Potash Corp. of Saskatchewan (NYSE:POT)’s share price was up 3.8% during mid-day trading on Wednesday . The stock traded as high as $16.86 and last traded at $16.77, with a volume of 9,036,082 shares trading hands. The stock had previously closed at $16.15.

POT has been the subject of several recent research reports. Vetr upgraded shares of Potash Corp. of Saskatchewan from a “buy” rating to a “strong-buy” rating and set a $19.64 target price for the company in a research note on Tuesday. CIBC downgraded shares of Potash Corp. of Saskatchewan from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, April 4th. Barclays PLC downgraded shares of Potash Corp. of Saskatchewan from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $16.00 to $14.00 in a research note on Tuesday, April 19th. Citigroup Inc. decreased their target price on shares of Potash Corp. of Saskatchewan from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Finally, Cowen and Company downgraded shares of Potash Corp. of Saskatchewan from a “market perform” rating to an “underperform” rating and set a $14.00 target price for the company. in a research note on Thursday, April 14th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.95.

The stock has a market cap of $14.22 billion and a PE ratio of 14.529. The stock has a 50 day moving average price of $16.65 and a 200 day moving average price of $16.76.

Potash Corp. of Saskatchewan (NYSE:POT) last issued its quarterly earnings results on Thursday, April 28th. The fertilizer maker reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 27.4% on a year-over-year basis. Equities research analysts forecast that Potash Corp. of Saskatchewan will post $0.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 2nd. Stockholders of record on Tuesday, July 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date is Friday, July 8th.

Several hedge funds recently modified their holdings of POT. Midas Management Corp raised its stake in shares of Potash Corp. of Saskatchewan by 77.8% in the fourth quarter. Midas Management Corp now owns 80,000 shares of the fertilizer maker’s stock worth $1,370,000 after buying an additional 35,000 shares in the last quarter. State of Wisconsin Investment Board raised its stake in shares of Potash Corp. of Saskatchewan by 32.5% in the fourth quarter. State of Wisconsin Investment Board now owns 1,210,532 shares of the fertilizer maker’s stock worth $20,653,000 after buying an additional 297,000 shares in the last quarter. PARK CIRCLE Co bought a new stake in shares of Potash Corp. of Saskatchewan during the fourth quarter worth $2,123,000. Victory Capital Management Inc. raised its stake in shares of Potash Corp. of Saskatchewan by 53.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,296,835 shares of the fertilizer maker’s stock worth $56,442,000 after buying an additional 1,143,738 shares in the last quarter. Finally, Stevens Capital Management LP raised its stake in shares of Potash Corp. of Saskatchewan by 61.9% in the fourth quarter. Stevens Capital Management LP now owns 294,334 shares of the fertilizer maker’s stock worth $5,039,000 after buying an additional 112,566 shares in the last quarter.

Potash Corporation of Saskatchewan Inc is a fertilizer producer producing various primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. It owns and operates approximately five potash operations in Saskatchewan and one in New Brunswick.

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