Chile’s S&P IPSA fell 0.34% to 10,563.88 on Friday May 22, the first session after the Navy Day holiday, with volumes described as relatively low. The index still gained 1.4% in pesos and 2% on a USD-adjusted basis for the week, ending a four-week losing streak. Copper stayed near $6.14/lb after Cochilco raised its 2026 forecast to $5.55/lb.
Earnest Partners LLC significantly increased its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 81.9% in Q3, owning over 1.9 million shares valued at $82.16 million. Other institutional investors like Bank of America and VanEck also boosted their positions, bringing total institutional ownership to 12.41%. Analysts maintain a "Moderate Buy" consensus for SQM with an average target price of $70.63, despite the company recently missing EPS estimates but showing a 23.3% year-over-year revenue increase and paying a special dividend.
Quadrant Capital Group LLC significantly increased its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 207.1% during the third quarter, now owning 49,235 shares valued at $2.12 million. Other institutional investors also adjusted their positions in the basic materials company. Analysts currently rate SQM as a "Moderate Buy" with a consensus target price of $70.63.