|Day's Range||16.79 - 17.10|
|52 Week Range||15.21 - 20.27|
|PE Ratio (TTM)||35.91|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||18.91|
Germany's K+S AG will crack into the U.S. fertilizer market this spring when it opens the first new western Canadian potash mine in nearly five decades. The U.S. market for potash - a key type of fertilizer used to grow corn and wheat - is already dominated by Potash Corp of Saskatchewan, Agrium Inc and Mosaic. Not only do these market leaders have an ample supply of potash, they also boast a string of warehouses built strategically across the Midwest where they can quickly distribute their product to U.S. farmers, who have a narrow window every spring to fertilize.
In 1Q17, PotashCorp saw a jump in its Potash segment's shipments on a year-over-year basis.
In 1Q17, PotashCorp's sales fell ~8% YoY to $1.1 billion, as compared to $1.2 billion in 1Q16.