Potash Corp. of Saskatchewan (NYSE:POT) shares saw unusually-high trading volume on Thursday . Approximately 8,956,258 shares were traded during mid-day 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 subject of a number of research reports. Scotiabank reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of Potash Corp. of Saskatchewan in a research note on Friday, April 1st. Vetr raised Potash Corp. of Saskatchewan from a “hold” rating to a “buy” rating and set a $18.05 price objective for the company in a research note on Monday, April 4th. CIBC cut Potash Corp. of Saskatchewan from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, April 4th. Citigroup Inc. dropped their price objective on 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, Barclays PLC cut Potash Corp. of Saskatchewan from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $16.00 to $14.00 in a research note on Tuesday, April 19th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.95.

The firm has a market cap of $14.48 billion and a P/E ratio of 14.79. The stock has a 50-day moving average of $16.69 and a 200-day moving average of $16.76.

Potash Corp. of Saskatchewan (NYSE:POT) last posted its quarterly earnings data 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 business 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 firm posted $0.44 earnings per share. Potash Corp. of Saskatchewan’s revenue was down 27.4% compared to the same quarter last year. On average, equities analysts forecast that Potash Corp. of Saskatchewan will post $0.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 2nd. Shareholders of record on Tuesday, July 12th will be given a $0.25 dividend. The ex-dividend date is Friday, July 8th. This represents a $1.00 dividend on an annualized basis and a yield of 5.79%.

A number of institutional investors have recently bought and sold shares of POT. Atlantic Trust Group LLC boosted its position in Potash Corp. of Saskatchewan by 9.0% in the fourth quarter. Atlantic Trust Group LLC now owns 70,950 shares of the fertilizer maker’s stock worth $1,214,000 after buying an additional 5,880 shares during the last quarter. BOKF NA boosted its position in shares of Potash Corp. of Saskatchewan by 2.8% in the fourth quarter. BOKF NA now owns 71,347 shares of the fertilizer maker’s stock valued at $1,221,000 after buying an additional 1,926 shares during the last quarter. Pekin Singer Strauss Asset Management IL boosted its position in shares of Potash Corp. of Saskatchewan by 156.8% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 100,015 shares of the fertilizer maker’s stock valued at $1,712,000 after buying an additional 61,065 shares during the last quarter. Hamilton Point Investment Advisors LLC boosted its position in shares of 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 valued at $1,962,000 after buying an additional 36,255 shares during the last quarter. Finally, PARK CIRCLE Co bought a new position in shares of Potash Corp. of Saskatchewan during the fourth quarter valued at approximately $2,123,000.

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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