|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.58 - 20.03|
|52 Week Range||15.74 - 20.27|
|PE Ratio (TTM)||37.04|
|Forward Dividend & Yield||0.40 (2.00%)|
|1y Target Est||21.75|
Agrium's (AGU) performance mirrored PotashCorp's (POT) for most of 2017. AGU stock outperformed PotashCorp's 10% returns.
PotashCorp (POT) has had a weak 2017, with negative returns most of the year. However, the stock recovered toward the end of the year.
SASKATOON, Dec. 14, 2017 /CNW/ - Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.10 per share payable February 1, 2018 to shareholders of record December 29, 2017. PotashCorp is the world's largest crop nutrient company and plays an integral role in global food production. With global population rising and diets improving in developing countries, these nutrients offer a responsible and practical solution to meeting the long-term demand for food.
PotashCorp is the world's largest crop nutrient company and plays an integral role in global food production. PotashCorp is the largest producer, by capacity, of potash and one of the largest producers of nitrogen and phosphate. Common shares of Potash Corporation of Saskatchewan Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange.
Potash is a key agricultural fertilizer nutrient, which is why stabilizing demand and prices is good news for some potash stocks.
According to the EIA (U.S Energy Information Administration), natural gas prices were broadly mixed from November 29 to December 6, 2017.
Potash Corp of Saskatchewan Chief Executive Officer Jochen Tilk met on Thursday with authorities in Chile as the Canadian fertilizer company tries to divest its minority stake in Chilean lithium miner SQM ahead of its proposed merger with rival Agrium Inc. Tilk met with Eduardo Bitran, head of Chilean government development agency Corfo, which has been embroiled in a legal dispute over mining royalties with SQM since May 2014.
Last week ending December 1, MAP prices in Brazil rose 50 basis points week-over-week to $403 per metric ton from $401 per metric ton a week ago.
PotashCorp's (POT) CEO (chief executive officer) Jochen Tilk stated that the monsoon in India was quite good. India's fertilizer purchase appears to be driven by weather.
When we talk about nitrogen, China gets the most attention because of its large exports that have put downward pressure on prices in recent years.
Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK) and Potash Corporation of Saskatchewan Inc. (TSX:POT)(NYSE:POT) are two of Canada's commodity titans. Is one a better bet right now?
PotashCorp's (POT) CEO (chief executive officer) Jochen Tilk said potash prices for the company were 20% higher year-over-year, driven by higher affordability and tight supply.
On November 29, 2017, PotashCorp (POT) provided an update on its recent activities and an update on the fertilizer industry for all three NPK (nitrogen, phosphorous, and potassium) macronutrients.
Deere, CenturyLink, Mosaic, Sociedad Quimica y Minera de Chile S.A. and Intrepid Potash highlighted as Zacks Bull and Bear of the Day
The overall fundamentals for the fertilizer industry are improving on the back of improved demand scenario for major crop nutrients and an upswing in the farm economy.
According to Israel Chemicals' June 2017 6-K filings, India imported 3.8 million tons of potash in 2017, while China imported 6.8 million tons of potash.
PotashCorp owns 22% of Sinofert Holdings and appoints two of the seven board members. Sinochem is the largest owner of Sinofert Holdings with a 53% stake.
Potash has agreed to divest its 32 percent stake in SQM, as well as minority stakes in ICL Israel Chemicals and Arab Potash Co, to comply with regulators' concerns in China and India about its merger with Agrium Inc. "You can imagine the broad interest of potential bidders and actual bidders is coming from those who are interested in lithium as a metal and also producers of batteries or battery parts.
PotashCorp owns 14% of Israel Chemicals (ICL) and does not have any ICL board members. Israel Corporation holds the majority stake in Israel Chemicals.
PotashCorp owns 28% of Arab Potash and can appoint three of the latter's 12 board members. It can also reportedly appoint senior management positions.