Sociedad Química y Minera de Chile S.A (SQM Quick QuoteSQM - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $50.20 –$57.33 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after Conservative former President Sebastian Pinera won the election in Chile.

The company has seen one positive estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Sociedad Química. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Sociedad Quimica y Minera S.A. Price

Sociedad Quimica y Minera S.A. Price | Sociedad Quimica y Minera S.A. Quote

Sociedad Química currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another stock worth considering in the Basic Materials  sector is The Mosaic Company (MOS Quick QuoteMOS - Free Report) which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

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