Potash Corp. of Saskatchewan (NYSE:POT) traded down 6.9% during trading on Thursday . The company traded as low as $15.84 and last traded at $15.96, with a volume of 22,316,091 shares traded. The stock had previously closed at $17.15.

A number of equities research analysts have commented on the stock. Vetr raised 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 report on Tuesday, July 12th. Citigroup Inc. cut their price objective on shares of Potash Corp. of Saskatchewan from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Barclays PLC reissued an “underweight” rating and set a $14.00 price objective on shares of Potash Corp. of Saskatchewan in a research report on Saturday, June 25th. Morgan Stanley reissued a “hold” rating and set a $19.00 price objective on shares of Potash Corp. of Saskatchewan in a research report on Thursday, June 16th. Finally, Stifel Nicolaus downgraded shares of Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Potash Corp. of Saskatchewan presently has an average rating of “Hold” and a consensus target price of $18.95.

The stock has a market cap of $13.35 billion and a P/E ratio of 13.63. The company’s 50-day moving average is $16.69 and its 200 day moving average is $16.78.

Potash Corp. of Saskatchewan (NYSE:POT) last released its quarterly earnings results on Thursday, July 28th. The fertilizer maker reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. During the same quarter in the prior year, the business posted $0.50 EPS. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.18 billion. The firm’s quarterly revenue was down 39.2% compared to the same quarter last year. Analysts predict that Potash Corp. of Saskatchewan will post $0.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 2nd. Stockholders 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 annualized dividend and a dividend yield of 6.29%.

Other hedge funds recently made changes to their positions in the company. 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 valued at $56,442,000 after buying an additional 1,143,738 shares during the period. BOKF NA raised its stake 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 period. Morgan Stanley raised its stake in shares of Potash Corp. of Saskatchewan by 37.0% in the fourth quarter. Morgan Stanley now owns 4,687,112 shares of the fertilizer maker’s stock valued at $80,243,000 after buying an additional 1,264,985 shares during the period. Schroder Investment Management Group raised its stake in shares of Potash Corp. of Saskatchewan by 0.8% in the fourth quarter. Schroder Investment Management Group now owns 4,116,365 shares of the fertilizer maker’s stock valued at $97,558,000 after buying an additional 34,581 shares during the period. Finally, Pekin Singer Strauss Asset Management IL raised its stake 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 period.

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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