Shares of Potash Corp. of Saskatchewan (NYSE:POT) saw unusually-high trading volume on Thursday . Approximately 8,956,258 shares were traded during trading, a decline of 16% from the previous session’s volume of 10,610,422 shares.The stock last traded at $17.28 and had previously closed at $16.87.

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

The firm has a 50 day moving average price of $16.68 and a 200 day moving average price of $16.77. The firm has a market capitalization of $14.45 billion and a price-to-earnings ratio of 14.76.

Potash Corp. of Saskatchewan (NYSE:POT) last posted its earnings results on Thursday, April 28th. The fertilizer maker reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.07. During the same period last year, the firm posted $0.44 EPS. The company earned $1.21 billion during the quarter, compared to analyst estimates of $1.16 billion. The firm’s quarterly revenue was down 27.4% compared to the same quarter last year. Analysts anticipate that Potash Corp. of Saskatchewan will post $0.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 2nd. Stockholders of record on Tuesday, July 12th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Friday, July 8th.

Other institutional investors have recently bought and sold shares of the company. Noesis Capital Mangement Corp boosted its position in Potash Corp. of Saskatchewan by 32.2% in the fourth quarter. Noesis Capital Mangement Corp now owns 93,882 shares of the fertilizer maker’s stock worth $1,607,000 after buying an additional 22,884 shares during the last quarter. State of Wisconsin Investment Board boosted its position in 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 during the last quarter. Hamilton Point Investment Advisors LLC boosted its position in Potash Corp. of Saskatchewan by 46.3% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 114,593 shares of the fertilizer maker’s stock worth $1,962,000 after buying an additional 36,255 shares during the last quarter. PARK CIRCLE Co purchased a new position in Potash Corp. of Saskatchewan during the fourth quarter worth about $2,123,000. Finally, GAM Holding AG boosted its position in Potash Corp. of Saskatchewan by 103.0% in the fourth quarter. GAM Holding AG now owns 304,535 shares of the fertilizer maker’s stock worth $5,213,000 after buying an additional 154,535 shares during 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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