5 Best Emerging Market Stocks to Buy Now

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

Number of Hedge Fund Holders: 29    

Sociedad Quimica y Minera de Chile S.A. (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. It is one of the top emerging market stocks to invest in. On October 13, the pharmaceutical diagnostic business of GE Healthcare unveiled a long term agreement with Sociedad Química y Minera de Chile to secure its supply of iodine and Computed Tomography procedures globally. 

On October 4, Citi analyst PJ Juvekar maintained a Buy rating on Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) stock and lowered the price target to $123 from $126, noting that the earnings estimates for the firm in 2023 remain below the Street and consensus estimates, and need to come down further.

At the end of the second quarter of 2022, 29 hedge funds in the database of Insider Monkey held stakes worth $658.6 million in Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM), compared to 28 the preceding quarter worth $493 million.