of 44, above the average chemicals industry P/E ratio of 40 and above the S&P 500 P/E ratio of 17.

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TheStreet Ratings rates Sociedad Quimica Y Minera De Chile as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Sociedad Quimica Y Minera De Chile Ratings Report

.

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