Potash Corp. of Saskatchewan (NYSE:POT) shares saw strong trading volume on Friday . 17,292,569 shares traded hands during mid-day trading, an increase of 57% from the previous session’s volume of 11,001,761 shares.The stock last traded at $15.44 and had previously closed at $15.91.

A number of equities research analysts have commented on the company. Vetr raised Potash Corp. of Saskatchewan from a “sell” rating to a “hold” rating and set a $16.08 target price for the company in a report on Monday, May 30th. Stifel Nicolaus downgraded Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Credit Suisse Group AG reissued a “sell” rating and issued a $11.00 target price on shares of Potash Corp. of Saskatchewan in a report on Friday. JPMorgan Chase & Co. reduced their target price on Potash Corp. of Saskatchewan from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday. Finally, Vertical Research downgraded Potash Corp. of Saskatchewan from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.81.

The stock has a market capitalization of $13.09 billion and a P/E ratio of 13.37. The stock’s 50 day moving average is $16.64 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 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.18. The company earned $1.05 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $0.50 EPS. The company’s revenue for the quarter was down 39.2% compared to the same quarter last year. On average, analysts forecast that Potash Corp. of Saskatchewan will post $0.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 2nd. Investors of record on Tuesday, July 12th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.41%.

Several institutional investors recently added to or reduced their stakes in the stock. Morningstar Investment Services LLC raised its position in Potash Corp. of Saskatchewan by 11.3% in the fourth quarter. Morningstar Investment Services LLC now owns 247,424 shares of the fertilizer maker’s stock worth $4,236,000 after buying an additional 25,140 shares during the period. Dimensional Fund Advisors LP raised its position in Potash Corp. of Saskatchewan by 75.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 744,493 shares of the fertilizer maker’s stock worth $12,746,000 after buying an additional 320,493 shares during the period. Birch Hill Investment Advisors LLC raised its position in Potash Corp. of Saskatchewan by 21.4% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 172,075 shares of the fertilizer maker’s stock worth $2,946,000 after buying an additional 30,300 shares during the period. Trexquant Investment LP raised its position in Potash Corp. of Saskatchewan by 698.2% in the fourth quarter. Trexquant Investment LP now owns 216,300 shares of the fertilizer maker’s stock worth $3,703,000 after buying an additional 189,200 shares during the period. Finally, Marshall Wace LLP raised its position in Potash Corp. of Saskatchewan by 3,125.8% in the fourth quarter. Marshall Wace LLP now owns 1,905,657 shares of the fertilizer maker’s stock worth $32,625,000 after buying an additional 1,846,582 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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